Our Loan Process
How Secure Loans Work
Secure Loans
We lend money for gold, jewelry and other valuable items. As a licensed pawnbroker, we are able to provide a secure loan to the customer based on the collateral. This secure loan period in California is 4 months, with a 15 day grace period. You can renew or redeem this collateral loan at any time. All fees are regulated by the state of California. We understand that some of the pieces you may bring in for a collateral loan have great sentimental value. We strive always to make your feel comfortable and secure about your loan decision. Your privacy is our top concern.
Buying/Trading
Sometimes a customer prefers to sell their item or trade it for an item for sale in our shop. With many years of experience in jewelry, watches, diamonds and collectibles, we are able to appraise your items quickly and we historically offer higher values than our competitors. Having us purchase your jewelry outright can be a great option if you don’t need certain pieces. And we offer great value for your pieces if you decide to trade them in for one of our stellar watches or jewelry items!
Please keep in mind that amount offered on a secure loan or buy is based on the wholesale, pre-owned value of your items, and not the new price. Please note that we require a state issued driver’s license or state photo ID card as identification each time a customer sells or pawns an item.
Collateral Loans/Pawn Loans
Loan/Pawn process explained
Pawn loans are secured by your collateral item(s). We lend money for gold, jewelry and other valuable items. As a licensed pawn broker, we are able to loan money to the customer based on the collateral. Our loan process is simple, easy and hassle free.
- We evaluate your item/items that you are bringing in for collateral.
- We will issue a 4 month Loan with a 10 day grace period.
- The interest is state regulated and is based on the amount of the loan.
- You will receive a ticket with all the information that is relevant to your specific loan.
- We will hold your item as collateral until you redeem your loan within the specified time the loan is active.
- You always have the option of renewing your loan by paying the interest amount.
If you have any questions about our pawn loan process, please feel free to call our store at 714-710-7965 with any questions.
Sometimes a customer prefers to sell their item or trade it for an item for sale in our shop. With years of experience in jewelry, diamond and collectible, we are able to appraise your items and offer more money. Please keep in mind that amount of loan offered is based on wholesale, pre-owned value of your items, and not the new price. Please note that we require a state issued drivers’ license or state photo ID card as identification each time a customer sells or pawns an item.
What makes Jewelry & Loan different from other Orange County pawn shops?
We are family owned and operated, pawn shop specializing in buying and selling high end jewelry, diamond, gold and collateral loans on a wide variety of items. We offer quick and easy loans at competitive rates in Tustin. We treat our customers with respect and all transactions are 100% confidential and discreet. We take pride in the fact that our staff members value one on one relationship with each customer and provide them with an exceptional service.
Whether you have a high end jewelry item to sell or just looking for a small collateral loan, we offer fair pricing and we are able to pay more than our competitors.
Should I get a pawn loan or sell my item?
As a customer, you have the option of requesting a collateral loan on your items, or sell those items for cash. Selling your items outright or taking out a collateral loan, is a personal decision at times depends on your individual circumstances.
When you pawn an item and get a collateral loan, you’ll get the cash you need with no credit check and without having to give up your item for good. With collateral loans, we will appraise your items and our staff will work with you to determine the loan amount. You’ll leave your item with us until it’s time for you to come back, repay the loan and collect your item. If your item has sentimental value and you want it back, collateral loan is a better option. However, if you don’t need your item back, you should consider selling. Also keep in mind that a pawn loan is less of a risk to pawn brokers, you can generally get more money for the item than by just selling it.
The best part about pawning your item and taking out a collateral loan is that you have no obligation to repay the loan. Since you’ve provided a collateral item to secure the loan, failing to repay can never affect your credit.
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THE FINE PRINT
- The interest rate on collateral loans over $2,500.00 are not regulated and can be negotiated between the client and the pawn broker
- There is no minimum period for repayment, you can repay the collateral loan on the same day, however we would require a minimum 3 months of interest applied to the loan.
- Maximum loan repayment period is 4 months
- There is a grace period of 10 days, which includes an additional interest charge for the 5th month + a notice fee
- If you wish to renew the loan, you can pay the interest at the end of the 4 months and renew for another 4 months
- Example: a $1,000.00 loan would have a total repayment at the end of the period of $1,151.00 with an APR of 45%. To renew, the customer would need to pay $151.00
- Please contact us if you have any questions, we are here for you.
