Term Loan frequently asked questions

How much money can I borrow?

The answer to this question depends entirely on the value we determine for your gold and diamond jewellery. We evaluate your items exactly as if we were buying them from you, which means we are assessing the ‘melt value’ and not the resale value. So, if you bring in $500 worth of gold, we’ll loan you up to $500, and if you bring in $5,000 worth, you can borrow up to $5,000.

How long can I keep a loan?

As long as your monthly interest payments are made, you may take as long as you need to pay back the initial loan amount. For two months or two years… we’ll keep your jewellery safe and secure. If we do not receive payments for 4 consecutive months, and are unable to contact you to make arrangements, then your jewellery becomes eligible for liquidation and may not be recoverable.

How do I make interest payments?

You can make your payments in person at our location, through the mail by cash or by cheque. We also accept E-Transfer payments. We look to make the experience as simple for our customers as we can.

Can I put up anything else as collateral?

At Unique, we are only qualified to evaluate jewellery items. We are not a full-service pawn shop and cannot offer loans against consumer electronics, vehicles, real estate, etc.

If you have any questions not answered here, you are invited to give us a call at 514-281-6551, or get in touch using our contact page.