Your Trusted Partner for
Gold and Jewelry Loans
in Pittsburgh

Yes, you can borrow against your jewelry as an asset.

We have an easy application process, resulting in quick cash on your pawn loan.

Visit the best option for collateral loans on your fine jewelry, diamonds, and gold.

What is a Pawn Loan?

A pawn loan or luxury asset loan is essentially a collateral loan where you supply your luxury item as security for your loan.

At Broff’s Diamond and Loan Co., we carefully evaluate your jewelry, diamonds, or gold to secure your loan.

When the loan is repaid, you will promptly receive your asset back.

This pawn loan process is simple, easy, and straightforward.

Get a Quick Pawn Loan - Pittsburgh PA

When financial needs arise, Broff’s Diamond & Loan is here to provide fast and secure loans that you can rely on.

As a trusted pawnbroker in Pittsburgh, Pennsylvania, we offer comprehensive loan services on valuable items.

This ensures that you can access cash quickly and confidently.

Benefits of Choosing a Pawn Loan

Pawn loans offer a fast, non-recourse way to borrow money without the need for a credit check. This means that if you are unable to repay the loan, there is no impact on your credit history.

Additionally, you retain ownership of your valuable items and can retrieve them as soon as the loan is repaid.

Broff’s Promise for Your Pawn Loan

Trusted Expertise

Industry-Compliant Practices

Confidential Transactions

Simple and Easy Process

A Loan Process Faster than the Bank

No Credit Checks

a collateral loan from Broff’s….

makes sense

Diamond and Jewelry Collateral Loans

Diamond and jewelry loans allow you the opportunity to leverage the value of your luxury item, while still maintaining ownership.

This means that you do not need to permanently part with that sentimental piece of jewelry, or that exceptional diamond.

Our diamond and jewelry loans offer:

Whether you need a short-term cash solution or you want to leverage the value of your jewelry, Broff’s Diamond & Loan Co. offers:

Expert Appraisers
This is because our team includes experienced gemologists and jewelers. Thus, they are exceptionally qualified to provide an accurate value for your diamonds.

Luxury Jewelry Focus
Because we specialize in luxury goods, we understand the true value of high-end jewelry. As a result, we offer fair loan amounts accordingly.

Hassle-Free Process
Our pawn process is easy because we require no credit checks or financial documentation. To be assisted, simply bring your jewelry, receive an appraisal, and get a loan offer within minutes.

Safe Storage
Your items are securely stored during the loan period. Subsequently, they are returned to you in pristine condition once your jewelry loan is paid in full.

Jewelry we loan on

Diamonds
Engagement rings
Gold
Platinum
Luxury watches
Other fine jewelry items

Loans on Gold

At Broff’s Diamond and Co., we give loand for gold. These loan amounts are 100% influenced by the current market-value of gold.

What is a gold loan?

When you need fast access to funds but don’t want to sell your gold, Broff’s Diamond & Loan offers flexible, gold-backed loan services.

This loan approach allows you to leverage gold’s value, by offering it as loan collateral, while still maintaining ownership.

What Gold do you Loan On?

We accept gold in various forms. These forms include jewelry, gold bars, bullion, and more.

Our experts will determine the value of the gold on the spot and supply you with a loan quotation.

We offer the best amount the market will allow, based on the gold spot price, at favorable repayment terms.

We pride ourselves on our fair-value loans at a low interest rate.

Our process is quick and transparent.

Get a watch loan

From Cartier to Breitling, get an industry-best collateral loan on various luxury watch brands.

At Broff’s Diamond & Loan, we understand that your luxury watch is not just a timepiece; it’s a statement of style and value.

Therefore, whether you own a Rolex, Patek Philippe, Breitling, Audemars Piguet, or another high-end brand, your watch can be the key to securing a fast and confidential loan.

Located in the heart of Pittsburgh, Pennsylvania, Broff’s Diamond & Loan provides a simple and discreet way to access the funds you need. This is achieved through our hassle-free loan application process.

Here are some of the most frequent brands that allows you to
borrow against your watch:

Breitling
Omega
Cartier

Panerai
Tag Heuer
Rolex

Patek Philippe
Audemans Piguet
Omega

We accept new, or pre-owned watches as loan collateral. However, the value of the loan is based on the real-time market value of your luxury item.

FAQ

We answer questions about loans on Rolex watches

What Types of Rolex Watches Can You Loan On?

Whether your watch is new, old, or pre-owned, we provide loans on all Rolex watch types. Our process is straightforward and convenient. As a result, when you bring or send your watch in for inspection, we quickly and accurately assess its current market value and provide a quote. Upon approval of the quote, we pay you immediately.

What are the benefits of getting a loan secured against your Rolex watch?

Currently, there is a high global demand for pre-owned Rolex watches. Because of this, you can borrow substantial amounts against your Rolex watch. In some cases, the loan secured on a Rolex can be even larger than the initial purchase price of the watch.

By securing a loan against your Rolex watch, you will receive a lower interest rate than a traditional bank. Additionally, a loan will save you money compared to selling your Rolex watch now and buying another one in the future.

By securing a loan against your Rolex watch, you are not subject to any credit inquiry or income verification. Unlike an unsecured loan, a secured loan with us on your Rolex watch will not affect your credit score.

How has Broff’s Diamond & Loan Co. become the #1 Rolex equity lender in the Pittsburgh area?

With over 90 years in the industry, we have gained exceptional ability to inspect and evaluate watches. As a result, our industry experts have all the required tools and knowledge to get you the best loan available for your Rolex.

Which Rolex models do we most often secure loans on?

