Decoding San Francisco Pawn Loan

Have you ever been tight on cash and pondered on pawning your jewelry? Needless to say, it is definitely a tough personal decision to make between keeping your valuables and paying the bills. Now there is a win-win situation where you can still get the cash and can also keep your jewelry. We are talking about a San Francisco pawn loan. With this you get your cash and don’t need to sell your cherished personal items.

The good news is high end pawn shops have a license to provide loans based on the value of your jewelry. They can offer you a cash loan using your valuables are as collateral for up to 120 day terms. Simply put; if you need quick cash and have high-end jewelry, rare coins or other valuable item such as a branded watch or high-end pieces of jewelry, then this type of loan can work for you. Keep in mind, the item should have value for the jeweler, so they can provide you a loan or purchase the item from you.

So what could be the loan amount? As a matter of fact, the amount wholly depends on the value of the jewelry. Usually the more cash you are requesting, the higher your jewelry is valued, the lower the percentage rate you should be charged. It is also important to mention here that such loans are typically based on the appraised “loan value” of your collateral and its current condition. Also the salability of the item for a San Francisco pawn shop is very important. Of course, the amount of the loan offered is based on the wholesale, resale/secondhand value of the item and certainly not on the new retail price.

It is also pertinent to mention that you will not get a loan on just any piece of jewelry, so it always helps to bring in multiple items at one time. Be open-minded to negotiate. They are in fact taking a risk in giving you cash for your jewelry and want to make this deal that is best for both parties.