1, advantages
Fast lending: The biggest advantage of real estate mortgage loan is its fast lending speed. As long as the borrower goes through all the formalities, he can get the loan as soon as possible.
Low loan threshold: Pawnshops have basically no requirements for the borrower's work, income and credit. As long as the borrower can provide collateral that meets the requirements of pawn, he can get a loan.
2. Deficiencies
High interest rate: Although the loan threshold of pawn shops is low and the loan speed is fast, the loan interest rate is quite high.
Short-term: Pawnshop loans are only suitable for individuals and enterprises with continuous capital turnover within 1 to 2 months. If you have long-term capital needs, or you choose bank real estate mortgage. Although there are many procedures for bank real estate mortgage loan, the loan term can be as long as 30 years, and the loan amount can be as high as 80% of real estate assessment value.
General rule
first
These Measures are formulated in accordance with relevant laws and regulations in order to standardize the behavior of pawnshops, strengthen supervision and management, and promote the standardized development of pawnshops.
second
These Measures shall apply to the establishment and pawning activities of pawn shops in People's Republic of China (PRC).
essay
The term "pawn" as mentioned in these Measures refers to the act that a pawnshop pledges its movable property and property rights or mortgages its real estate as a pawn shop, pays a certain percentage of the expenses, obtains the pawn shop, pays the interest of the pawn shop, repays the pawn shop and redeems the pawn shop within the agreed time limit.
The term "pawnshop" as mentioned in these Measures refers to an enterprise as a legal person established in accordance with these Measures, and the relevant provisions of the Company Law of People's Republic of China (PRC) shall apply to its organizational form and organization.
Article 4
The competent department of commerce shall supervise and manage the pawnbroking industry, and the public security organ shall manage the pawnbroking industry.
Article 5
The name of a pawnshop shall conform to the relevant provisions on the administration of enterprise name registration. The industry expression in the name of a pawnshop shall be marked with the word "pawn". The name of any other business organization or institution shall not contain the word "pawn", and shall not operate or operate the pawn business in disguised form.
Article 6
Pawnshops engaged in business activities shall abide by laws, regulations and rules and follow the principles of equality, voluntariness, good faith and mutual benefit.
chapter two
Establishment, change and termination
Article 7 To apply for the establishment of a pawnshop, the following conditions shall be met:
(1) Having articles of association that comply with laws and regulations;
(2) The registered capital has reached the minimum amount stipulated in these Measures;
(3) Having a business place, safety facilities and other facilities necessary for handling business that meet the requirements;
(4) Having managers and evaluators who are familiar with the pawn business;
(five) in line with the requirements of the state for the overall planning and rational layout of pawn shops.
Article 8 The minimum registered capital of a pawnshop is 3 million yuan, but the minimum registered capital of a pawnshop engaged in real estate mortgage pawn business is 5 million yuan. The minimum registered capital of a pawnshop is the paid-in monetary capital of shareholders.
Article 9 The establishment of a pawnshop shall be approved by the Economic and Trade Commission of the local people's government at or above the county level, by the Economic and Trade Commission of the provincial people's government and reported to the State Economic and Trade Commission for the record.