Chanel for Cash : Hong Kong pawnbroker luxury handbags for loans

Hermes Kelly Handbags A company based in Hong Kong offers cash buyers the chance to use their Chanel handbags as security for a loan. While lenders typically for cars and homes than safety requires the Yes Lady Finance, a mortgage , loan by pledging designer handbags . Customers can cash up to 50 % of the value of the bag. You have four months to repay at an interest rate of 4%. Chanel, Gucci, Louis Vuitton and Hermes are among the list of famous designers. Loans start at the equivalent of approximately HK $ 1,550 ( € 127) and can go much higher , depending on the quality of the bag . The Company has granted a loan of $ 250,000 in Hong Kong, when a customer brought a handbag made ??from crocodile leather. As with traditional lenders wages if the customer to repay the loan within a specified period , the bag is the retail arm of the company, Milan Station Holdings , one of their stores sold Used creator. According to Byron Yiu , Yes Lady Finance President and CEO , the company has decided to capitalize on a culture where designer bags are very popular. "We have both male and female customers," he said. Most carry handbags relatively chic. We saw many of these handbags bring people here for a large sum . " Milan Station personnel assess the authenticity of the bags before the sale. Counterfeit products is a major problem in China and much of Southeast Asia . If a handbag has proven to be false ,hermes men bag however, the company is a wrong reason for its non - to save the embarrassment of sales by customers.