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 Loan against security: A social mission of public utility The experiment learned that in the businesses of the life, a help come by the way had all the importance of a treasure.
The loan against security is an astute formula of which one always does not think and who avoids the recourse to the immediate sale of the objects.
Against the deposit of a valuable article, with dimensions on the market of the public biddings (jewel, shows, silverware, table, sculpture, carpet, furniture, tapestry, glassmaking, etc) a loan is granted immediately, in cash or by cheque.
It is the value estimated on the market of the public biddings which determines the amount of the loan which is granted to you.
To secure a loan against security: Of what do need you? Where do you have to go? How does the granting do without the loan? If the loan is refused? If the loan is accepted? You wish to refund your loan? You cannot refund your loan? If the capital and the interests are not paid? Of what do need you? - of an identity paper (with recent photograph) - of a document in proof of residence of less than three months (rent receipt, invoices EDF, France Telecom) - for certain objects, it can also to you be asked complementary documents (invoices, certificates of guarantee, expertise…)
CAUTION! A jewel of man can be deposited only by one man and a jewel of woman by a woman (if not a procuration is necessary, as well as identity and the document in proof paper of residence of the holder and the agent)
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How does the granting do without the loan? The loan is generally granted within hour approximately according to the multitude (stronger the afternoon).
Your objects are estimated by appraisers. The value of your object determines the amount of your loan (the loan will account for at least 50% of the value estimated of your object on the market of the auction sales public).
If the loan is refused to you ? Your objects are immediately restored to you. If the loan is accepted? You will be one year old to refund your contract (capital and interests) and to take again your objects.
You wish to refund your loan ? Without awaiting the expiry of the contract, you can constantly refund partially or entirely your loan and in this last case, to recover your objects. Present the original of your contract and a paper identity. In charge of customers indicates the sum to you which you must regulate in cash (until 3.000€) or by bank draft.
You cannot refund your loan ? If you cannot refund the capital at the end of one year, it is enough for you to pay the interests to renew the loan for new a one year duration. Present the original of your contract and a paper identity.
In charge of customers indicates the sum to you which you must regulate in cash (until 3.000€) or by bank draft. If the capital and the interests are not paid? If the capital and the interests are not paid, the object will be sold with the biddings. The sale will be used to refund the Municipal Credit of Paris and if there is a benefit (profit), this one will be transferred to you.
Contrary, if the amount of the sale is lower than the amount of the loan and the cumulated interests, the difference will not be required by the Municipal Credit of Paris. il can also of you be required complementary documents (invoices, certificates of guarantee, expertise…)
CAUTION ! A jewel of man can be deposited only by one man and a jewel of woman by a woman (if not a procuration is necessary, as well as identity and the document in proof paper of residence of the holder and the agent)
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 Testimonys To pay medical care A woman needed important dental care for 5.000€, little refunded by the social security. The pledge of jewels enabled him to carry out these interventions in waiting of the refunding of its mutual insurance company.
To finance a marriage In order to finance the reception of marriage of their daughter, a couple guaranteed for 10.000€ the ring of engagement which they had had for thirty years, thus allowing the continuation of the family history that they had engaged.
To pay a rent A musician amateur in momentary difficulty with his financial backer could balance his back rent of 500€ against the hypothecation of his violin.
To pay the veterinary surgeon A lady was in difficulty to pay the expenses of veterinary surgeon for his cat against the deposit of a copper pot, it secured a loan of 30€.
To finance inheritancees tax death With the death of their mother, two sisters could not pay the inheritancees tax the death. By securing a loan of 6.500€ on the pledges of the jewels and a beautiful piece of furniture, they could regulate the rights and be organized to recover these objects later one year.
Of the unemployed on standby of payment of the ASSEDIC to pay its rent, with the rich person collector wishing to offer a new work or to help a close relation to acquire his housing, there is no single reason to come to the Municipal Credit from Paris, if it is not the facility and the speed to obtain funds in all confidentiality.
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 Art and Credit You have a work of art of great value or you wish to become purchaser about it ? You have financial difficulties? The Municipal Credit of Paris offers to you loans in hypothecation of your objects.
In its principle, the loan against security is simple, fast and practical. Any person holding an object can obtain an amount of money against her hypothecation.
The contract is concluded for one year but perhaps stopped constantly, at the request of the customer, by the refunding of the lent capital and the interests.
Simpler and more rapid that a file of credit traditional and cheaper than a bank overdraft, the loan against security can meet many temporary needs for money: unforeseen expiry, differed from an awaited financial re-entry, delay in the treatment of account or booklets, payment of inheritancees tax death…
If, in the beginning, the loan against security clearly had a social vocation of assistance to the stripped people, its public diversified in three centuries. The loans can go from 30€ to more 150.000€ today, nearly 10% of the loans are higher than 11.000€ !
The qualitative study carried out with the Municipal Credit of Paris in May 2002, just like the articles published in the review Pignus of the international association of the Mounts of Piety, testify clearly to this evolution and show that the principal reason of the recourse to the loan against security is its simplicity.
Rather than a bank of the poor, the logic which appears is that of a service of type S.O.S banks express train. High of the Page
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