At LoanAgainst Brackenfell, gold jewellery can be used as collateral for short-term loans.
You don’t need to relinquish ownership of your finely crafted gold jewellery.
Instead, use a gold bracelet, necklace, ring or earrings to secure a loan against gold jewellery in Brackenfell. Get the cash you need, when you need it – without having to sell.
A loan against gold jewellery: what you need to know
When you borrow money against gold jewellery, the piece is handed over to the finance provider.
It is insured, securely stored and remains there until the loan is repaid.
Appraisal-based loan amounts
The available loan amount is dependent upon the appraised value of the jewellery.
A piece stamped with a hallmark or maker’s mark, and accompanied by certification of authenticity, or a recent valuation by a reputable jeweller or goldsmith, will unlock a higher loan amount.
Condition, rarity and relevant paperwork is also taken into account when assessing the resale value of the piece on the pre-owned jewellery market.
The role of gold jewellery in the loan transaction
It’s important to bear in mind the role the jewellery plays in the transaction. It is used to secure the funds and mitigate the lender’s risk in lending the money.
If you can’t meet the repayments and the loan is not extendable, the jewellery is sold to cover the losses.
How to get a loan against jewellery through LoanAgainst Brackenfell
At LoanAgainst, you can apply for a loan against gold jewellery and other high value personal assets, online.
The images and information you provide are used to determine a preliminary loan amount, which is relayed to you by email or over the phone.
If you wish to proceed, an appointment is set up at the Brackenfell branch in Cape Town.
At that point, an appraisal expert physically examines the piece and the offer is confirmed. An agreement, clearly outlining the terms of the loan, is drawn up and signed.
The jewellery is handed over for safekeeping. The funds are transferred into your bank account – usually on the same day.
Why consider getting a loan against jewellery
When you use an asset to secure a loan, the risk to the lender is offset by the resale value of the asset. Income, employment status and credit score play no part in the decision to lend you money.
Anyone who owns a piece of gold jewellery, or a luxury watch, diamond ring, original artwork or branded leather handbag, is pre-approved for a loan.
That applies to people who are under debt review or facing bankruptcy. A loan against jewellery is the quickest, easiest and most discreet way to raise capital over the short term.
It’s also a low-risk financing strategy. Only the asset provided as collateral is at risk in the event of serious default on loan repayments.
LoanAgainst Brackenfell: the reliable asset-based loan provider
Some of the reasons to choose LoanAgainst as your short-term finance provider:
- registered with the National Credit Regulator (NCR)
- very fast, same-day access to funds
- transparent fee structure, with no hidden costs or penalties
- no credit checks or sharing of information with credit agencies
- branches in major cities across South Africa.
If you’re looking for a loan against gold jewellery in Brackenfell (or elsewhere in South Africa) call us on 27 10 745 7061 or simply complete and submit our online application form.
