Pegadaian is a State-Owned Enterprise (BUMN) that lends money by accepting goods through the borrower as collateral. Generally the items contained are in the form of jewelry (gold) or household goods (electronics, building documents, etc.).
Pegadaian was also established so that there are loans that can still be reached easily by all levels of society.
People who borrow money from pawnshops are known as “pawnbrokers”.
Can pawned items be taken back? Of course.
Until the specified time, the pawnshop can redeem the items that are used as collateral according to the value of the loan and also additional items for the pawnshop.
If you can't repay the loan, the guarantee that was given at the beginning will be sold by the pawnshop.
Pawn or what is also called Panda, is one of the objects that includes a guarantee institution which is regulated in book II of the Civil Code. According to Article 1150 of the Civil Code, pawning is a right that is obtained by a creditor for a movable object, which is handed over to him by a debtor or by another person on his behalf and which gives satisfaction to the debtor to take payment of the item in priority over the other person. . Other debtors with the exception of the cost of saving it after the item is mortgaged, which costs should take precedence.
Pandrecht is a material right over a movable object belonging to another person, which right is solely agreed to surrender benits over movable object with the aim of taking payment for an item from the sales revenue of that object before other collectors.
Pledge is a right that cannot be divided, in which part of the payment does not free some of the objects that are pawned. That is, the lien as collateral for the material must be paid or paid in full. Meanwhile, the characteristics of pawn are regulated