How to pawn a house certificate at a pawn shop

Rancakmedia.com – Pawning Home Certificates is a common thing when many people suddenly need a large amount of money. The goal may be different for some people because it meets consumer needs such as paying debts or being productive, for example renovating a house, building a new house, or renting a house.

If you need a lot of money fast, this is one of the most common methods of pawning a house certificate. It's no wonder why this technique is quite successful, as banks and others make property the most widely regarded collateral. Property prices are quite expensive and much needed.

However, when you plan to mortgage your home certificate, you must meet certain criteria and requirements. Wre they? Wre they? Check out the review below.

What is a Pawn House Certificate?

The house certificate must be made as collateral to get a loan from the bank, pawnshop, or savings and loan cooperatives. Home certificate loans are often requested because they are easier to obtain so the funds are disbursed more quickly.

What is a Pawn House Certificate_

Compared to other goods such as gold, a house certificate is a pretty solid guarantee. This is because house certificates have a much more consistent value than other types of investment.

Funds that can be disbursed from this kind of loan are around 80-90 percent of the value of your home certificate as collateral.

Pawnshop Pawnshop Certificate

In the past, PT Pegadaian only accepted mortgages for movable property and now a house certificate can be made at the pawn shop. But you can't get more than 50 million disbursement at a pawnshop, with a tenor of 3 to 5 years.

The requirements are like applying for a multipurpose loan at a bank. Some of the requirements are as follows:

  • Minimum age 21 years and maximum 64 years
  • Photocopy of KTP & Family Card
  • Photocopy of Marriage Certificate
  • Business Certificate
  • Original Home Certificate
  • Original land title
  • IMB
  • Proof of last PBB payment.

How Can I Pawn a Home Certificate at a Pawnshop

After knowing the requirements that must be prepared, you can carry out the process of painting a house certificate at the following pawn shop.

  • Pick up the papers at the Pawnshop office and fill out the form.
  • The pawnshop determines the selling price of the house.
  • Funds are disbursed within 1-5 days, if authorized.
  • You can collect or transfer cash to your account.

The Dangers of Pawning Home Certificates

As attractive as it may seem, the loan system involves many risks with applying for a home certificate, including:

  • Your certificate is maintained until the end of the loan term
  • If the debt is not paid, you can foreclose on your home
  • Interest rates are quite high (above 10 percent)

How to pawn a house certificate

Here's how to secure a house certificate

1. Registered Name of House Certificate

If you want to paint a house certificate, make sure the certificate can be proven. Many financial institutions do not service mortgages that have not been converted into house certificates, making the procedure even more difficult.

Therefore, it is very important to make sure the certificate has the exact name. Alternatively, name transfers can also be carried out according to the Complete Home Transfer Fees Guide 2021.

2. Ensure that OJK is registered with a financial institution

Make sure you are registered with OJK to avoid fraud (Financial Services Authority). Many banks and other businesses that provide credit have been regulated by the OJK, so transactions are safe.

3. Complete the request requirements

Make sure the requirements are met at the pawnshop or other financial institution. Prepare and collect files including all necessary papers in one folder to keep it cleaner.

4. Check your 5C status

In assessing the ability of prospective borrowers, banks often carry out 5C analysis (Capacity, Character, Condition, Capital, Collateral). This is done to verify the debtor is eligible for the loan.

If you have accumulated debt, the bank will definitely not offer you a loan. If there is no income, you may be subject to bad credit. Before you borrow a house certificate, make sure you are financially strong enough.

Conclusion

house certificate must be used as collateral to get a loan from a bank, pawnshop, or savings and loan cooperative. Home certificate loans are often requested because they are easier to obtain so the funds are disbursed more quickly.

Compared to other goods such as gold, a house certificate is a pretty solid guarantee. The loan system involves a lot of risk by applying for a house certificate. Many financial institutions do not service mortgages that have not been converted to a house certificate.

Make sure OJK is registered with a financial institution to avoid fraud. If you have accumulated debt, the bank will definitely not offer you a loan.

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