Pawnshop mortgage is a barter transaction, that is, mortgage your valuables to the pawnshop, and the pawnshop will pay a certain amount of money, and the borrower can get back his property after paying off the principal and interest within the specified time. Below, let's learn more about the operation steps of pawn shop mortgage.
First, choose a reliable pawnshop
When choosing a pawnshop, you need to pay attention to the following points:
1. Know the credibility of pawn shops: You can know the credibility of pawn shops through online search and friend recommendation, and choose a pawn shop with good credibility and good service.
2. Understand the charging standards of pawn shops: Different pawn shops have different charging standards. We need to understand the charging standards of pawn shops to avoid being charged high interest and service fees.
3. Understand the transaction process of the pawnshop: When choosing a pawnshop, we need to understand the transaction process of the pawnshop, including the types, valuation and custody of the collateral.
Second, prepare mortgage items.
When preparing mortgage items, we need to pay attention to the following points:
1. Choose valuables: Pawnshops only accept mortgages of valuables, such as gold and silver jewelry, watches, famous paintings and antiques.
2. Ensure that the goods are intact: Pawnshops only accept the mortgage of intact goods. If the goods are defective or damaged, the pawnbroker can refuse to accept the mortgage.
3. Provide supporting documents of goods: When mortgaging goods, we need to provide supporting documents of goods, such as purchase invoices and certificates.
Third, go through the mortgage formalities.
When handling mortgage procedures, we need to pay attention to the following points:
1. Fill in the mortgage contract: When handling the mortgage formalities, we need to fill in the mortgage contract, which should include the types, quantity, valuation, loan amount, loan term, interest, service fee and other contents of the mortgaged goods.
2. Expenses for handling mortgage procedures: When handling mortgage procedures, we need to pay certain formalities fees, including appraisal fees, storage fees and interest.
3. Keep the articles: After handling the mortgage formalities, we need to hand over the mortgaged articles to the pawnshop for safekeeping, and the pawnshop will keep and supervise the articles.
Fourth, repay the retrieved items.
We need to pay attention to the following points when returning goods:
1. Repayment on time: During the loan period, we need to pay off the principal and interest on time.
2. Provide proof of repayment: When making repayment, we need to provide proof of repayment, such as bank transfer records and cash receipts.
3. Get back the collateral: After paying off the principal and interest, we can go to the pawnshop to get back the collateral.