Can You Get a Loan Against Jewellery?


Yes! In 2006, the National Credit Regulator (NCR) established collateral financing for consumers in a regulated fashion. If you need cash fast and you don’t want to sell your jewellery, this is the perfect way to still own your jewellery, but also get the cash loan you urgently need.

Obviously, the jewelry should be fine jewelry and not fake costume jewellery. You can get money for diamonds, platinum, gold, silver, and luxury watches. Cash can also be borrowed against ruby, pearl, sapphire, emerald set pieces, chains, necklaces, bangles, bracelets, rings, earrings, lockets, pendants, charms, cufflinks, brooches, and broken or damaged jewellery.

So, if you require quick cash and your credit score is affecting your chances of getting the credit you need, you can visit the nearest shop to pawn your assets. Provide your assets as collateral and in return,  receive cash for your items.

People usually pawn their engagement, wedding or fashion jewellery and loan money against it based on the value of that jewellery in secondary markets. It doesn’t matter why you need the money, and the shops don’t ask questions unless they reserve the right to do so if the situation warrants it.

Some jewellery has been pawned in the past, and as examples, a diamond bracelet received an R70K loan offer, a diamond pendant received an R225K loan offer, and a diamond ring received a loan offer of R95K. It’s best to provide an independent valuation of the jewellery, to base the loan offer on. It’s a safe way to get the offer you deserve for your valuables.

How does it work?

It’s a safe and secure process and lets you walk out with the cash. All you need to do is take the items along with your original identity document or smart card, and proof that you’re the owner like a receipt. Then, a discussion about the loan amount needed against the jewellery takes place. The items get tested and evaluated, and as part of the process, the weight of the precious metal, and the quantity and quality of the stones are determined. From expert opinion, a short-term loan is provided aligned with the National Credit Act (NCA), ensuring ethical and legal loan practices. If you choose to accept the offer, you’ll get the cash immediately.

No complicated paperwork, credit committee, and no need for proof of income are involved. All your valuables are stored securely for the duration of the loan. Total repayment (loan amount and interest) is usually due on the same day of the next month, or as negotiated.  If the due date is met, your jewellery is returned in the same condition you brought it in. if the due date is not met, the jewellery will be sold to reinstate the store’s capital that you borrowed.


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