11/06/2026
**📱💍 KABANKALAN GADGET MARKET**
**— Official Pawn Terms & Conditions —**
📍 La Villa Co**ha Subd., Brgy. Hilamonan, Kabankalan City
📲 09068897689
🕐 Mon – Sat | 8:00 AM – 5:00 PM
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💬 BEFORE ANYTHING ELSE
We will always tell you exactly how much you will receive before you sign anything. Appraisal is free, on the spot, while you wait. No surprises at the counter. Ask us anything — we are happy to explain.
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**I. 💰 APPRAISAL**
1. Minimum pawn amount: **₱500.**
2. Maximum loan = **50% of current secondhand market value.**
3. Damaged units (dents, scratches) = **lower appraisal.**
4. Battery below **80%** = **10–20% deduction** from appraisal.
5. Appraiser's decision is **final and non-negotiable.**
6. Appraisal offer valid **within 24 hours** of visit.
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**II. 📊 INTEREST RATES**
7. 🥇 Gold & Jewelry → **15% per month**
8. 💻 Gadgets & Electronics → **20% per month**
9. Full month's interest charged **regardless of how many days** the item is pawned.
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**III. 💵 HOW PAWNING WORKS**
10. One month's interest is **deducted upfront** from your loan.
11. You receive: **Loan Amount − 1 Month Interest = Cash in Hand.**
12. Advance interest is **non-refundable.** Month 1 is already covered.
📌 *Example:*
*Loan ₱5,000 | Rate 20% | ₱1,000 deducted*
*→ You receive ₱4,000 cash*
*→ Month 1 ✅ already covered*
HOW THE CYCLE WORKS:
🔵 Pawn → ₱ deducted = **Month 1 covered ✅**
🔵 Renew → ₱ paid = **Month 2 covered ✅**
🔵 Renew again → ₱ paid = **Month 3 covered ✅**
🟢 Redeem anytime → **Pay loan amount only ✅**
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**IV. 📅 MONTHLY RENEWAL**
13. To extend for another month, pay **one month's interest in advance** — same as when you first pawned.
14. Think of it as **re-pawning your item every month.**
15. Must be paid **in full, in cash, on or before the due date.**
16. **No partial payments** accepted.
17. You may **redeem anytime** before or on the due date — just pay your loan amount. No extra charges.
18. KGM may send reminders as a courtesy. It is the **pawner's sole responsibility** to monitor due dates and settle on time.
📌 *Example:*
*Monthly interest ₱1,000*
*→ Renewal = pay ₱1,000 only*
*→ Next month ✅ covered*
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**V. ⚠️ LATE PAYMENT**
19. **No grace period.** Penalty starts **Day 1** after due date — no exceptions.
20. **₱50/day** for every day past due.
21. **Day 10** — full **20% month's interest** added on top of all accumulated daily penalties.
22. **Day 12** — item **auctioned immediately (remate)** for items **below ₱10,000.**
23. **Day 15** — item **auctioned immediately (remate)** for items **₱10,000 and above.**
24. Late renewal = pay **advance interest + all accumulated penalties + full month interest** in full before renewal is processed.
25. **No extensions** unless everything is paid in full first.
26. For **emergency cases**, contact the owner immediately to discuss special arrangements — **before the remate deadline.** Penalties continue to accumulate regardless.
📌 *Example — 10 days late on ₱5,000 loan:*
*₱50 × 10 days = ₱500 penalty*
*+ ₱1,000 full month interest (20%)*
*= ₱1,500 total due on top of loan*
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**VI. 🔑 REDEMPTION**
27. To get your item back, **just pay back your loan amount.**
28. No additional interest — **already paid upfront every month.**
29. You may redeem **anytime** before or on the due date.
30. Present your **original pawn ticket** upon redemption.
31. Lost ticket → present **valid ID + KGM Declaration Form** at the counter. No notarized affidavit required.
32. Upon redemption, **inspect your item in the presence of KGM staff.** Any concerns must be raised immediately. No claims after the pawner has left the premises.
