Secured Loans

Quick Cash Loans up to $50,000
For quick cash, you may want to present or ship one gold ring or a number of diamond articles as security for a secured loan. There is NO application for these secured loans and each office is staffed with appraisers that will make every effort to complete your entire transaction quickly, usually within 15 to 20 minutes. Secured loans are made for a period of six months. Of course, our loan appraisals are FREE and you are under NO OBLIGATION to make the loan.

Longer Term Secured Loans
Unlike most other pawnbroker loans, secured loans from Provident are good for six months. You may choose to pay only the interest and fees due at the end of the period and your secured loan will be good for another six months. You will receive a notice in the mail to advise you when the payment is due.

NO Credit Check
All secured loans are strictly confidential and there is no investigation of your credit or employment. We do require that you furnish two acceptable forms of identification. These may include such items as:

Lower Interest Charges
The interest charged on your secured loans is computed for the exact number of days your loan is in effect. Interest is charged at a rate of 2.167% per month, which is substantially below the rate permitted in New York State for this type of transaction and lower than New York pawnbrokers. A Ticket Fee [$3.00 for loans under $100.00, $5.00 on all others] and a Vault Storage Fee [2% of the amount loaned, maximum of $20.00] are charged at the time of payment.

Example:
Borrow $1,000, interest charges accrue at $21.67 per month
(a $5.00 Ticket Fee and a $20.00 Vault Storage Fee are added when the loan is paid.)

No Installment Payments
No inconvenient monthly installment payments are due. You may wish to wait for a bonus check or tax refund to reduce or redeem your loan. Provident offers secured loans that run for six months; choose a time to repay that fits your schedule. Or, simply make the payment due and extend your loan for another six months.

Collateral Sold at Public Jewelry Auctions
You are under NO OBLIGATION to repay secured loans. If you choose to abandon your collateral, it will be sold after proper notice at a competitive public jewelry auction sale. Monies received at jewelry auctions in excess of the loan's principal, interest fees and auction expenses will be returned to the borrower.

Over a Century of Not-for-Profit Service
The Provident Loan Society was formed as a not-for-profit organization by a special act of New York State.

To research secured loans, please use our loan calculator. If you need more information, please contact us, visit one of our locations or call Provident Loan toll free at 1-800-757-7296. We’re happy to help and will answer any questions you may have.