Sobat BFI! Have you ever experienced a condition where you need very emergency funds? Some people may look for loans online, sell goods, or pawn valuables at financial service institutions. This time, BFI Finance will provide a review of pawning activities.
Understanding Pawn
Pawn is an activity to borrow money within a specific time limit by submitting goods as collateral or collateral. If within the specified time the goods are not redeemed, then the goods will become the rights of the lender, including the pawnshop.
According to the Financial Services Authority, a pledge is a mortgage on movable goods; collateral goods must be separated from the debtor's power.
Types of Goods That Can Be Pawned
Talking about pawning, not all items can be pawned, you know, BFI friends! Items that cannot be pawned include government property, inventory, consumables, and items that are difficult to estimate, such as antiques and paintings. The following are some of the assets that BFI friends can pawn at the pawnshop.
Precious Metal Pawn
The types of precious metals that can be pawned to apply for a loan include diamonds, gold, diamonds, diamonds, and gems. However, most people, often pawn precious metals in the form of gold jewelry. In fact, other forms of gold such as gold bars can also be suspended.
Certificate
Next up is the certificate. BFI friends can apply for a loan at a pawnshop with a certificate guarantee. The pending certificates are in the form of land, building, and house certificates. Some people guarantee home certificates to get large loan funds.
Not only at pawnshops, BFI friends can also get large loans of up to IDR 3 billion at BFI Finance. There are 3 packages provided by BFI Finance as follows.
Productive Package
This package is intended for entrepreneurs who need capital starting from 1 billion with a house certificate guaranteed. The requirements for documents that must be owned include bookkeeping or business invoices for the last 1 year, proof of income, bank statements for the last 6 months, SIUP/TDP, and business NPWP. For the requirements for the profile of yourself and the guaranteed house/shop, please check the information on this useful page.
Employee Package
Next up is a large loan with a house certificate guaranteed for those who are employees or workers of private companies and state-owned enterprises. This employee package has several advantages, namely a long tenor of up to 7 years valid for prospective customers who have a minimum of 2 years of work experience and a minimum of 1 year of working in the last company. For more information, visit this useful link
Regular Package
This package is a general package in BFI Finance. Devoted to all professions, both employees and entrepreneurs. Disbursement of up to 3 billion.
Vehicle
The next item that can be pawned at a pawnshop is a vehicle. BFI friends only need to submit vehicle ownership documents such as BPKB and proof of purchase if you want to apply for a loan with a vehicle pawn.
Application for BPKB Motor Guarantee Loans
Application for a Car BPKB Guarantee Loan
Electronic Pawn
The last one is an electronic pawn where the goods that are being held are electronic goods such as:
- Laptop
- Camera
- Television
- Playstation
- Mobile Phone
- Projector
- Smartwatch
- Drones
- Computer
- Keyboard
Each of these electronic goods will be assessed by the creditor or lender. The submission process can come directly to the pawnshop or at several pawnshops providing electronic goods retrieval services.
Advantages of Electronic Pawn
There are several advantages that you can get if you apply for a loan through an electronic pawn as below.
Easy and Fast
You can get loan funds easily and quickly because usually you only need to check the feasibility of the electronics you have. The creditor or borrower does not need to ask for other documents that need checking from several other agencies. You can apply for a loan through an electronic pawn online or come to the nearest pawn shop. It should be noted, that be sure to choose a pawnshop wisely that is registered and supervised by the Financial Services Authority.
Installment System
The next advantage is that you can return the loan funds in installments. The specified time period is usually a maximum of 120 days. If within that period your installments have been paid off, then you can make repeated loans within a predetermined period of time.
Kekurangan Gadai Elektronik
Not only advantages but there are also several disadvantages of electronic pawning that you need to know before applying for a loan by mortgaging goods. What are the drawbacks? Check out the info below.
Items Can't Be Used Anymore
If you intend to apply for a loan by making an electronic pawn, one of the consequences that must be accepted is that you cannot use the electronic goods because the electronic goods will be held by the creditor or lender as collateral.
You can get the item back after completing the obligation to pay installments or loan installments according to the tenor of the loan period that has been determined and agreed upon by both parties.
Depreciation Price
Because the price of electronic goods has decreased in asset value, the amount of the loan amount cannot be comparable or less close to the price of the asset. This also applies when you have not completed your installment obligations even though the loan period or tenor is at the end of time, the creditor will provide an extension on the condition that you must also pay for the collateralized goods according to the depreciation value or around 10-20%.
That's the information about pawning and electronic pawning activities that you need to know. Each option has its own advantages and disadvantages. If you have more than one electronic item and don't use it as a means of daily communication or a medium for earning a living, the choice of electronic pawning can be an option because of the fast loan process. However, if the electronic goods that will be suspended are goods that are used as objects for work, then this can be considered.
There are other options, such as applying for a loan with a vehicle BPKB guarantee or a house certificate. This will not interfere with your work because the goods guaranteed are only documents of ownership, not the vehicle or the house.
This is the information regarding specific pawns regarding electronic pawns which can be new knowledge and knowledge for BFI friends. Hope this article was useful!