Chapes-JPL is a fully licensed and insured money lender, operating from 3355 Lenox Rd. NE #875, Atlanta, Georgia, 30326. Below is a detailed list of FAQ and our policities in regards to lending and collateral assets.
Q: What will the monthly payment be on my loan?
A: Your minimum monthly loan payment will consist of interest, security, storage, and insurance fees. This amount will depend on the total amount borrowed as well as the type and value of asset used as collateral, with rates as low as 2.5%. Annual Percentage Rate (APR) as low as 2.5%.
Q: Is there a minimum or maximum loan period?
A: Chapes-JPL offers 30 day loans that can be extended for as many 30 day periods as the client needs. There is no maximum loan period. There is no minimum loan period, as our loans can be paid off in full at any time without penalty. What sets us apart from many of our competitors is the option to pay the loan down in increments as opposed to one lump sum payment. Any amount paid each month above the "monthly rate" will go towards reducing the principal balance therefore reducing your minimum monthly payment. This means our clients can take as little or as long as they need to repay the loan. You have the freedom to structure your monthly payments in any way that best fits your needs and financial situation.
Q: Does Chapes-JPL conduct credit checks?
A: No. Chapes-JPL does not conduct credit checks or employment verification. The value and terms of each loan is solely based on the assets you pledge as collateral.
Q: Where will my assets be stored?
A: All assets are stored on site in one of our state-of-the-art, alarm protected, 24-hour security monitored, fireproof vaults. Your items are also fully insured for their full replacement value while in our custody.
Q: How do you determine the value of my item?
A: Our typical LTV (loan-to-value) ratio is 65% – 75% of the estimated liquid wholesale value of your asset. For example, say you purchased a diamond from a competitively priced retail store for $6,000. The wholesale value would likely be somewhere in the area of $4,500. We would then loan 75% of that value, meaning your loan amount would be approximately $3,375.
Step 1: Get a Quote
Fill out our free and simple form describing the item you wish to sell or use as collateral for a loan. After reviewing your submission, our team of expert jewelers will contact you with an initial quote, usually within one business day. Our expertise lies in large diamonds, luxury watches, precious metals, and fine jewelry.
Step 2: Receive Cash
Once your item has been evaluated, we will contact you with our official offer and arrange for an immediate payment. Don't like our offer? No worries! You can decline the offer and keep your item. No risk. No obligation.