Questions for the SHICHIAZUKARI
Ｑ．What is the SHICHIAZUKARI ?
Ａ．We lend you money against your collateral. In pawn shop, we call your
collateral as “SHICHIGUSA”.
Ｑ．Can anyone get a loan from you ?
Ａ．Anyone aged 18 or over can borrow money. You do not need also a surety. However, high school students cannot get a loan.
Ｑ．How much money can you lend ?
Ａ．We evaluate your collateral to determine loan amount then and there. We can lend money following market rate.
Ｑ．How much is interest on a loan ?
Ａ．You have to pay interest at 8 % until ￥50000, 7% until ￥100000, 5% until ￥500000 and 4% over ￥500000 per month. Even if you borrow money for 1 day, you have to pay monthly interest. For example, if you pay back ￥10000 within a month, you also have to pay ￥800 as the interest.
Ｑ．When do I have to pay back ?
Ａ．You have to pay back within 3 months.If you do not pay back within 3months, we take ownership of your collateral.
After that you also have no duty to pay back.Additionally,If you pay only interest within 3months,the repayment deadline is postponed depending on the interest you pay.
Ｑ．What can you keep as the collateral ?
Ａ．We can keep something which is in the marketplace as secondhand goods.
These days, we often deal with jewel, precious metal, watch, brandname
items (bag and wallet etc.) and camera etc. We can also deal with home
electronics and PC if you bought within 2 years.We do not keep the big
home electronics like refrigerator or wash machine, furniture.
Ｑ．What do I need to apply for a loan ?
Ａ．Your ID is required to apply for a loan. (ID: Driver's license, insurance card and passport etc.) You do not need to show your ID from second visiting.
You do not need your personal seal and surety either.
Questions for the purchase
Ｑ．Can anyone sell anything to you ?
Ａ．Anyone aged 18 or over can sell something to us. However, high school students cannot do that.
Ｑ．What can you buy from me ?
Ａ．It is same as SHICHIGUSA.
Ｑ．Is the purchase price same as the loan ?
Ａ．We evaluate your collateral following market rate in 3 months so that the purchase price is usually a little more than the price for loan.
Ｑ．What do I need to sell anything to you ?
Ａ．It is same as SHICHIGUSA. Your ID is required but you do not need it from second visiting.