Leo Hamel Jewelry Buyers

What is a Collateral Loan?

Have you fallen into hard times or need some quick cash for a sudden opportunity? This shouldn’t be cause for stress because we’ve all been there. This is exactly why Leo Hamel Jewelry & Gold Buyers offers you the ability to pawn your fine jewelry, watches, and other valuables in collateral loans.

Don’t know what collateral is? Simply put, collateral is something pledged as security for repayment of a loan. These loans aren’t based on your credit rating or pay schedule, but instead on the value of your collateral. Our San Diego Avenue Jewelry & Gold Buyers can provide collateral loans of $2,500 and more. The amount of the loan is based on the value of the pieces being pawned.

Collateral loans are an excellent way to get quick cash without having to access a credit line! Most transactions take 30 minutes or less and there are no credit reports to hassle with. The minimum amount of time you will have to repay a loan is four months, but you can keep the loan for longer than four months as needed.

Receiving a collateral loan is simple and stress-free. When you bring your valuables in, you’ll meet with one of our expert jewelry buyers to have your items evaluated and walk away with immediate money! All our buyers have the expertise and knowledge to evaluate your items and ensure that you receive the most money possible.

Buyer Examines Pawn Material

What to Bring in for a Collateral Loan

Items that you can pawn for a collateral loan include fine jewelry, luxury watches, diamonds, gemstones, antiques, engagement rings, and other valuables!

Safety is our top priority! You have entrusted your valuables to us, and we take that very seriously. Items you have pawned for a collateral loan are still owned by you. Our responsibility is to keep them safe and in good condition. Every item is safely stored here until you return to repay your loan in full.

If you’re looking for a collateral loan, visit Leo Hamel Jewelry & Gold Buyers at our main location on San Diego Avenue, where you’ll get the most money possible when you pawn your jewelry and fine watches. Don’t hesitate to contact us before you drop by! Click here for driving directions, phone numbers, and hours of operation. No appointment necessary!

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