How To Pawn Your Items?
Pawning your items with us is quick and easy. The process does not require any application forms or credit checks. Just bring your valuable items to us for valuation and your MyKad or Passport for identification purposes. The whole process takes only five minutes and involves three steps:
Step 1
Bring your valuable items to Pajak Gadai Foong Joo as well as your MyKad or Passport.
Step 2
Allow us to do a quick valuation of your valuable items. We will then quote an offer price to pawn your items.
Step 3
Upon your agreement with the pawn offer, we will then provide you with the pawn loan and a pawn ticket. You can receive the pawn loan either in cash or online bank transfer.
Frequently Asked Questions (F.A.Q):
Each pawn ticket has a pawn period of 6 months. Customers can redeem back their items anytime within the 6 months.
Yes, you can extend your pawn period for another 6 months by just paying only the interest due to renew the pawn ticket. There is no limit to how many times you can renew the pawn ticket.
We charge an interest rate of 1.5%* per month on the loan amount. For example, a loan of RM1000.00 will only cost RM15 a month.
Customers do not have to pay the interest every month. Only pay the interest when redeeming back the items or if you need to renew the pawn ticket.
If the customer is not able to redeem or renew the pawn ticket within 6 months, we will automatically provide a grace period of 4 months.
If the customer is still not able to redeem or renew during the grace period, then as stipulated by the Pawnbrokers Act 1972, the items will be auctioned by a licensed auctioneer and the customer will no longer be required to repay the pawn amount anymore.
If the pawn ticket is lost, please notify us as soon as possible to prevent unauthorised redemption of your items. We will then provide a "Surat Akuan" and the customer must have it stamped at any Commissioner of Oath office before they can redeem back their items.
*Terms & Conditions Apply. In the event that the pledge item is not redeemed or the pawn ticket is not renewed within 6 months, then an interest rate of 2.0% will apply for all months as stipulated in the Pawnbrokers Act 1972.
Redemptions:
Clients can redeem their items at any time within 6 months from the date of pawning. To redeem, please bring the pawn ticket and your MyKad/Passport.
Representatives of customers can also redeem on their behalf but they must bring along their MyKad/Passport and a photocopy of the owner's Mykad/Passport.
Contact Our Pawn Shop
Address:
35, Jalan Othman, PJS 3, 46000 Petaling Jaya, Selangor, Malaysia
Direct Hotline:
03-77818284