New York Loan Company understands that anyone can suffer from cash flow issues, and we are here to help. The process of obtaining a short-term pawn loan from New York Loan Company is simple, dignified and absolutely seamless. All transactions are conducted in private offices with GIA-trained gemologists. The loan amount will be based upon the loan officer’s determination of the value of your collateral, and we have the unique ability to make loans ranging from three figures to seven figures. Once the pawn loan amount is mutually agreed upon, a loan contract will be prepared for your signature, in accordance with New York state law. After you execute the loan contract, you will be given all funds on the spot, as there are absolutely no upfront costs or hidden fees. All jewelry held as collateral is stored either inside the safe on premises or inside the International Gem Tower’s secure vault.
Per New York state law, you will receive a notice mailed to the address on the loan contract informing you of the date by which you must either pay off your pawn loan and redeem your collateral or pay the interest and fees owed and renew your pawn loan for an additional four months. It is crucial that you respond to this notice; if you choose not to respond by the stated date, you may lose your collateral, which is the last thing we want to see happen. Since state law dictates the amount of interest that any New York pawnshop can charge, why would any borrower want to transact business with an ordinary storefront pawnshop? Please remember to bring your GIA certificates for any diamonds or colored stones, your box and papers for any watches, and provenance for any memorabilia or artwork.