A collateral loan is a secured loan wherein an asset or valuable item is used as guarantee. In case the loan defaults, the lender can take the collateral and sell it in order to recover the borrowed amount. When there’s a collateral, your chances of getting approved for a loan becomes higher, because the lender has an extra layer of guarantee that they will get the loan amount back even when you become unable to pay.
Collateral loans are one of the means to help you when you’re strapped for cash, facing an unforeseen need, or trying to keep proper financial flow in your business.
If you’re in Phoenix, the best place for a collateral loan is Biltmore Loan & Jewelry. Here’s why:
Biltmore Loan Says Yes, When the Bank Says No
Unlike other lending institutions, Biltmore Loan doesn’t look at your credit history. We would just look at the valuable item or asset you intend to use as collateral in order to determine your eligibility for the loan and how much you can borrow.
Biltmore Loan processes collateral loans in an easy, fast and convenient way. All you need to do is set up an appointment, bring in your valuables, have them appraised by our team, and receive cash immediately if your agree with the terms of the loan.
All transactions are done in a private and professional setting. You can rest assured that your details will remain confidential and you can expect excellent service provided in our plush offices in Scottsdale and Chandler.
Biltmore Loan has the Best Rates
What sets Biltmore Loan apart from banks, pawnshops, and other financial institutions is their rates. We provide the most favorable terms and rates when it comes to collateral loans and pay more for valuables sold to us.
Biltmore Loan’s goal is to help people in our different service areas get the most out of their valuables. That’s why we give the highest rates as possible for your items, whether you sell them to us or use them for a loan.
Biltmore Loan Keeps your Valuables Secure
Biltmore Loan have the expertise on valuables—from appraisal to the proper ways of safekeeping different kinds of luxury and high-value pieces.
For the duration of the loan, your collateral will be kept in a secure and safe place. You can rest assured that your asset will be in good hands and will be returned to your intact and damage-free once the loan is paid off.
The Best Collateral Loan in Phoenix
Phoenix is one of the service areas of Biltmore Loan and jewelry. It is the city’s capital and home to the Heard Museum, Desert Botanical Garden, and 200 gold courses.
If you’re in the city, don’t hesitate to set an appointment with Biltmore Loan to get the best terms and offers when it comes to collateral loans. You can also go straight to our offices in Chandler and Scottsdale to get the ball rolling as soon as possible. If you have any other inquiries regarding the loans we make and valuables we buy, please give us a call.