Asset Based Loans
Elite Jewelry and Loan has been helping clients get fast cash for their fine jewelry pieces for over 35 years. Our highly educated diamond and gold experts will analyze your authentic gold, diamond or other fine jewelry item and give you the most money on loan for your high-value asset.
We also write collateral loans on other items of value.
How Does Collateral-Based Lending Work?
Collateral-based lending works like this: You as a client are given an appraisal amount for the value of any fine jewelry piece or other valuable item you bring in to have assessed.
One of our expert appraisers at Elite Jewelry and Loan will tell you what the loan value of your item is, and then share how much money we can loan you for your item. Loan appraisals on items are of no cost to you, and there is no obligation to enter into a loan contract for the loan amount you are approved for.
If you choose to accept the loan monies your jewelry or valuable item qualifies for, we’ll explain all terms and conditions of the loan directly to you both verbally and in our written loan contract. Once you’re comfortable with the terms and conditions of the loan, you can sign your contract and get your cash immediately.
After the principal balance and the interest due on your loan are paid in full, your merchandise is returned to you.
We offer a much lower interest rate on our loans than you will find at traditional pawn shops and will offer you top loan dollar for your item in a comfortable, safe, and secure setting.
When you bring your collateral item in to be appraised and offered a loan amount, we can also give you a buy-now price as well. In some situations, the price to sell an item on the spot will be higher than the price we can give you for taking out a loan on the item.
Having your valuable assessed for both loan and sell prices will give you more options to consider as you decide what the best avenue is for resolving your financial need.
What Types of Jewelry Will You Lend Money On?
- We lend money on a variety of different fine jewelry items, including:
- Luxury watches and timepieces
- Diamond engagement rings and wedding sets
- Fine jewelry necklaces
- Estate jewelry pieces
- Gold and precious stone bracelets, earrings and more
- We’ll lend you money on nearly any type of fine jewelry item you own. We even loan money on fine
- jewelry pieces that are broken or not working properly.
- There are other items we’ll accept as security for collateral loans as well, such as premium electronic items, authentic designer handbags, musical instruments, gold coins and bullion, and more.
- Call our store for more information, or bring your valuable in today to determine the amount of money we can loan you on the items you own.
How Do You Determine the Loan Value of My Item?
The amount of money you can borrow against your fine jewelry piece is based on a number of different factors regarding the item itself. It takes an educated jewelry expert to determine the true value of a gold item, fine diamond or other piece of jewelry.
All of our staff members are GIA certified. Certification by the Gemological Institute of America (GIA) is recognized world wide as the industry standard for objectively and accurately assessing the four “Cs” of a diamond: carat, color, clarity and cut.
The value of a diamond – or other fine jewelry piece – is based on the quality of the stone or metal within that piece. The GIA certification of our staff ensures that you will receive a fair loan amount for your item that reflects its accurate value.
Regarding non-jewelry items being used as collateral, our staff has been expert-trained in determining the value of all items we accept as collateral for loans. The extensive training of our staff means you can rest easy that the loan amount you’ll be given for your item will be satisfactorily equal to or above typical industry standards.
What Items do I Need to Bring in Order to Obtain a Loan?
If you are interested in getting a collateral-based loan with us, you’ll need to bring your collateral item and a government issued ID that contains a photo, such as a passport, a state-issued driver’s license or a state-issued identification card. If you have any paperwork for the item such as a certified appraisal or certificate of value, it is helpful to bring those items as well.
Note: you do need to be at least 18 years of age to get a collateral loan with Elite Jewelry and Loan. This is because the state of Arizona (and all other states) requires a person to be at least 18 years old to enter into a legal and binding contract.
Also, there are no limits on the number of collateral-based loans you can obtain through us. If you have a qualified collateral item that belongs to you, we can give you a loan on that item.
What Happens with My Jewelry After I Give it to You as Collateral?
Elite Jewelry and Loan prides itself on making sure your collateral loan items are stored safely and securely. After you sign your loan contract and get your money, we transfer your fine jewelry item or other valuable to a private, secure off-site location where it is monitored 24 hours a day, 7 days a week with both on and off-site security measures.
You can be confident your fine jewelry and other valuables that you use as collateral on your loan are safely protected while in our care.
What if I Can’t Pay Back My Loan?
In some cases, people encounter additional financial issues and it’s not possible for the client to pay back a collateral-based loan as promised. Things happen and circumstances change. We understand this and will work with you to find an agreeable resolution if repayment becomes difficult.
As an example, although our typical collateral-based loan offers a 90-day term, we can in many cases extend your loan term for an additional 90-day loan repayment period as long as you are able to pay the interest due on the loan at the end of the current 90-day period. Additional subsequent 90-day loan extensions are often available as well.
