How the pawnshop evaluates the property and what can be laid: an educational program for potential borrowers

Life situations are different - pleasant and not very. Many of them unite the fact that money is urgently needed: for a gift or an operation, for the purchase of something at very favorable conditions, or compensation for damage to the victim in an accident that has occurred through your fault. Of course, you can always contact the bank, having previously collected the necessary documents. But what if the account of time goes to minutes or the credit history is spoiled (and for banks this is a very important aspect)? A credit organization that issues loans on the security of valuable property will help a lombard. How do things evaluate in such institutions and what other nuances a potential borrower needs to know? Let's talk about this further.

Is it worth to go to pawn shops?

Very often people are biased towards pawnshops. But this is nothing more than a stereotype. The way in which pawnshops evaluate things and how quickly they take out loans, many Russian citizens appreciated with the development of the financial crisis, which many made to seek "quick" money. Do not be afraid that by applying to a pawnshop you will spoil your reputation or become a victim of scammers. Having chosen a reliable organization with a solid work experience, you can count on:

• Quick review of the application (on average 10 minutes);
• Receipt of funds if you have only a passport and the most valuable property;
• A positive outcome even in the presence of "blots" in the credit history (for pawnshops it does not matter in most cases);
• Integrity and safety of your collateral during the crediting period;
• The opportunity to get their property back without problems under the terms of the transaction;
• Adequate interest rates.

Thus, if you urgently need money, and wait for approval of a loan in the bank for too long, or it is basically impossible for a number of reasons, then applying to a pawnshop is a worthy way out of the situation.

How does the pawnshop evaluate the property?

In each such institution there is a price list and its own criteria. Valuation of things in the pawnshop is conducted taking into account:

• Their market value;
• Current state;
• Presence / absence of guarantee;
• Brand prestige;
• Regime of use of property during the crediting period.

For example, in the capital pawnshop Zalogator (zalogator.ru) you can get up to 95% of the cost of the car in just half an hour. However, while you will not be able to use the vehicle - it will be placed in the parking lot of the organization. How does the pawnshop evaluate the property (in this case - cars), with which you are not ready to part? Up to 40-50% of the market value of the vehicle you will get in your hands if you leave only a technical passport on the bail. Also in this case, the period for considering the application will increase, the credit history, the place of registration of the car, etc. will be taken into account. The framework is more stringent due to the fact that the pawnshop takes on more risks, giving you a loan and at the same time leaving the vehicle for you.

What other things can you put into the pawnshop?

• Real estate and land.
• Jewelry - are evaluated by sample and weight, the quantity and quality of precious stones is not taken into account.
• Watch expensive brands - for example, Casio, Orient, Citizen, etc.
• The outer clothing made of leather and fur is accepted only in good condition.
• Household appliances - take into account the presence / absence of a guarantee, the prestige of the brand, the novelty of the devices.

How much will it be necessary to overpay?

So, now you know, by what criteria in the pawnshops evaluate things. It remains to find out what the percentage of overpayment. As a rule, pawnshops take 0.5-1% of the loan amount for one day of storage of collateral. Thus, for a month it "drips" up to 35%. If within a month you will regularly pay interest, but the loan itself will not be repaid, the pawnshop will be able to extend the deal, while the rate may be somewhat lowered. For those who are late in paying interest, the rate becomes twice as high. In case you can not pay off the pawnshop in time, the property will be sold to the organization to cover its losses.