Rolex Submariner
Rolex Sea-Dweller
Rolex Deepsea
Rolex GMT-Master & GMT-Master II
Rolex Day-Date (President) & Day-Date II
Rolex Datejust & Datejust II
Rolex Cosmograph Daytona
Rolex Yacht-Master & Yacht-Master II
Rolex Explorer & Explorer II
Rolex Air-King

Rolex Milgauss
Rolex Pearlmaster
Rolex Cellini
Rolex Sky-Dweller
Rolex Oyster Perpetual
Rolex Oyster Perpetual Date
Rolex Oysterquartz

What Are Other Factors That Affect A Rolex Watch’s Value?

Should your Rolex have any of the following characteristics, it can add value to a Rolex watch:

Specific Documentation: original receipts, warranty card/papers
Original packaging or the box it came in

How Does Broff’s Handle Valuations of Discontinued Rolex Models?

Broff’s buys and sells luxury watches from various brands, including models discontinued from production.

Certain discontinued watches have become highly sought after. Some of these watches include the Kermit (50th-anniversary edition) and the Rolex Submariner Hulk, known for their distinctive green dial and ceramic bezel.

Regulatory Compliance and Oversight

At Broff’s Diamond & Loan, we operate in full compliance with Pennsylvania’s Department of Banking and Securities guidelines.

Additionally, we also follow the federal Truth in Lending Act (TILA) to ensure that loan terms and interest rates are clearly disclosed to you.

As a result, our practices are regularly reviewed to meet the high standards set by:

The National Pawnbrokers Association (NPA): Advocating best practices and ethical behavior in the pawnbroking industry.
The Pennsylvania Department of Banking and Securities: Supervising lending practices to protect consumers.

REpayment terms

Here is more best pawn loan evidence

All of our quick cash pawn loans are for six months, but you can pay them off as early as you’d like.

Additionally, we charge a state-regulated 3% per month.

That’s just $3 for every $100 loaned.

Pawn Loan FAQs

At Broff’s Diamond and Loan, we want our clients to feel informed.

Therefore, we want them to have access to the most accurate information when making decisions.

As a result, we have therefore answered some of the questions that we receive most frequently.

How is my jewelry, diamond, gold or watch’s value determined?

Our expert appraisers assess current market value based on factors such as condition, rarity, and demand, ensuring a fair loan amount.

How long does the average evaluation on watches, gold, and jewelry take?

Most consultations are completed within 15 minutes.

However, more extensive evaluations for luxury watches or diamond engagement rings may take longer.

Still, we strive to balance thoroughness with serving our customers as quickly as possible.

Do you consider broken watches and jewelry pieces for collateral loans?

We do take jewelry in broken condition.

Thus, any damage to the pieces is noted on the ticket you would receive and is photographed as part of your file.

However, we do not accept damaged watches. The reason being that we cannot guarantee or predict that a piece can be repaired if you forfeit the item.

As a result, you cannot use a damaged watch as collateral.

What is the biggest loan I can get on my watch, jewelry, diamonds, or gold?

The value of the loan we can offer is entirely based on the value of the items that you bring to us as collateral.

Nevertheless, our loan minimum is $300, but we can loan up to $100,000.

How much interest does Broff's Diamond and Loan charge on a loan?

By law in Pennsylvania, we can only charge 3% per month at a fixed rate.

So, if you borrow $1000 against your jewelry, we charge you $30 per month that your pieces are with us.

Our rate is better than a bank loan or credit card and doesn’t require a credit check.

In some cases, our fees are even lower than the cost of renting a safety deposit box.

How long are your loans for?

Our loans have a six-month term.

However, you only pay for the months you use.

For instance, if you bring your pieces to us for a loan and return after one month to pick them up, you would only owe one month of interest. This is in addition to the loan principal.

Do I need perfect credit to get a loan?

No, we do not require credit checks. Your loan is secured solely by the value of your item.

Do I have to make a monthly payment?

No, there is no minimum monthly payment on our loans.

While a monthly interest fee is added to your balance, there is no required payment. You only need to pay when you want to pick up your items or renew the loan for another six months.

You are welcome to pay whenever you like without penalty, but you are only required to pay at pickup or renewal.

Do you accept credit cards or debit cards for loan payments?

No. We only accept cash, money orders, or cashier’s checks as payment for loans.

Can I mail in my loan payment?

Yes, you can mail your payment to us.

First, please call the store at 412-566-1728 to verify your payment amount before sending anything.

Subsequently, this call ensures you don’t accidentally send a partial payment. This can happen if your monthly maturity date falls between when you mail the payment and when we receive it.

Once you have the correct amount, please include your yellow pawn ticket and the money order.

Make the money order out to: BDL Acquisitions or Broff’s.

Upon receiving your payment, we will process it and mail a new yellow pawn ticket back to you.

Can I check my loan balance or pay online?

Unfortunately, we don’t have our database of loans accessible online.

Subsequently, to pay on a loan with us are to come to our store in person or mail in the payment.

Can I retrieve my jewelry if I repay the loan early?

Yes, once the loan is fully repaid, your jewelry will be returned in the same condition.

Can someone else pick up my loan items for me once my debt is settled?

If you want to send someone else to pick up your items, we are happy to accommodate you.

The person you send must bring your yellow pawn ticket to retrieve your items.

We take the security and privacy of our clients very seriously.

For this reason, no one can pick up items without a yellow pawn ticket.

However, the owner of the loan account can redeem the loan with just a state-issued identification card.

What happens if I can’t repay my loan?

If you are unable to repay the loan within the agreed period, your gold may be forfeited. However, your credit score will not be affected as pawn loans are non-recourse.