Need cash fast? You can get a loan against a diamond ring in Gqeberha quickly and discreetly.
Here’s how you can use a piece of jewellery to release cash in the short term without having to sell it.
Why an asset-based loan is the best way to unlock the equity in a diamond ring
Are you one of the thousands of people who own a diamond ring in Gqeberha (Port Elizabeth)? If you are, you can use your jewellery to get a loan.
At LoanAgainst, we accept high-value luxury items as collateral for loans. This means you can cover unexpected expenses quickly and discreetly.
What’s more, when you’ve repaid the loan, the ring is yours again. It can be used countless times to unlock funds.
Instead of selling a precious item of jewellery, an asset-based loan allows quick access to cash and the retention of a treasured piece.
Where to get a loan against diamond ring in Gqeberha
As a registered finance provider specialising in the asset-based lending space, LoanAgainst is the go-to option in Gqeberha – and elsewhere in South Africa.
Along with repayment terms that can be structured around affordability, we offer NCR-compliant interest rates and competitive fees.
The amount of money you can borrow depends upon the re-sale value of the ring on the second-hand jewellery market. A higher value unlocks more funds.
The initial contact and preliminary offer of a loan is made via our online platform. Alternatively, our centralised call centre operates during normal office hours.
Applying for a loan against a diamond ring: the process
The lending process at LoanAgainst involves a few easy steps.
- You contact us online or over the phone.
- We make an initial offer of a loan based on the information and images provided.
- An appointment is set up to have the diamond ring expertly appraised at the Gqeberha branch of LoanAgainst.
- The ring and required documents are handed over. A formal loan agreement is signed. All collateralised assets are insured and stored in high security storage facilities for the duration of the loan term.
- The funds are electronically transferred into your bank account on the same day.
It’s that easy to get a loan against a diamond ring in Gqeberha through LoanAgainst.
How the loan amount is determined
Our in-house appraisal experts consider several factors when determining the value of a diamond ring.
These factors include the brand or maker, the material used in the construction of the ring, and its condition. The diamond is assessed according to colour, clarity, cut and carat.
Sales records and information from auction houses and private sales are used to inform a fair and accurate valuation.
The funds available are expressed as a percentage of the appraised value of the ring.
Why consider a loan against a diamond ring?
Guaranteed approval. Providing the ring is debt-free and in good condition, you’re assured of a loan through LoanAgainst Gqeberha.
Confidential. We don’t share the details of transactions with credit agencies and we don’t conduct credit checks.
Quick. Loans are processed within 24 hours.
Low risk. If you can’t repay the loan, the only asset that can be seized to mitigate the loss is the diamond ring.
Easy. Documents required to support the loan are an original ID and proof of address.
Tips for maximising the loan amount
There are ways to enhance the amount of money you can borrow against a diamond ring.
Having the ring professionally cleaned can raise its appraised value and the associated loan amount.
Getting an independent appraisal from a jeweller or auction house, and sharing the information with us, can expedite the process and ensure you’re getting a fair market valuation.
Providing a certificate of sale, or any other documents that record information about the diamond ring, immediately adds value and optimises the amount of the loan.
If you’re looking for a loan against a diamond ring in Gqeberha (or elsewhere in South Africa) call us on 079 726 4690 or simply complete and submit our online application form.
