NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) — The non-profit lending organization The Provident Loan Society of New York continues to promote a 0% interest loan offer to help consumers in need of money fast as they get back on track after the pandemic.
As part of the Provident Loan Society’s interest-free loan offer, new customers can use their collateral such as gold, silver or fine jewelry to borrow money for any unexpected expenses in lieu of borrow against credit cards or personal loans from banks.
Provident Loan Society President John Higney said, “This free interest program has been designed to help consumers who may need cash quickly for unexpected expenses the pandemic has brought about, including rent, credit card debts, etc.
“It’s harder for consumers to get out of debt when they continue to borrow money from their credit card or take out personal loans from a bank. Consumers don’t realize that “A loan from the Provident Loan Society doesn’t impact their credit score and is more affordable than many credit card offers,” Higney said.
How to take advantage of interest-free loans with the Provident Loan Society
There are several ways for consumers to borrow money from the Provident Loan Society of New York.
Consumers can visit any of their five New York locations and borrow in person against their collateral items. Jewels or collateral objects are appraised on site and cash is given on site. This loan process usually takes about 20 minutes to complete in person.
Out-of-state consumers can also borrow money from the Provident Loan Society by completing its online form. Once PLS receives customer information, a member of their expert team will assess the items and contact them promptly to discuss their best options. Items eligible for loans include diamond jewelry, gold jewelry, gold coins (for gold content only), watches, and silverware.
New Yorkers can find out how much a loan from Provident Loan Society will cost before they even walk through the door. The loan calculator will give consumers an estimate of the cost of a loan, including fees and interest rates.
As the nation’s only nonprofit pawnshop, Provident Loan Society’s interest rates are comparable to credit card rates, but typically half the cost of most commercial pawnbrokers. The Provident Loan Society only charges 2.167% per month, while a traditional pawnbroker might charge 4% for the same loan.
About the Provident Loan Society of New York
The Provident Loan Society of New York is a nonprofit lending organization that offers fast, secured loans on gold and diamond jewelry, fine watches, and silverware. The Provident Loan Society has five branches in Manhattan, Queens, Brooklyn and the Bronx. The process of getting a loan usually takes about 20 minutes in person and the money is given to you on the spot.
Email: [email protected]
Image 1: Provident Loan Company Logo
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