LoanAgainst offers instant cash loans against jewellery at branches in Cape Town, Johannesburg, Durban and Port Elizabeth (Gqerberha).
When times are tough and it’s difficult to honour unexpected expenses, an asset that you own can be a lifeline.
How to get a loan against jewellery
Getting a loan against jewellery is a quick, secure and private way to raise funds.
An easy online application process enables the rapid release of capital. Once initial contact is made by a LoanAgainst consultant, the jewellery is physically appraised at one of our conveniently located branches.
If the loan amount is agreeable, the jewellery is safely stored in a high security vault. While in our care, the items are insured against loss and damage.
The jewellery is returned once the borrowed funds and the accrued interest are repaid in full.
No credit checks or income assessments are performed. Our clients’ financial matters are not reported to credit agencies.
What to consider when getting a loan against jewellery
There are three steps to successfully borrowing money against jewellery.
Step 1 Have the jewellery professionally cleaned and polished. That way, the item is presented in the best possible light.
If a professional cleaning service is unaffordable, follow DIY jewellery cleaning tips online.
Step 2 Get a formal valuation. Most reputable jewellers, gemologists, gold traders and auction houses offer a valuation service, either free of charge or for a nominal fee.
By having a reliable estimate of the jewellery’s current resale value as a reference point, you’ll know whether you’re getting the best possible deal.
Step 3 Support the loan with paperwork. Include an independent valuation, a copy of the receipt, the item’s original packaging and/or any documents or records to prove provenance. These can increase the value of the loan.
Why get a loan against jewellery?
Borrowing against a fully owned asset allows you to leverage its value without selling it.
It’s a sensible and cost-effective way to source short-term funding to:
- pay for unexpected expenses
- bridge the gap to pay day
- pay off expensive debt, like the outstanding balance on a credit card.
As long as there’s a steady inflow of cash to repay the borrowed funds, using jewellery to secure a loan offers financial flexibility.
Why use LoanAgainst?
LoanAgainst is a subsidiary of a holding company registered with the Financial Services Board (FSB). We offer discreet loans against jewellery and other unencumbered assets at a network of physical branches.
Our interest rates are competitive and align with the National Credit Act (NCA). Our loan agreements are easy to understand. There are no hidden fees or early settlement penalties.
For more information about getting a loan against jewellery, simply complete and submit our online application form.
