How much does it cost?

We believe in transparency and simplicity in our pricing. On the page How much does a loan cost we explain our pricing structure and reasoning. You can always repay your loan at any time. Simply pay the interest for the actual days the loan is outstanding and the principal owed and we will immediately ship you back your goods (fully insured of course).

 

What is the minimum and maximum loan size?

The minimum loan size is $1. The maximum loan size is $1,000,000.

 

How do I know my asset is safe at all times?

Trust and security are two critical pillars of DJL. From the moment your asset leaves your hand until the moment it is returned safely to you it is fully insured. Once we receive your asset, it is always under 24 hour camera surveillance and gets stored in a fully secure, monitored, fire proof facility.

 

What happens if I miss an interest payment or don’t pay back the principal?

No worries. If you want us to, we’ll work with you to set up a repayment plan. If you don’t want to pay back the loan, no problem. We’ll manage the sale process of the asset on your behalf. No hard feelings. We’ll never report anything to any credit agencies and never nag you to collect the principal. No one will even need to know. You go your merry way and we’ll be there for you the next time you want to borrow from DJL.

 

How do I receive the cash and how do I pay the interest and principal back?

Our loans are processed exclusively using cash or a company cheque. Your money is given to you on the spot. Interest payments can be made in store or via our convenient on line payment option. At the end of the loan period, we’ll send you a quick note reminding you that your loan is coming due. At that time you can either come in to DJL and pay the principal amount or arrange for a loan extension.

 

What do you lend against?

We lend against the following: 

Jewelry : rings, bracelets, earrings, necklaces, tie pins, ankle bracelets, nose piercings

Watches : high end watches (such as Rolex, Patek Phillipe, Piaget, Cartier), antique pocket watches

Precious metals : bullion, gold/silver coins, silver bars, loose diamonds

 

Will my credit rating be affected?

Never. Absolutely not. We don’t do credit or background checks and don’t report anything to credit agencies.