as seen| € | Euro | Reserve Now | |
| $ | USD | Reserve Now | |
| *only available when reserved online and collected in store. | |||
Luxury Loans
Watches
Raise the finance you need without having to part with your items. Pickwick Jewellers and Pawnbrokers offer competitive loans against luxury and designer pre-owned watches
your loan
is instant
is clear and straightforward
| 1 | Leave an item of value with us as security and agree your loan amount |
| 2 | Sign your loan agreement |
| 3 | Receive your cash - or have the funds wired directly to your bank account (available within 2 hours) |
| 4 | Repay anytime you want within 7 months and collect your goods |
What will the loan cost me?
We offer 7 month cash loans secured against items of value. Please note you can redeem your item at any time from day 1 to month 7. Take a look below at our Representative Example. Sums from £5 to £50,000 available.
| Amount of credit | Period | Total amount payable |
Monthly Interest Rate |
| £300 | 7 months | £510.00 | 10% (fixed) |
| Representative 148.3% APR (fixed) | |||
Our loans tend to be fairly small sums for short periods of time - though we can make loans up to £50,000 and you have a full 7-months term. You can repay your loan at any time during the term - the shorter time you have the loan the cheaper it is for you. For example, if you borrow £100 for 5 weeks at 10% monthly interest you will repay just £115.02(APR 148.3% (fixed).
| Amount of credit | Period | Total amount payable | Monthly Interest Rate | |
| £600 | 5 weeks | £678.51 | APR 122.4% (fixed) | 8.49% (fixed) |
| £600 | 15 weeks | £791.25 | APR 122.4% (fixed) | 8.49% (fixed) |
| Amount of credit | Period | Total amount payable | Monthly Interest Rate | |
| £2,500 | 5 weeks | £2,742.19 | APR 82.4% (fixed) | 6% (fixed) |
| £2,500 | 15 weeks | £3,078.19 | APR 82.4% (fixed) | 6% (fixed) |
| Loan Value | Interest charge (simple monthly fixed) | APR% (fixed) |
| £1 - £499 | 10.00% | 149.3 |
| £500 - £1,999 | 8.49% | 122.4 |
| £2,000 – £4,999 | 6.00% | 82.4 |
| £5,000 - £9,999 | 5.00% | 67.2 |
| £10,000 and upwards | 4.00% | 52.6 |
| 1 | Loans from £5 to £50,000 |
| 2 | You only pay for the number of days you have the loan |
| 3 | All loans available for up to 7 months |
| 4 | All loans are renewable (but we would encourage you to repay at least 10% of your loan at the same time where you are able to) |
| 5 | Property never becomes Pickwick Jewellers and Pawnbrokers - if you choose not to repay, when the property is sold, you get any surplus on the sale |
Early Repayment
You have the right to repay what you owe under this agreement early, either in full or in part. To do so you must give notice to the pawnbroker, orally or in writing, to the contact details given above and make the payment within 28 days of the notice or on or before any later date specified in the notice. The loan is for the period set out above but it can be repaid early in whole or part in which case the amount repayable (for early repayment in full) or the amount outstanding (for early repayment in part) will be calculated in accordance with any rebate due under the Consumer Credit (Early Settlement) Regulations 2004.
However, if the amount you repay early, in whole or in part, exceeds £8,000 in a single payment or a number of payments over a 12 month period, the pawnbroker may be entitled to compensation under section 95A of the Consumer Credit Act 1974 equal to the costs incurred provided that these are fair, objectively justified and do not exceed the total amount of interest you would have paid under the agreement from the date you make the payment to the date fixed under the agreement for discharge of the indebtedness.
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