The not-for-profit lending organization, The Provident Loan Society of New York has announced interest-free loans for new customers who are in need of quick cash due to these difficult times. This interest-free loan can be paid back over the course of six or four months.
John Higney, President/CEO of The Provident Loan Society, says their not-for-profit board decided to offer interest-free loans for six months to help financially struggling New yorkers get back on their feet.
Borrowers only need to pay ticket and storage fees.
How to Take Advantage of The Provident Loan Society’s Interest-Free Lending Offer
To qualify for the interest-free loan, individuals must be new to our database at the time of the transaction. Customers can borrow as much as their collateral covers, up to $10,000. Consumers don’t need credit to borrow from The Provident Loan Society. They just need to provide a jewelry item as collateral.
To get started on your collateral loan, click here to get a free appraisal, call us toll-free at 1-800-757-7296, or visit one of our five New York City locations. We also offer loans to all 50 states and US territories.
Outside of New York, consumers anywhere in the United States can apply online and mail in their jewelry to borrow money from The Provident Loan Society. Once the jewelry is received, an appraiser from The Provident Loan Society will advise how much can be borrowed. Items that are eligible for loans include diamond jewelry, gold jewelry, gold coins (only for gold content), fine watches and silverware.
As the country’s only not-for-profit pawnshop, interest rates at The Provident Loan Society are typically half the cost of most commercial pawn shops. The Provident Loan Society charges 2.167 percent per month, while a traditional pawnbroker can charge 4 percent for the same loan.
About Provident Loan Society of New York
The Provident Loan Society of New York is a not-for-profit lending organization that offers quick collateral loans of up to $100,000 on gold and diamond jewelry, fine watches and silverware. The Provident Loan Society has five locations in Manhattan, Queens, Brooklyn, and the Bronx. The process of taking a loan typically takes about 20 minutes to complete in-person and cash is given to you on the spot.