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Our
Terms
- We
provide instant collateral loans from $10.00
and up
- All
loans are a maximum of 2 months with renewable
terms
- Cash
or Interac are acceptable repayment methods
Loan
Policy
| KeyLargo
Jewellery & Loans Ltd. provides
small collateral loans that most financial
institutions find too expensive to make.
A collateral loan, also know as a pawn loan,
is one where the licensed pawnbroker takes
possession of the personal property for
the duration of the loan. the pawn loan
differs from an unsecured loan such as a
credit card of signature loan. Credit cards
and signature loans are provided to the
borrower based on statistical ability to
repay any credit advanced. with a pawn loan,
however, the borrower is not required to
repay the money borrowed, although most
do. The amount borrowed is totally secured
by the property left as collateral with
the pawnbroker. |
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The
borrower and the pawnbroker both know upfront
what value can be gained or lost if the loan
goes unpaid. The loan amount is negotiated between
the borrower and the pawnbroker and if agreed
upon, a contract will be mad between the two
parties.
When
both parties are in agreement, the contract
will be executed. When the borrower returns
and repays the loan and any additional fees
due, within predetermined time limits, the property
will be returned to the owner.
If
you have additional questions, please click
here to visit our Frequently
Asked Questions page. We are always looking
for ways to better serve you.
Thank
you for your interest in KeyLargo
Jewellery & Loans Ltd.
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