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RULES OF DRAWING UP, GRANTING
AND RETURNING OF A LOAN ON SECURITY OF GOLD, SILVER, JEWELLRY AND
DOMESTIC EQUIPMENT FOR THE PERIOD UP TO 1, 2-7, 8-14,15 -21, 22-30
DAYS
1. Sum of loan (amount of credit) from market value and the pawn
and duration of loan (calculate on days)
| Period |
Amount of credit (In % from market valuation the pawn) |
| 1 day |
90% |
| 2-7 days |
80% |
| 8-14 days |
70% |
| 15-21 days |
60% |
| 22-30 days |
50% |
2. Finance rate depends from the Sum of loan (amount of credit)
| Amount of credit (NZ$) |
Finance rate (% per month) |
| 1 - 100 |
26% |
| 101 - 300 |
25% |
| 301 - 500 |
24% |
| 501 - 1000 |
23% |
| 1 001 - 5 000 |
22% |
| 5 001 - 21 000 |
21% |
| 21 000 - 1 000 000 |
Negotiable* |
*For sums greater than NZ$21,000 speak to us about a quoted
rate.
3. Ours market valuation for Gold (pawn from gold, Au)
| Metric standard |
Carat standard (Ct.) |
Price for weight of 1 gram ($) |
| 333 |
8 |
1.5 |
| 375 |
9 |
3.5 |
| 500 |
12 |
7.5 |
| 583, 585 |
14 |
9 |
| 700 |
16 |
10 |
| 750 |
18 |
11.5 |
| 800 |
19 |
12 |
| 875, 900 |
21 |
15 |
| 916, 925, 950 |
22 |
16 |
| 958, 960 |
23 |
16 |
| 999,9 |
24 |
16 |
Example:
If you have 18 Ct. (750) gold staff (ring or earring etc.) weight
5 gram - you can borrow against that security:
For 1 day = (5 gr. * $11) * 90% = $ 49.50 and Buyback will be 49.50
* 0.86% = $ 49.92
For 7 days = (5 gr. * $ 11) * 80% = $ 44 Buyback will be $ 46.64
For 14 days = (5 gr. * $ 11) * 70% = $ 38.50 Buyback will be $ 43.13
For 21 days = (5 gr. * $ 11) * 60% = $ 33 Buyback will be $ 38.95
For 30 days = (5 gr. * $ 11) * 50% = $ 27.50 Buyback will be $ 34.50
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