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What is the interest on pawn loans?

Time: 2014-03-25         Source: melt 360 original         Author: Chen Li

Pawn loans as a supplement to the bank, most of the faces can not be metBank loan termsOr the pursuit of the speed of the crowd, so become the eyes of the public "civilians" banks. However, after all, the pawn is not a financial institution, the risk of lending large and regardless of whether the free money is limited, these factors can not be ignored whether the pawn line of interest is much higher than the bank?

It is understood that pawn charges are generally divided into two parts, one is based on the loan interest rate interest rate charged; in addition to the monthly management fee, the maximum does not exceed 4.2%.

However, the collection of different types of goods (quality) of the monthly management fee fees are also different, can be divided into three categories: cars, antique, jewelry and other movable propertyPledge, The maximum monthly management fee shall not exceed 4.2%; shops, residential, office and other real estate mortgage, the maximum shall not exceed 2.7%; shares, bonds and other property rights pledge, the maximum shall not exceed 2.4%.

Although the pawns of the charges were significantly higher than the bank, but many pawns or give the borrower "breathing space", did not meet the standard ceiling. For example, Vanguard International pawn shops and vehiclesMortgage, Respectively, in accordance with 2.5% and 4.0% of the monthly management fee, the monthly rate of 0% of the standard interest rate. Can be seen in the scope of fees, the pawn shops have their own set of pricing system, the borrower may wish to shop around.

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