On your side since 1894
The Provident Loan Society was created in response to the financial panic of 1893 when there were very few social and government agencies to help the needy.
Pawnbrokers, with a long history in Europe, flourished at this time in New York City, however, with unsavory reputations. Pawnbrokers required borrowers to pay extreme rates of interest on short term loans. A group of the City’s business leaders and financiers saw an urgent need to create an alternative to unscrupulous pawnbrokers.
These dignitaries were determined to establish a not-for-profit organization dedicated to providing low-interest short term loans to individuals upon pledge of property.
Apply online for a collateral loan, visit one of Provident Loan Society New York locations or call Provident Loan toll free at 1-800-757-7296.