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Monte de Piedad increases loans for gold garments

The Monte de Piedad of the State of Oaxaca increased the loan for gold garments, this after the increase in the price of the metal at the international level.

The amount to give to a person will depend on the carat and grams, however, these jewels are increased in value.

This measure was taken in the Monte de Piedad since January 5 and will be a benefit for the ignorant who come to request a resource for the “January Slope” in exchange for their garments.

The head of Monte de Piedad branches, Martha Nereida López Vergara, pointed out that this measure is assumed as part of the international value in this type of material.

Likewise, he reported that in these first days of January the arrival of people to the offices of this security institution will increase, due to the expenses that families make at Christmas, New Years and Three Kings Day.

According to data from the institution, the increase in the number of loans is in the order of 20%.

Meanwhile, López Vergara reported that it is in Monte de Piedad where they grant the highest loans with the lowest interest.

There are 3 types of loans that the instance handles: the 4-week pawn has an interest rate of 1.2% and the ignorant person takes 90% of the value of the pledge.

Within 8 weeks, the person will get 85% of the value of the pledge with an interest rate of 1.25% weekly.

From Monte de Piedad, there is also the possibility of 12-week loans and for which 80% of the value of the pledge is granted with 1.3% weekly interest.

In the entity there are other security spaces that are not regulated and it is where people put their garments at risk, it was warned.


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