CVM Pawnshop in the Philippines

Carmelita Vicencio Manlapaz and her family started out as palengke seafood sellers in the 70s. By pawning her wedding rings, along with other valuables, she was able to make ends meet and eventually own a business. When her seafood business grew and became a success, she established CVM Pawnshop and Money Changer Corp. so she […]

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CVM Pawnshop https://upfinance.com/app/uploads/2020/01/Без-названия-3.jpg
1192 A.H. Lacson st., corner Dapitan st., Sampaloc, Manila
 (02) 8706 5326  (0943) 142 4125, askCVM@cvmpawnshops.com
Interest rate 3% - 13%
Loan tenure from 1 to 3 months
Approval duration Up to 24 hours
Min. monthly income1

Carmelita Vicencio Manlapaz and her family started out as palengke seafood sellers in the 70s. By pawning her wedding rings, along with other valuables, she was able to make ends meet and eventually own a business. When her seafood business grew and became a success, she established CVM Pawnshop and Money Changer Corp. so she could help others achieve their dreams, just like she did during her palengke years.
The first branch opened to the public on January 16, 2005, in Rosario, Pasig City, quickly followed by a second branch at the New Taytay Public Market in Rizal. Now with 100+ branches nationwide, CVM Pawnshop has become the country’s top gadget pawnshop best known for its Masarap Kausap service.

Pawning

Interest Rates:  3% – 13% per month
Pawn:
– Cellphone
– Laptop, Tablet, Macbook
– DSLR, GoPro
– Smart Watch
– Hard Drive
– PS Vita, Nintendo 3DS
– Jewelry
The service charge: 1% of the principal loan, but not exceeding Php5
Payment terms: Up to 4 months
Approval time: Up to 2 hours

Calculate loan

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱10000
Max. financing amount Up to ₱100000
Min. loan tenure 1 months
Max. loan tenure 3 months
Interest rate 3% - 13%
Approval duration Up to 24 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 1 months 2 months 3 months 4 months 3 months
LOAN AMOUNT ₱50000 ₱50000 ₱50000 ₱50000 ₱50000
FEE 3% 3% 3% 3% 3%
INTEREST AMOUNT ₱125 ₱250 ₱375 ₱500 ₱375
TOTAL REPAYMENT ₱50125 ₱50250 ₱50375 ₱50500 ₱50375

Other Requirements

Need to open linked banked account? Yes

FAQ

The Bank does not accept household appliances, phones, or designer bags as collateral, unlike some Pawnshops. In addition, the Bank has interest rates-3% or 4% per month, and in pawn shops, interest rates usually range from 2% to 4% per month and the Bank requires proof of solvency.

The maximum term is 4 months.

To obtain a Pawn loan, you need a document proving your identity and the jewelry left as a collateral. No other documents are required.

The Pawnshop will sell your jewelry.

Contacts

Full company name CVM Pawnshop
Address 1192 A.H. Lacson st., corner Dapitan st., Sampaloc, Manila
Phone number  (02) 8706 5326  (0943) 142 4125
E-mail askCVM@cvmpawnshops.com
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