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**VII. 🔨 REMATE (AUCTION)**
33. Items **below ₱10,000** not settled by **Day 12** = **auctioned immediately.**
34. Items **₱10,000 and above** not settled by **Day 15** = **auctioned immediately.**
35. Once auctioned, **ownership permanently transfers to KGM** — no exceptions.
36. Original pawner has **no right to repurchase** after auction.
37. If pawner is **unreachable or unresponsive**, remate window is reduced to **3 days only.**
38. KGM logs all reminder attempts per pawn ticket as **proof of notification.**
39. It is the **pawner's sole responsibility** to monitor due dates. KGM is not responsible for missed deadlines.
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**VIII. 📦 WHAT WE ACCEPT**
40. ✅ Gold & precious metals
41. ✅ Phones, tablets & laptops
42. ✅ Cameras & gaming consoles
43. ✅ Appliances & power tools
44. ✅ Vehicles with original OR/CR
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**IX. ✅ ITEM QUALIFICATION CHECKLIST**
*We check every item to protect both you and us.*
45. ✅ Unit powers on and functions normally
46. ✅ No cracked screen or motherboard damage
47. ✅ Battery health 80% and above (for phones)
48. ✅ Software still supported and updated
49. ✅ All accounts and passcodes removed
50. ✅ No hidden or undisclosed defects
51. ✅ For vehicles — original OR/CR present
❌ Items failing this checklist will not be accepted.
❌ Diamonds, gemstones, and IDs as collateral strictly not accepted.
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**X. 🔒 BEFORE TURNOVER**
52. **Physical unit must be surrendered** — no exceptions.
53. Remove all accounts before handing over:
→ Apple ID / iCloud
→ Google / Gmail Account
→ All passcodes & screen locks
→ Samsung / OPPO / Xiaomi cloud accounts
54. **Not sure how to remove accounts?** Our staff will guide you at the counter.
55. Unit will **not be accepted** if accounts are not fully cleared.
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**XI. 🚗 VEHICLES**
56. Surrender both the **actual unit + original OR/CR.**
57. **No photocopies accepted.**
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**XII. 🛡️ WARRANTY, STORAGE & PRIVACY**
58. Every unit sealed with **official KGM warranty sticker** upon acceptance.
59. **Broken seal = voided transaction.**
60. All pawned items **stored securely on premises** for the entire pawn period.
61. Your **devices and personal data will not be accessed** beyond initial appraisal.
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**XIII. ⚠️ STORAGE LIABILITY**
62. KGM is **not liable** for any damage during or after storage — as long as the seal is intact.
63. **Inspect your item before surrendering.** Once the pawn ticket is issued, no damage claims accepted.
64. Pawning = you confirm the unit is **in the condition you declared.**
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**XIV. 💳 PAYMENT METHODS**
65. **Cash, GCash, or Bank Transfer only.**
66. No other payment methods accepted.
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**XV. 🪪 REQUIREMENTS**
67. **Valid ID required** — PhilSys, Driver's License, Postal ID, Student ID, etc.
68. Must be **18 years old and above.**
69. Minors must bring a **parent or legal guardian.**
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**XVI. 🌟 LOYAL CUSTOMERS**
70. Pawners with consistent on-time renewals may be considered for **priority service and flexible terms** at management's discretion.
71. We value every customer — **talk to us** if you have concerns.
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**XVII. ❓ FIRST-TIME PAWNER — 6 EASY STEPS**
1️⃣ **Bring item + valid ID** — walk in, no appointment needed
2️⃣ **Free on-the-spot appraisal** — we tell you everything before you commit
3️⃣ **We explain your terms** — loan, due date, renewal cost. No surprises.
4️⃣ **Remove accounts** — staff will assist if needed
5️⃣ **Receive your cash** — loan minus advance interest = cash in hand
6️⃣ **Renew or redeem monthly** — pay interest to renew, or pay loan to redeem anytime
💡 *Questions? Call or text 📲 09068897689 during business hours.*
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**XVIII. 📞 CONTACT**
72. 📲 **09068897689** — call or text
73. Visit us **in person** at the establishment
74. 🕐 **Monday – Saturday | 8:00 AM – 5:00 PM**
📍 La Villa Co**ha Subdivision, Brgy. Hilamonan
Kabankalan City, Negros Occidental
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*KGM reserves the right to update these terms without prior notice. All transactions are subject to final management approval.*
**🎉 HAPPY PAWNING!**
**— Kabankalan Gadget Market —**
