Collateral Loans
We offer secure collateral loans, allowing you to borrow money by using valuable assets such as jewelry, electronics, or other personal items as collateral. This type of loan is ideal for those who need fast access to cash without relying on credit checks or going through lengthy approval processes. Your item is safely stored while the loan is active, and once it’s repaid, your property is returned in its original condition. Our process is quick, confidential, and designed to help you meet short-term financial needs with ease. We proudly serve the New York area with five convenient locations, making it easy for you to visit us wherever you are in the state.
How a Collateral Loan Works:
Bring in a Valuable Item
You bring something of value—like jewelry, electronics, or a watch—to a lender (often a pawn shop or loan office).
Item is Evaluated
The lender examines the item to determine its value. Based on this, they offer you a loan amount.
Loan Agreement
If you accept the offer, you sign a loan agreement. It includes terms like the loan amount, interest rate, and repayment period.
You Receive Cash
You get the loan money on the spot in cash.
Item is Held Securely
The lender holds onto your item as collateral. It’s stored safely until the loan is repaid.
Repay the Loan
You pay back the loan (plus any interest/fees) within the agreed time.
Get Your Item Back
Once the loan is fully repaid, your item is returned to you in the same condition.