Frequently Asked Questions - Premier Pawnbrokers
So tell me what kind of assets you're willing to lend against? Is it just super high-end items like a Diamond Tiara or Ferrari?
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Frequently Asked Questions

So tell me what kind of assets you're willing to lend against? Is it just super high-end items like a Diamond Tiara or Ferrari?

Absolutely not, we will look all things usual and some unusual from a Harley Davidson to a 1930’s Koken Barbershop Chair, from a les Paul Guitar to a 1890’s Pocket Watch! Yes we’ve had them all!

 

We will lend against most kinds of Jewellery, Gold Rings, Bracelets, Necklaces and Earrings Precious Metals, Platinum, and Diamonds.

 

So’ if you have that 1000g Bar of 999.9 Gold, we’ll lend against that to!

 

Luxury watches – modern and vintage – including Rolex, Cartier, Breitling, Audemars Piguet and Tag Heuer to name a few.

 

We also lend against computer equipment such as Apple Ipads, MacbookPro, Iphones, Samsung smartphones Tablets,( High End) stereo equipment i.e. Bang & Olufsen etc.

 

We will also look at some fine art, which includes paintings,( so if you have an Andy Warhol on your wall) we’ll look at that to!  Peter Lik photography, stamp collections etc. If world famous auction houses sell it, we’ll lend against it. And if they don’t, we might lend against it anyway. (However, we may need to have an independent valuation)

What exactly do you mean when you say that your loans are based on "market value"?

Not all costs are created equal. When you buy that diamond ring from the high street jeweller, or that 911 Turbo from Porsche, you’re paying the retail price. If you decide to sell that ring or that car today, you’ll get the market value not the “replacement value.” The difference is what’s called “depreciation” – and it covers the mark-up the dealer has, their rent and overheads and the very nice espresso they give you. The relationship between market value and the retail cost varies by item; in the case of jewellery, that can figure anywhere from 30% to 60% of the retail price walks out the door with you.

Is there a maximum or minimum loan period?

Our loans are three months in duration; you can always pay it early with no penalty. Once your payment has cleared, we’ll safely get your asset back to you (sometimes, depending on where it’s stored, you can also pick it up yourself.) You only have to repay the loan amount plus the interest due at the time you redeem your loan.

Prestige and classic cars

We love prestige and classic cars including Ferrari, Aston Martin, Range Rover, Bentley, Porsche and other Marques of Distinction, Of course, we hold the car during the period of the loan so you will not be able to drive your baby, other than in your dreams!!

PROPERTY

Yes!  We will lend against that Lakeside villa you own or even that Penthouse suite, as long as it’s freehold let us know what it is you have and we’ll see if we can help.

Is there a maximum or minimum loan period?

Our loans are three months in duration; you can always pay it early with no penalty. Once your payment has cleared, we’ll safely get your asset back to you (sometimes, depending on where it’s stored, you can also pick it up yourself.) You only have to repay the loan amount plus the interest due at the time you redeem your loan.

Where will my assets be stored?

Watches, jewellery and gold are stored in one of our highly secure vault’s; which is alarmed and has 24 hour surveillance cameras, giving you peace of mind. Obviously, we couldn’t squeeze your precious Bentley into the vault so it would be stored with one of our specialist storage partners.

How much can I borrow?

We’ll lend from $1.00 to $100,000. Our maximum loan-to-value can be 70% of our estimate of the market value of your asset, and depending on the asset can be as low as 30%.

How Much Will I have to Pay Back?

That’s a good question, the redemption Fee can vary, these are based on the asset and the value of the loan, we will let you know what you owe right up front, because this isn’t a bank.

We also have a loyalty program , after your first loan with us we offer a ‘special’ rate

Can I extend my loan?

Yes, you can apply for an extension, you will need to pay any outstanding redemption fee that’s due at the time of the extension.

When and how will I receive my cash?

We feel that you won’t have time to finish the coffee that we have offered you! Once we have the item and have valued it, and if you accept the loan offer, we can provide your funds straight away. We CAN PAY YOU CASH ON THE SPOT or we can transfer funds into your bank account, whichever suits. The whole process should take less than 15 minutes, (it would take longer than that just to fill out an application at the bank!!)

Does The Pawnbroker conduct credit checks?

A Big Emphatic No! Once we make a decision on whether to offer you a loan. We will run an in-house ID check, (Photo ID and Proof of address), but there is NO credit check and borrowing from us will not show on your credit rating.

What does an appointment at The Pawnbroker involve?

You can make an appointment to meet with one of our account managers in our offices in between 9am and 5pm, Monday-Friday.

 

You will be met by your account manager and while you’re having one of our super espresso coffees your item will be receiving an expert appraisal and valuation.

 

If you choose to accept our loan offer and you have your identification with you, we will be able to transfer money to you immediately.

 

It is always best to make an appointment in advance but you are welcome to drop by if you are passing.