Pawnbrokers Act – SpeedCash is a service licenced under this Act, which was promulgated by the Parliament of Singapore.

Pledged Article – This is the valuable you pledge in exchange for the cash loan. SpeedCash currently accepts only gold items of at least 18 karat. When you pay off your loan plus interest, the pledged article will be returned to you.

Pledged Amount – This refers to the cash loan given to you.

Pledged Period – This is the duration from the time you make a pledge until the expiry date of the pledge ticket. It can be up to a maximum of 6 months from the date of pledging, with the option for renewal or early redemption.

Pledge Ticket – This is a “confirmation of pledging” issued by SpeedCash describing the pledged article, the pledged amount, the expiry date and other relevant information. You need to produce this ticket when renewing your pledge ticket or redeeming your valuable.

Reserve Price – This is the starting bid price for an unredeemed pledged article at the public auction.

Redemption – This is an act of redeeming the pledged article by presenting the pledge ticket and paying off the loan plus interest.

Renewal – If you wish to extend the pledged period, you can seek a “renewal” of your pledge ticket by paying the outstanding interest.

Forfeiture – This refers to the right of SingPost to repossess your unredeemed pledges if the pledged amount is $50 or less after the pledged period expires.

Auction – If you do not redeem your pledges after the pledged period expires and the pledged amount is greater than $50, the pledged articles must be sent for public auction conducted by auctioneers appointed by the Registry of Pawnbrokers.

The Registry of Pawnbrokers is located at

The URA Centre, East Wing,
45 Maxwell Road #06-11,
Singapore 068118.

This booklet and the information herein are provided on an “as is” and “as available” basis. Singapore Post Limited does not warrant the accuracy, adequacy or completeness of this booklet and expressly disclaims liability for errors or omissions in the booklet. No warranty of any kind, implied, expressed or statutory, including but not limited to the warranties of non-infringement of third party rights, title, merchantability, satisfactory quality and/or fitness for a particular purpose, is given in conjunction with the booklet.

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