SAMPLE OF OUR  PAWN INTEREST                     

BORROW                     TOTAL 90 DAY LOAN       

For 90 Days                 INTEREST AND FEES    

$40.00                             $11.00  

$100.00                           $17.50    

$200.00                           $20.00

$500.00                           $45.00             GOLD  Buy&Sell

$700.00                           $55.00            COINS   or LOAN

$1000.00                         $83.00

$2000.00                         $130.00

$2400.00                         $150.00   

                              

 & BROKEN JEWELRY

EVER WONDER HOW A PAWNSHOP LOAN WORKS?

Our pawn loans are regulated by the State of California. The law requires that a loan be held by shops for a minimum of four months, plus a 10 day grace period. This means you can pick up your item anytime within that period (the next day if you want). Santa Barbara Loan and Jewelry further works with our customers and will let you pay just the interest on your loan at the end of the four months, and can give you another four months (just like a brand new loan).  If you are out of the area and can't get in, someone else can renew the loan and in many cases we will allow you to renew with a casher check by mail.

The interest and account fees are set by state law and depend on the amount of the loan. No payments are required until you pickup or renew your loan.

To answer a couple of questions: We do not show your item or display it. We will not play with it, wear it, or use it. Nor will we allow anyone else to touch it. We will not sell an item any time within the loan period.

By law your transaction is confidential.  You just bring in your item or items (you can have as many loans as you need).  We will evaluate the item and tell you if we can loan on it and how much we can allow.  Then you can say YES or NO and it didn't cost you a thing.