Selling your gold jewellery is one way to get fast access to cash but, once sold, your jewellery is gone forever.
An alternative way to access the value of gold jewellery is to use it as collateral on an asset-based loan. At LoanAgainst, you can get a fast short-term loan against gold jewellery in Florida, Johannesburg.
In this article, we cover:
- how asset-based loans work
- how to apply for a loan against gold jewellery in Florida, Johannesburg
- why an asset-based loan is better than selling
- why you should use LoanAgainst to get an asset-based loan.
How asset-based loans work
Asset-based loans use a valuable item, such as gold jewellery, as collateral to secure the loan.
When you get a loan against gold jewellery, we assess the value of the jewellery and base the loan amount on the resale value. We don’t need to know your income or credit score.
How to apply for a loan against gold jewellery in Florida, Johannesburg
To apply for a loan against gold jewellery in Florida, Johannesburg, start your application online and tell us more about your gold jewellery.
We’ll make an initial offer over the phone. For the final offer, you’ll bring your jewellery to one of our offices for appraisal.
If you’re happy to go ahead, we’ll take temporary possession of the jewellery for the duration of the loan period. The jewellery will be stored in a secure facility.
The funds will be transferred directly into your bank account via EFT, usually within 24 hours.
Once the loan is repaid, your jewellery is returned to you. Your ownership is not affected.
Supporting documents you will need
You’ll need to supply the following supporting documents when you apply:
- proof of ownership, preferably in the form of an invoice
- a copy of your ID document
- proof of address (for example, a municipal bill).
You can also include a valuation from an independent valuer. Before you do, it’s important to know about the different types of jewellery valuations.
Why an asset-based loan is better than selling
When you sell an asset to get money it’s a one-time deal. The sold item no longer belongs to you and you can only access its value once.
If you keep the asset and use it as collateral on a loan, you can repeat this process many times.
You’re also more likely to get the money fast if you pawn the jewellery rather than sell it. Selling gold jewellery for what it’s actually worth can take time.
Many places will buy gold jewellery on the spot, but they might not give you best price.
Why you should use LoanAgainst to get an asset-based loan
Advantages of a loan against gold jewellery with LoanAgainst:
- quick, discreet and straightforward
- flexible repayment terms
- no hidden fees
- competitive interest rates
- no credit checks.
Call us on 27 10 745 7061 to learn more about getting a loan against gold jewellery in Florida, Johannesburg (or elsewhere in South Africa) – or simply apply online now.
