Pawnshop in Thailand: Answering All Your Questions
โพสต์เมื่อ : 19 พ.ย. 2567
A Beginner's Guide to Pawning Items Cash Express Pawnshop for foreigner - Assessing Value, Interest Payments, and Redemption Procedures in 2024
In the middle of the year, many people may have ideas to start various businesses. Besides having good strategies, it is crucial to have sufficient working capital so as to survive and succeed in business. Today, I would like to recommend another method that can help you to generate revolving money in a quick way, which is "pawn your valuable items" in Thailand.
Assessing the Value of Pawned Items
If you are curious about value of your items and whether they can be pawned, you can bring your Passport or government-issued identification document (Example : Work Permit). After that, you can negotiate the price, submit your ID card for documentation, and scan your fingerprints before receiving the money and the pawn ticket.
How does Pawnshop calculate the interest rate?
Cash Express Pawnshop calculates interest rates in accordance with the Pawnshop Act regulations as follows: For the initial principal of 2,000 baht, the interest rate is 2% per month. For amounts exceeding 2,000 baht, the interest rate is 1.25% per month (equivalent to 15% annually and not exceeding 24% annually as prescribed by law).
Essential Tips for Interest Payments at Pawnshop
When you pawn your valuable items, the redemption period is 4 months and 30days or approximately 5 months. During this time, you need to check the interest payment date on the pawn ticket and make the interest payment. You can make the payment at the store branch.
How to redeem your items from a Pawnshop?
After a period of pawning and when you're ready to reclaim your valuable items, you've reached the simplest step: the redemption process. Just prepare the necessary documents for in-branch pawn service "Redeem Items," including either your passport or a government-issued identification document, along with the pawn ticket. Additionally, you must prepare your money for the principal pawn amount and the interest rate of your items.. That's all it takes to redeem your items hassle-free.
Here's how it goes with pawnshop information for foreigners that I, Brother Cash, am sharing with you today. Let me tell you, it's incredibly easy—just follow Brother Cash's instructions, and that's all it takes. This helps friends pawn their valuable items quickly for business turnover. For any foreigners residing in Thailand who need fast cash, investment capital, business turnover, low interest rates, and quick transactions, Cash Express Pawnshop is here to serve you. Convenient and fast, with branches covering Bangkok and its outskirts, plus online valuations available 24/7 before visiting our branches.
