FAQ – How to Get a Pawn Loan

Sterling & Knight

Jewelry & Pawn

How does the loan process work?

Many customers would like to know how our loan process functions, and what he or she will need in order to obtain some fast cash. Here are our simple requirements.

You need to bring us:

  • An item of value-Sterling & Knight Jewelry & Pawn will give out a loan on almost everything. You can bring in your gold, diamond jewelry, watches, sterling silver, objects of art or other precious collections and get an on the spot expert appraisal by our pawn experts about the value of your items based on its current value and condition. Our internal pricing department researches thousands of items so we have knowledge of what the item’s retail value was you when purchased it new, what it used to sell for, and how to determine its current condition. You can always feel good about our professionals and his or her appraisals so you know you are receiving the best price for your collateral.

  •  A valid picture ID-You must show us a valid picture ID, such as any valid state or government-issued photo ID. These include a driver’s license, a military ID, or passport. You have to be at least 18 years old in order to obtain a pawn loan.

  • Get your quick cash loan. Our process is quick and you will receive your cash in about 10 minutes. Our professionals will explain the details of your loan conditions and how to pay us back. 

  • You can also bring in your items of value for purchase, if you want some fast money but do not want to obtain a pawn loan. We buy, trade, and sell here at Sterling & Knight Jewelry & Pawn, and we will be more than happy to purchase you item of value and give you cash based on the item’s value.
If you have more questions, please call us at the numbers below, or click on this link:

We are a pawnshop or pawn shop, but we also buy gold and pay cash for your gold, we also pay cash for diamonds, we buy diamonds, we sell diamond engagement rings, diamond stud earrings, diamond and gold or platinum wedding bands and more! 

We also serve the following Areas in Chicago:

Addison, Bensenville, Berkeley, Broadview, Brookfield, Burr Ridge, Chicago, Clarendon Hills, Darien, Du Page, Elmhurst, Glen Ellyn, Downers Grove, Hinsdale, Hillside, Indian Head Park, La Grange, Lisle, Lombard, Oak Brook, Oak Brook Terrace, Riverside, Villa Park, Westchester, Western Springs, Western Suburbs and Westmont in the Greater Chicago Area!

We have two locations to serve you! We are located in:

Villa Park

109 E. St Charles Road
Villa Park, IL 60181

Hours: Monday 10 – 7:00
Tuesday – Friday 10 – 6:00
Saturday 10- 3:00 


244 E. Ogden Ave.
Suite 114 (In the Courtyard of Koshgarian Plaza)
Hinsdale, IL  60521

Hours: Monday – Friday   10 – 6:00
Saturday & Sunday by appointment.

If you refer a new customer to our store, you receive a 3% referral bonus, just like referring someone to host a Gold Party.

Please visit our website at

Thank you for your business and continued faith in our local, family owned business. We’ve had the privilege of working with wonderful customers and helping them in these troubled times. 


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