The pawn shop can pawn: gold, platinum, diamonds, watches, jewelry and jade, etc. Pawn shops can pawn jewelry, real estate, bulk materials, machinery and equipment, motor vehicles, etc. Compared with banks, pawn shops have higher loan interest rates, but they are more flexible. There is no limit on the amount, the processing cycle is short, and the repayment is flexible. The business fields of different pawn shops are different. Some do not deal with civilian goods, and some do not deal with bulk materials.

Definition of pawn shop

A pawn shop, also called a pawn shop, refers to a pawn shop that pledges its movables and property rights as a pawn or mortgages its real estate as a pawn to the pawn shop. , the act of paying a certain percentage of fees, obtaining a pledge, and paying interest on the pledge, repaying the pledge, and redeeming the pledge within an agreed period of time. It is an informal marginal financial institution that specializes in issuing pledged loans. It is a market intermediary organization that mainly focuses on currency lending and supplemented by product sales.

Pawn shops mainly deal with mortgage loans and pledges. In layman's terms, pawn is a method of paid and fixed-term loan financing using property as pledge. This is a kind of financing method in which things are exchanged for money, as long as the customer repays the principal within the agreed time and pays a certain comprehensive service fee.