About pawnshop
Capital Pawnshop was founded in 2007 and now has 44 locations across Makati, Manila, Marikina, Muntinlupa, Paranaque, Pasig, Pateros, Quezon City, and Valenzuela. Its main office is located in Makati City, Metro Manila, at 27 J P Rizal Extension Street. The pawnshop provides services like cash advance, money remittance, and direct to branch pawnshop services.
Pros and cons
Pawnshops are a great resource for those who need a loan or simply want to get something of value out of their used possessions. They offer several services, including jewelry and electronic pawn. Even though these pawnshops benefit those in need, weighing the advantages and disadvantages before visiting one is crucial.
Pros
You can either get cash for your items immediately or repay your loan over time.
You can access a small loan when you need money quickly at a low-interest rate.
You can quickly repay the loan because they accept anything you can pawn.
Cons
You have to call or visit one of the branches as the interest rate is unspecified.
You might lose your item if you provide a fake pawn without even realizing it is fake.
Products
Capital Pawnshop offers the following services:
Pawn services
You can pawn your item at Capital Pawnshop, but you must schedule a meeting for the item's actual appraisal. Before that, you must provide accurate information about your item so that the final appraised value matches the estimated appraised value. The pawn squad will immediately issue you a pawn ticket or ballot after the assessment.
You can pawn items like cellphones, Macbooks, DSLR cameras, tablets, jewelry, laptops, and mirrorless cameras and use them as collateral for your pawn loan.
To qualify for a pawn loan, you must meet these requirements:
You must have the accepted IDs like driver's license, passport, Social Security System (SSS), Tax Identification Number (TIN), Unified Multipurpose ID (UMID), or the Voter's ID
You must own the item to be pawned.
You can get a secured loan after your pawn has been appraised, and the service fee will be subtracted from the loan. You can get a secured loan for as little as ₱5000. The appraised value of the pawned object determines the maximum loan amount.
To apply for a secured loan, go to the Capital Pawnshop website, enter the loan amount and term, and click the Apply now button. Fill out the form and agree to the loan terms. After you sign the pawn ticket, your mortgage proceeds will be deposited into your designated bank account. You can quickly and effectively get out of debt by making installment payments on your debt over time.
Money remittance
You can use money remittance to send or receive money via bank wire, ACH. You can also do electronic money transfers over the Internet using credit card or debit card transfers.
Cash Agad
If you have locally issued debit or prepaid cards, you may withdraw cash or simply check your balance at point-of-sale (POS) terminals using this Instant Cash banking solution.
