Frequently Asked Questions

What is Pawn?

A pawn is a way to get immediate cashby using items you already own as collateral. You have 4 month and 10 days (8 month and 10 days on most jewelry pawns) to reclaim your item. The difference between selling your item or pawning your item is:
Pawn: You own the item and can get it back (redeem) when you pay back the loan plus the charges.

Sell: You sell your item and can not retrieve it.

What is the minimum and maximum amount of money I can borrow?

We can offer you between $5.00 to $1 million. We review each item individually and will let you know the value.

What is the Interest Rate for my loan?
Maxferd Jewelry and Loan Beverly Hills offers loans which adhere strictly to the California Financial code. This means our loan periods and interest rates are strictly regulated by the State of California so you will never be overcharged. We offer a 4 month loan on all items which can be renewed at any time to extent your loan with us. We go even further with Jewelry Loans under $2500 by offering our customers the option to “Rollover” the loan at the end of the 4 month period without paying any interest or principal payments for an additional 4 months, therefore giving our customers up to 8 months with no payments. Currently interest rates are set by The State of California for all loans under $2500 and that rate averages to apx 3% per month on almost all loans with a processing fee that ranges from $5-$30 depending on the loan amount. If you have any questions regarding the exact amount you will pay back we are happy to help. Just give us a call and we can go over the exact details of any loan you may need. But don’t forget we also give a promotion rate of 0-1% for first time customers. Again, give us a call to discuss the details.
What can I pawn or sell?

Jewelry
Broken jewelry
Fine watches
Precious metals & coins
Loose diamonds & precious gemstones
High end DLSR cameras & equipment
Apple Products
Lap tops and computers
Musical instruments
Certain collectibles Lalique, Lladro& certified art
Luxury handbags
Cars, Boats, Rv, Airplanes.
Art

How long do I have to pay off my loan?

You have 4 month and 10 days (8 month and 10 days on most jewelry pawns) to reclaim your item.

Do I have to make monthly payments?

No, no monthly payments. If you pawn an item with us, the amount is due when you redeem your loan. You can utilize the whole term or redeem before the end of the the term No prepayment penalties.

Do you provide insurance?

Your item is fully insured for the amount of the loan.