Instant Loans for Gold
If you’re looking for cash for gold, consider the option of an instant loan for gold you own. In today’s economy, many people are looking for extra cash for every day items they need. An instant cash loan for gold is an alternative that many of Empire Pawn of Nassau’s Long Island customers are finding provide them with the temporary help that they need.
If you have sentimental attachment to your gold piece, or you would like to keep it as an investment for the future, or bequeath it to your children, you don’t necessarily want to sell it. Empire Pawn of Nassau Inc. provides the lowest-interest rate loans on Long Island, with the option of no payment for up to four months. In addition, since your gold item is your collateral, there is no credit check involved.
Instant loans on gold are gaining in popularity, but above else, it is important to do business with someone you can trust. Empire Pawn of Nassau is the oldest Pawn Shop / Jewelry Buyer on Long Island, having established its loan business in 1990 after sixty years as professional jewelers. Since we are above all jewelers, we are expert at appraising fine gold jewelry, watches, coins and other fine gold items, and we will take the utmost care in appraising your gold piece.
As members of the National Pawnbrokers Association, we abide by strict regulations that protect our customers. We believe that your reasons for selling your gold are your own, and your privacy will be respected, always. Empire Pawn of Nassau, located in East Meadow, Long Island, NY, understands, and will make your experience of taking a loan on your gold pleasurable and profitable, as our loyal customers will confirm.
When you bring your gold item to Empire, it will not leave your sight throughout the appraisal process, unless and until you decide to take a loan out on your gold, or sell it. Once you receive your appraisal and the gold loan is agreed upon, you will receive an itemized pawn ticket and your cash instantly. Your item is then stored our state-of-the-art vault or in a bank vault depending on its value, for safe keeping throughout the duration of the loan. Once it is repaid, you’ll receive your property back in pristine condition. When you take a loan on your gold, it is important to follow the terms set forth in the loan agreement, otherwise the collateral then becomes the property of the pawn broker. To view Empire’s loan terms, click here.
Our mission is to provide professional, trustworthy and courteous service that you will always remember so you will think of us again, whenever you need a loan on gold or another item such as estate jewelry, watches, diamonds, silver, or other precious metals or fine items.
Loan Terms: Minimum and maximum period for repayment: All Empire Pawn loans are for a period of 4 months unless the customer picks up their loan sooner, and is renewable for an additional 4 months if the customer pays the interest due for the first 4 months. Here are two examples of loans, their terms (period of loan in months) and their corresponding interest rates:
- $100 borrowed for 1 month: Payback in 1 month is $116 including interest and fees. Annual interest rate including interest and fees is 192%
- $100 borrowed for 4 months: Payback in 4 months is $128 including interest and fees. Annual interest rate including interest and fees is 84%
- $1,000 borrowed for 1 month: Payback in 1 month is $1,080 including interest and fees. Annual interest rate including interest and fees is 96%
- $1,000 borrowed for 4 months: Payback in 4 months is $1,200 including interest and fees. Annual interest rate including interest and fees is 60%
Maximum fees are set by New York State. For a sample loan, click here.
Please feel free to contact us with any questions.
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