Our business provides collateral loans.
Please see the below section about the items we usually take.
Provide one piece of the government-issued ID with the photo (Passport, Driver's Licence, Medical).
We need to see the item to give an estimate on it.
The loan term is 3 months (90 days) + 3 days Grace period.
A client has the right to pick up the ticket back anytime before the expiration date.
What we usually take?
Jewelry made of precious metals (gold, silver).
We don't deal with gem stones, jade, pearls nor diamonds.
Swiss made watches. Mainstream high-end brands like Rolex, Omega, Cartier, etc.
We don't deal with designer's brands at all (Armani, Gucci, M. Kors, NIXON, Fossil, Armani, etc), and entry-level Swiss made (Tissot, Rado, Movado, Tag Heuer).
Commercial grade power tools in excellent working and cosmetic condition. Brands: Milwaukee, Makita, Dewalt, Stihl, Husqvarna, Honda Generators and water pumps, Snap-on / Blue-Point tools, Mac Tools Power tools.
Latest electronics in good working and cosmetic condition with chargers. Digital SLR Cameras, Mirrorless Cameras, Digital camcorders, laptops (Windows OS - 1 years old, MacBooks - 3 years old), Apple iPads - 2-3 years old, PlayStation 5, High-end Digital and Action cameras with the Brand names, Bluetooth speakers (Bose, JBL, UE)
We don't deal with phones, Microsoft Surface, Android tablets, Chromebooks, Home Stereo.
Musical instruments. The guitars specifically manufactured in USA or Japan only. Other instruments - please contact for each specific unit.
Understanding loans?
Client brings the item and leave it with us as the collateral for the cash we provide.
The collateral remain in our possession until the full payment of the financed amount including interest fee is made.
If the payment not made by the due date, the collateral shall become our property without any further notice.
You agree to pay the financed amount in full including the interest fees and the collateral shall be returned to you.
Length of all loans:
The initial period is 3 months. Example: the loan made on March 01, 20xx, then initial expiry date be on June 01, 20xx.
Renewal:
Must be done before the expiration date. It can be done in person or via e-transfer. We accept cash, debit, certified cheques/money orders, e-transfer. Please call prior to send the Interact/e-transfer payment to receive the instructions. We don't take credit nor pre-paid credit cards payments.
Expiration date:
Three days of grace period after expiration date. Give us a call or contact us, so we can add more time up-to one week. This additional extension will cost you one month interest.
Interest:
The interest is charged monthly from the loan's open date. We charge 10% for jewelry and gold watches, and the 20% on the rest of the items.
Calculation of the interest:
There are 2 business days grace period after expiry date for calculating the interest.