If you have been looking for a loan on jewellery, then there are many options to choose from. You can apply for a loan with a number of banks, or even through a pawn shop. Some options include ICICI Bank and Diamond Banc.
Heritage Jewelry and Loan
The Heritage Jewelry and Loan is a family owned business located in Houston, Texas. Previously known as Texas Watch and Gold, this acorn of an operation boasts a full service jewelry store, loan center and pawn shop in a quaint and charming old west setting. From gold to jewelry to fine jewelry to antiques, you’ll find what you’re looking for here. They’re not afraid to make you pay for it. So, whether you’re looking for a wedding band, diamonds, or an antique clock, you’ll get the best service for the price.
Aside from its impressive customer service, the company has a stellar product line that’s well worth the visit. Their selection of diamonds is unmatched by any of their competitors, and their inventory is a drool-worthy. You’ll also find a plethora of fine jewelry, including watches, necklaces, rings, bracelets, earrings, and necklaces, as well as an enticing selection of antiques. With its friendly staff and convenient locations, you’re sure to find a reputable jeweler with your best interests at heart.
ICICI Bank
ICICI Bank offers loan on jewellery in a variety of forms. These loans can be used for personal and business needs. Applicants can apply for a gold loan from a branch or online. The process is simple and transparent.
ICICI Bank accepts self-owned jewellery and also accepts jewelry bought from a bank. Gold ornaments are kept in the bank’s locker and only released upon completion of the entire loan.
To apply for an ICICI Bank gold loan, borrowers need to provide a few basic details. These include name, address, city, mobile number, PIN code, and branch. Customers can use the online form or call the customer care on 84448.
For loan repayment, borrowers can pay the loan amount in cash, cheque, or demand draft. Depending on the nature of the loan, borrowers can also opt to transfer the funds through Electronic Clearing Service or ECS.
Applicants can also opt to avail a no-EMI gold loan. This is a more advantageous option, as it allows for quick funding. In addition to that, ICICI offers low interest rates on gold loans.
Diamond Banc
Diamond Banc is a lending company that allows you to secure a loan against your jewellery. Their official offer is a slick way to get cash fast to pay off that car or house payment. They also offer the best pawn jewelry loan program in the country.
The jewelry industry has seen a resurgence of sorts in recent years, thanks in large part to diamonds. While you can buy a diamond for a small price, it is difficult to monetize the gem. To make the process simpler, companies like Diamond Banc have started offering loans against jewelry.
Not only does Diamond Banc give you the option to borrow against your jewels, they also provide the luxury experience to boot. With their GIA graduate pawnshops near you gemologists on hand, you can rest easy knowing you’ll have a professional to help you with your financing needs.
Another advantage of a Diamond Banc loan is that they offer collateral in the form of a check. This makes the process quick and easy. Plus, they keep the money in a secured vault so it’s never exposed to theft.
Pawn shops
If you need cash quickly, consider getting a pawn shop loan on jewellery. Pawn shops offer fast transactions and same-day cash. They also offer loans on a variety of items. The process is simple. However, you should be aware of the drawbacks of pawning.
Pawning jewelry can be risky. Pawn shops are not responsible for the condition of your jewelry. You must ensure it’s in good shape. It’s best to keep it clean and organized. Also, pawnshops will only give you a percentage of the value of your item. Usually, they will offer you 25% to 60% of its resale value.
Remarks
Before you visit a pawn shop, make sure to check your credit. Most pawnbrokers will not report late payments to your credit bureau. This makes a pawn shop a good option for those who need fast cash but don’t want to damage their credit. Pawn shops can accept many different kinds of high-value items. You can bring in jewelry, electronics, and even power tools.
