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What is the interest of the pawn loan?

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

Pawnbroking loans are supplemented by banks, most of them are unable to meetBank loan conditionsOr people who are pursuing the speed of payment, it has become the "civilian" bank in the eyes of the public. However, the pawnshop is not a financial institution after all. There is a high risk of lending, and free funds are limited. Will these non-negligible factors lead to a significantly higher interest rate of pawn shops than banks?

It is understood that charges for pawnshops are generally divided into two parts. The first is the interest rate charged on the basis of the loan interest rate; the other is the monthly comprehensive management fee, with the maximum not exceeding 4.2%.

However, as far as things are concerned, the charge standards for comprehensive management fees for different types of mortgages (quality) are also different. They can be roughly divided into three categories: movable assets such as cars, antiques and jewelry.PledgeThe maximum monthly comprehensive management fee shall not exceed 4.2%; real estate mortgages such as shops, houses and office buildings shall not exceed 2.7%; property rights such as shares and bonds shall be pledged, and the maximum shall not exceed 2.4%.

Although pawn shops charge fees much higher than banks, many pawn shops still give the borrower "gasp" and do not meet the standard ceiling. For example, the houses and vehicles of the Wan Gao International Pawn ShopMortgage, According to the monthly management fee of 2.5% and 4.0%, respectively, the monthly interest rate is 0% of the standard interest. It can be seen that, within the range of the charging standards, each pawn shop has its own pricing system, and the borrower may wish to conduct comparisons.

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