How does Palawan Pawn work?

How does Palawan Pawn work?

Visit the Palawan Pawnshop branch where you pawned your item. Sign the back of the pawn ticket at the line labeled “Pawner”. Present the signed pawn ticket and the payment for the amount due on redeeming the item. Check the item before leaving the branch.

What is the objectives of Palawan Pawnshop?

We strive to foster lasting relationships among associates and business partners towards the shared goal of attaining our vision. We help each other and find strength in one another.

How much is the interest in Palawan Pawnshop?

1% to 3%
Interest rates range from 1% to 3%. In addition to the main services (pawnshop and money transfers), Palawan Pawnshop offers Suki card, insurance, bills payment, e-loading, and G-Cash, and Online Padala services.

How many branches does Palawan Pawnshop have?

3,554
Castro transformed PPS-PEPP into the leading brand in the pawnshop and domestic money remittance industry with 3,554 company-owned branches and outlets, and 6,560 partner locations. The Palawan brand is present in all regions, provinces, cities and 1,177 out of 1,488 towns in the Philippines.

What are the loan requirements of Palawan Pawnshop?

Palawan Pawnshop Loan Requirements

• Have a valid mobile phone number.
• Have a valid email.
• Have at least 1 Government ID : A list of valid IDs can be found in the FAQ section of their website.

How do you calculate interest on a pawn shop?

How to Calculate Pawn Shop Interest? Loan amount X Monthly interest rate X Number of months = Interest payable. For e.g. Your watch is valued at $5,000, and you are loaned 80% of it – $4,000 – for 6 months at 1.5% interest. This translates to a total interest of $360 ($4,000 x 1.5% x 6).

Who is the owner of Palawan Pawnshop?

History. It was founded in 1985, originally owned by the Rodriguez family, with the intention of providing cash-based financial assistance to the common folk of Puerto Princesa. It would later be acquired by spouses Bobby and Angelita Castro, two former anti-Ferdinand Marcos activists.

How does pawn shop make money?

Pawnshops make money by providing personal loans, reselling retail items, and offering auxiliary services, such as money transfers or cellphone activation. Earning interest on loans and profits on retail sales are the principal income sources for the standard business model for a pawnshop.

What are the problems in Palawan?

The island, however, is besieged by various environmental problems. Illegal logging, mining and quarrying, slash-and-burn agriculture and illegal wildlife trade are just some of its major threats.

Is Palawan part of China?

Palawan is the largest island of the province of Palawan in the Philippines and fifth-largest by area and tenth-most populous island of the country, with a total population of 994,101 as of 2020 census.

Who is Bobby Castro?

Bobby Castro (born March 1, 1967) is an American self-made transformative entrepreneur, investor and speaker. He is best known as founder of Bankers HealthCare Group and ORTSAC Capital Group. Castro was named Ernst and Young’s Entrepreneur of the year in 2012.

How did Bobby Castro make his money?

As a self-made business mogul, Bobby Castro exemplifies the transformation from entrepreneur to leader. With only a ninth-grade education, Bobby founded Bankers Healthcare Group in 2001 with an investment of just $25,000. Today, he’s reached a net worth of $300 million.

How much can I pawn my phone for?

You can expect to get from $200-350 for these phones when you bring them to the pawnshop. Just remember that whatever the newest generation phone is out there, it’s probably going to get somewhere between $200-$350. The older the phone gets, the less it’s going to bring in a pawnshop.

Can I pawn diamond in Philippines?

Cebuana Lhuillier accepts gold, diamond, and platinum jewelry and watches, as well as selected non-jewelry items such as cellphones and laptop computers. We assure the highest appraisal and security for pawned items. Advance interest will be charged Php4 for every Php100 loan amount.

What is illegal mining in the Philippines?

‌ According to MGB-Region 2 Director Mario Ancheta, the absence of documents, permits or authority in the conduct of mining operations and the transport of minerals/mineral products and byproducts will be considered as prima facie evidence of illegal mining.

Does Palawan get hit with typhoon?

On Dec. 17, 2021, Typhoon Rai hit the Philippines’ Palawan Island, causing severe damage to protected areas including Puerto Princesa Subterranean River National Park (PPSRNP), Cleoptra’s Needle Critical Habitat, Malampaya Sound Protected Landscape and Seascape, and El Nido-Taytay Managed Resource Protected Area.