Loan Extension Policy and Benefits
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Extending Your Jewelry Loan
Follow these simple steps to extend your loan for an additional 30 days and keep your jewelry/items secure.
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Step 1: Visit Stein's Jewelry & Loan
Bring your valid ID and loan agreement to our store before your current loan expires.
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Step 2: Pay the Interest Fee
Settle the interest amount due to activate your 30-day loan extension without hassle. Cash only. No credit card, money order or check will be excepted.
Interest Payments Explained
When you extend your loan, only the interest accrued during the initial 30-day period is due. This payment keeps your loan active without reducing the principal amount. Must pay in cash. No credit cards or debit cards excepted for payments.
How Interest is Calculated
Interest is calculated based on the loan amount and the agreed rate. Paying this interest on time allows you to extend your loan for another 30 days without additional fees.
Extension Process
To extend your loan, visit Stein’s Jewelry & Loan before your loan expires, pay the interest amount, and receive a new 30-day loan period.
Transparent Terms
We ensure clear communication about all interest charges and extension policies so you can manage your loan confidently and avoid surprises.
Loan Extension FAQs
How do I extend my loan for another 30 days?
To extend your loan, visit Stein's Jewelry & Loan before your current loan expires. Pay the interest due on your loan, and we will renew it for an additional 30 days without requiring a new appraisal or paperwork.
What interest rates apply during the extension period?
The interest rate remains the same as your original loan agreement. You only need to pay the accrued interest for the 30-day extension to keep your loan active.
Can I extend my loan multiple times?
Yes, you can extend your loan multiple times by paying the interest each time before the loan expires. This allows you to keep your jewelry/item pawned without redeeming it immediately.
What happens if I don’t extend my loan on time?
If you do not pay the interest or extend your loan within the 30-day period, your loan will default. At that point, Stein's Jewelry & Loan may take possession of the jewelry to recover the loan amount.