In other cases, you may wish to or need to relinquish your jewelry item or other valuable as payment in full for your loan balance. If this happens you will not be obligated to pay any additional fees for relinquishment of your item and we will never report non-payment of your loan or late payment information to a credit reporting agency.
No matter what the situation, our loan experts will work with you and do our very best to find a resolution that will bring you peace of mind.
I Have Bad Credit/No Credit; Can You Help?
At Elite Jewelry and Loan we don’t check your credit, nor do we base your loan amount on your past credit history. Instead, we base your loan amount on the value of the asset you are submitting as collateral, and that items acts as security for your loan.
Thus, your credit history and credit score aren’t a factor because you are requesting a loan that is fully secured by an item of value and can be paid in full via relinquishment of that item.
This means that we can help you obtain a collateral loan no matter what your current or past credit history report looks like.
If your local bank is unwilling to lend you the money you need for your financial shortfall, you can rest assured that we can help by giving you a secured loan based on the value of your asset.
How Do You Protect My Valuables from Being Used as Security for a Collateral Loan by an Unauthorized Person?
At Elite Jewelry and Loan, we work together with local law enforcement by providing them with a detailed description of all accepted merchandise with every loan or purchase transaction. We also provide them the identification information of the person selling the valuable or obtaining a loan using the valuable as collateral.
Law enforcement then cross-checks their database to ensure items we accept aren’t reported as stolen. Since we are required to hold all saleable items for twenty days as law enforcement checks their list of reported stolen items, you can be sure we won’t allow your stolen valuables to be traded in illegally – as long as you have reported the theft to local police so they can add your stolen valuables to their database.
We do everything in our power to ensure the items we buy and sell are obtained legally, partnering with local authorities to help them track down stolen items that may be brought in to our stores.
Getting a collateral-based loan with the caring, professional staff at Elite Jewelry and Loan is easy, confidential and will allow you to get the cash you need immediately. Bring your valuable item into one of our store locations today for more information or to get an appraisal amount for your collateral loan.
Collateral Loans or Sell for Cash
At Elite Jewelry and Loan, we can provide loans on many of your valuable items including:
We Buy or Loan on Luxury Watches
- Audemars Piguet
- Baume Mercier
- Bell & Ross
- Frank Muller
- Jacob & Co
- Jaeger Le-Coulture
- Patek Philippe
- Tiffany & Co.
- Ulysse Nardin
- Richard Mille
- Tag Heuer
- Vacheron Constantine
We Buy or Loan on Precious and Semi-Precious Gemstones
- Colored Diamonds
- Colored Sapphires
- Tigers Eye
We Buy or Loan on Fine Jewelry
- Engagement Rings
- Bridal Sets
We Buy or Loan on Estate or Antique Jewelry
- Vintage Jewelry
- Pre-owned EstateJewelry
- Antique and Antique Jewelry
We Buy or Loan on Gold
(any Karat regardless if it’s 10K, 14K, 18K, 22K, or pure 24K)
- Gold Jewelry
- Gold Nuggets and Gold Bars
- Gold Coins
- Bullion and ingots
- Dental Gold
- Mined Gold
- Sterling Silver Jewelry
- Native American Indian Jewelry
- Sterling Silver Tea Sets
- Sterling Silver Flatware
- Silver Coins and Silver Bullion
- Silver Nuggets and Silver Bars
- We will buy or loan on your sterling silver or 999 silver
- Platinum Jewelry
- Platinum Coins
- Platinum Bullion
- Platinum Nuggets
- Platinum Bars
Coins and Bullion
- Gold Eagles
- Gold Maple Leafs
- Gold Krugerrands
- Gold Buffalos
- Slab Coins
*We accept any gold, silver, platinum ingots, and bars such as Credit Suisse, Handy and Harman, Engelhard, Johnson Matthey
We Buy or Loan on Designer Purses
- Louis Vuitton
- Michael Kors
- Alexander McQueen
- Jimmy Choo
We Buy or Loan on Designer Jewelry
- David Yurman
- John Hardy
- Roberto Coin
- Tiffany & Co.
- Chanel and more…
We Buy or Loan on Diamond Jewelry
- Any Size Loose Diamonds
- Including Round, Princess, Emerald, Pear, Cushion, Oval, Asscher, Marquise, Radiant, Heart
We Buy or Loan on Musical Instruments
- Guitar (electric, acoustic, hybrid)
We Buy or Loan on DSLR Cameras
Not affiliated with Roles Watch Co. Rolex is a registered trademark of Rolex Watch USA
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