Pawn Loan Frequently Asked Questions:
Not a typical pawn Shop?
To sum it up:
- We have been the trusted name in asset-based lending for 30 plus years.
- We typically pay and loan 2 to 3 times more than the average pawnshop!
- Our interest rates on loans are some of the lowest in the industry.
- Unlike typical pawnbrokers, we know the true value of your jewelry.
- No pressure – we provide a discreet and comfortable setting for our clients.
- Security – your items are insured and kept in a bank secured vault until redemption not in a glass case.
What can I use as collateral for my loan?
Our main focus is of course diamonds, high-grade jewelry and fine timepieces like Rolex®, Cartier®, Breitling® and Patek Philippe®. We also will entertain loans on recognized named artwork, quality antiques, collectible and exotic automobiles, boats, personal watercraft, motorcycles, silver flatware and fine handbags such as Louis Vuitton®, Chanel®, Hermes® and Gucci®. For criteria on loans other than jewelry please call for more details. Additional Loan info available on ourLending page. For realtor solutions click here .
What should I expect in a meeting with a Chapes-JPL representative?
We offer our clients a relaxing and comfortable office setting to discuss their options. Like with any lender please state the amount of money you need to borrow and have the collateral there for us to inspect. If we agree on a value then a simple one-page contract is issued and your funds are given to you immediately. The whole process takes about 20 minutes.
*Loans other than jewelry may take longer due to the research time needed.
What do I need to bring with me besides my jewelry?
A photo ID is required for any transaction. Please also note that fingerprints are taken.
How am I paid if I decide to sell or make a loan on my jewelry?
Payouts to the customer are made via company check. Checks can be cashed immediately during bank hours. Sorry, no cash is kept on the premises.
What forms of payment are accepted to renew or pickup my loan?
Interest payments in the form of cash, money order, cashier’s check or by debit/credit card are accepted. Cashier’s checks and money orders can be mailed and payments via credit card are accepted by phone. Loan pickups, however, can only be redeemed with cash or by official bank wire. Sorry, personal checks are not accepted.
How long can I keep my loan?
Loans are initially made for 30 days, but can be renewed for an additional term of 30 days by simply paying the interest. There is no limit to the number of times you can renew your loan.
what if i refer a customer or client?
Refer a customer to us and we will pay you 1/2 of the first month’s interest on any loan that is issued OR 5% of any purchase that is made. And you get your referral fee when the paperwork is processed!
**Referral fees are based on the referred party’s first transaction. One referral fee per distinct customer. Referring party must call ahead to notify us of client referred to receive fee.**