The History
of Coughlans
The History
Our Story
Coughlans Jewellers (PTY) Ltd was established in 1910 by L.C. Coughlan. The first store was located at 100 Grey Street in Durban, Kwa-Zulu Natal. Initially Coughlans provided cash for individuals through the purchasing of their Gold and Diamonds. After seeing a need for lending, Coughlans branched into cash loans using Gold & Gold Jewellery as collateral. As it grew, the company relocated to West Street where it continued to serve the greater Durban communities. Over time Coughlans has adapted to change as well as extended its loan services. All the while continuing to uphold the basic principles of a family run business.
Coughlans uses Gold & Gold Jewellery, already owned by customers, as collateral. Therefore, there is no need for credit checks, reviewing employment history or bank statements. Which means that approval for cash loans is expedited and customers can receive loans within as little as 15 minutes of an in-store application. Additionally, the risk to individuals and businesses is substantially less than with other loan structures. This enables Coughlans to offer customers tailored loan packages with easy loan terms. These give customers the option to redeem their loans in full, repay over three months, with the possibility to extend for another three months, or pay fees to decrease the capital amount. As a result, Coughlans has a 90% redemption rate on pledged items. Coughlan’s also offer customers the option to exchange their Gold & Gold Jewellery for cash.
Coughlans is flexible and committed to finding Individualised Cash Solutions when People need them most
Throughout the years, by creating opportunities through existing assets, Coughlans has continued to support families in times of financial crisis. . As a result, Coughlans has assisted many families through unforeseen emergencies. Helped to bridge the gap for payment of school and university fees, as well as purchase household necessities.
Coughlans success at meeting communities’ financial needs has led to the opening of three stores. They are currently located within the greater Durban, Kwa-Zulu Natal, area in Chatsworth, Phoenix and Overport. Through these, Coughlans has serviced an increasingly diverse customer base, which includes business owner’s requiring start-up or bridging capital and emergency funding.
Most recently, Coughlans has launched a mobile loans service. Customers using this service can request an appraiser to visit them and value their Gold & Gold Jewellery. After which, they are offered an individualised loan agreement.
Coughlan’s believes in fair and legitimate lending practices. As such, Coughlans is a registered service provider in terms of the National Credit Regulator (NCR). The company is fully compliant with the legal requirements of all relevant legislation outlined by the National Credit Act, Second- hand Goods Act and other legal frameworks.
Our Services
Find Your Cash Solutions using Gold & Gold Jewellery
