Pawn Loan Ticket Calculator
Estimates interest, the service charge, and your redemption deadline under Indiana's Pawnbroking Law (IC 28-7-5). This is a planning estimate for our customers — your actual pawn ticket is the legal record of your loan.
This is the principal — not the item's resale value.
Indiana law sets a 1-month minimum term.
Days loan has been / will be outstanding
Interest owed
Service / storage charge owed
Total to redeem item
Loan maturity (due) date
Final redemption deadline*
How this is calculated, and what to double-check:
• Interest is prorated daily at 1/30th of the monthly rate (
• Service fee is charged as a full month's fee for month 1 and month 2 (even for a partial month), then prorated daily at 1/30th of the monthly fee starting in month 3 (
• This tool doesn't currently account for the $3 ticket-reissue fee, partial payments, or local ordinances that may set a shorter pledge-retention period (up to 10 days) — all of which can affect a real transaction.
This calculator is for general informational estimates only and is not legal advice.
• Interest is prorated daily at 1/30th of the monthly rate (
IC 28-7-5-28), with a minimum charge of one full month's interest even if the loan is repaid early.• Service fee is charged as a full month's fee for month 1 and month 2 (even for a partial month), then prorated daily at 1/30th of the monthly fee starting in month 3 (
IC 28-7-5-28.5). The 20% monthly cap on this fee is directly confirmed in the statute text.• This tool doesn't currently account for the $3 ticket-reissue fee, partial payments, or local ordinances that may set a shorter pledge-retention period (up to 10 days) — all of which can affect a real transaction.
This calculator is for general informational estimates only and is not legal advice.