Understanding Pawn
The pawnshop is a financial institution but not the bank that provides credit to the public in a special way that is the legal pledge. According to the lien law, the prospective borrower has an obligation to hand over the property held as collateral to the pawnshops. In the law also includes purchase rights to pawnshops to make the sale or auction of the collateral if the time limit specified lending has expired and the borrower does not redeem the guarantee.
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| Understanding, Kind, and Pawnshops Function According to The Experts |
Sigit Triandaru (2000: 179)
The pawnshop is the only entity in the country of Indonesia which officially have permission to carry out activities of financial institutions in the form of payment in the form of channeling funds to communities based on the law of pledge.
Subagyo (1999: 88)
The pawnshop is a non-bank financial institution that provides credit to customers or the public by using the special feature that the lien law.
Susilo (1999)
The pawnshop is a right which is obtained by someone who has a claim in respect of goods moving.
The main task of pawnshops is to provide loans to the general public on the law of pledge so that people are no longer harmed by the illegal activities of financial institutions and tend to utilize the funds by urging the community such as moneylenders.
Pawnshops This is one of the State-Owned Enterprises (SOEs) that provide services to the public and seeking profits on the basis of company regulations.
Types Pawnshop
As for the types of mortgage that are conventional and Islamic pawnshop.
Conventional pawnshops
Is a government agency that provides money loans to customers on the basis of the law of pledge. These conventional pawnshops are distributed throughout the countryside. But on the type of mortgage is still using manual recording system, using a system of interest and tariffs shelf big enough.
Islamic pawnshop
Namely the financial institution / division of the form of mortgage loans by giving money in accordance with the principles of Islamic Shari'a. There are many advantages of this sharia pawnshops, among others: use the system for the corresponding results Shari'a and principles of Islam, tariffs save money is not too big, and administrative costs are very small. However, sharia pawnshops are still using the manual recording.
Function Pawnshops
- To manage the disbursement of loans on the basis of the law of pledge in a way that is easy, fast and secure.
- Managing all forms of finance, personnel, equipment, education as well as training.
- To create and develop businesses that benefit the mortgage itself and society in general.
- To manage the organization and procedures of the pawnshop.
- For the development and oversight in the management of pawnshops.
