CVM Pawnshop
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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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
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
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 |
Fees & Charges
| One time setup | |
| Processing fee | |
| Stamp duty | |
| Disbursement & misc. fee | |
| Annual fee | |
| Other fees | |
| Penalties | |
| Early settlement | |
| Late payment charges | |
| Other penalties | |
Eligibility
| Age requirement | |
| Employment eligibility | |
| Min. salary requirement | ₱ gross per month |
| Guarantor / Collateral requirement | Yes |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details |
FAQ
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 |
| askCVM@cvmpawnshops.com | |
| Social networks |
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