Understand How to Pawn Home Certificates at the latest Pawnshops

Understand How to Pawn Home Certificates at the latest Pawnshops

Mortgaging an object is a solution that can be done when we urgently need funds. One of the things that are commonly done is to pawn a house certificate.

Pawning the certificate of the house, of course, you can receive up to 80% of the funds from the sale value of the house. Even so, you still need to make preparations before pawning the certificate.

The main thing that really needs attention is pawning institutions that have been registered with the Financial Services Authority (OJK), such as Pawnshops.

To know how to pawn a home certificate in a Pawnshop, this article will discuss starting from the requirements, how to pawn it, to the risks of pawning a home certificate. Check out the full review below!

Terms of Pawn Shop Certificates

Pegadaian (Photo: pawnshop.co.id)

Before knowing how to make a certificate in a Pawnshop, it is a good idea to understand what are the necessary requirements before pawning.

Here are some of the document requirements that you will definitely need to fulfill in order for the process of pawning your certificate to go well, including:

  • Indonesian Citizen (WNI)
  • Photocopy of KTP and Family Card (KK)
  • Photocopy of Marriage Certificate (if married)
  • Copy of the IMB
  • Certificate of Domicile (if any)
  • Photocopy of the building land tax (PBB)
  • Business Certificate (SHU)
  • Original house certificate
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The most important thing about these requirements is that you have to make sure that the original house certificate is your own.

Do not let yourself be forced because the original house certificate is not in your name, because it cannot be accepted by the Pegadaian official.

After all these documents have been collected, you must send them to the official Pegadaian who will later estimate the sale value of your house.

Also read: 6 ways to sell a house fast that you can try

How to pledge a house certificate in a pawnshop

Pawn shops are one of the most reliable places for pawn certificates. This is safe because Pegadaian provides good service and has been proven safe.

In any case, you must first know how to pledge a house certificate at the Pawnshop. Here’s how:

1. Look for information before coming

The first and most important step before pawning your home certificate is to find out the complete information where you are to pawn it.

You need information such as the amount of interest, additional costs and the amount of loan that can be provided by the Pawnshop. Also, don’t forget to know how long the warranty period is.

It is not enough, you also need to know the legality and complexity of your files so that after the mortgage process is not hindered.

Don’t let the house you are renting be in the process of being disputed so that the file you submitted will be rejected later.

2. Come to the Pawnshop

After finding out about the conditions and documents that must be completed, the next step is to go directly to the pawnshop.

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Then you can complete the form and send all the documents that are the main requirements in the process of pawning a house certificate.

Make sure that all the requirements are met properly so as not to interfere or prevent the process of pawning the certificate.

After sending the required documents to the Pegadaian officer, the next process is to wait for the approval process from the Pawnshop.

The Mortgage Officer has estimated the price of your home to be mortgaged. When your application is approved, the loan funds will be liquidated within a period of 1-5 working days depending on the nominal amount you have borrowed.

Tips for Submitting an Approved Pawn Certificate

Photo: pawnshop.co.id

In general, the requirements for applying for a certificate commitment have been mentioned above. However, not only this, there are many other tips so that your mortgage application process can be approved by the Pawnshop.

Here are some tips that you can do so that your loan request at the Pawnshop can be approved:

1. Total Loans

Even if Pegadaian accepts services for pawnshop certificates, you need to adjust the total loan according to Pegadaian’s capabilities.

If the funds are too large, it will be difficult for the Pawnshop to approve, because you have to re-estimate the current price of your home.

Don’t ask for a loan above the value of your home now. This will cause your loan application process to not be approved.

2. Adjust to Ability

When you want to pawn a house certificate in a pawn shop, you also need to adjust the total loan with the ability to repay the loan.

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Don’t let the amount of payments you need to pay exceed your monthly income.

Therefore, the Pegadaian will study the documents you have submitted to measure your ability to return the funds later.

3. Be honest

One of the tips that is very important to do is to be honest. You need to go to the Pawnshop regarding the purpose of using the funds.

Use these funds for business purposes, pay debts or buy goods.

Risk of Pawning Home Certificates

Although the documents and procedures for pawning a home certificate are relatively simple, there are several risks that you need to consider before pawning a home certificate.

Like you as a customer, if you can not pay your payments or even your credit is bad, then the consequences could be losing the land or the house.

So you need to really understand the risk profile you are taking so that unwanted things don’t happen.

This is also a factor that is evaluated by the Pawnshop to approve the loan that you are subject to.

Therefore, there are some ways of the certificates of pawnshops in Pawnshops that you need to know. Of course, before pawning a home certificate, it would be nice to consider and discover the processes and risks.

I hope this article is helpful!