Company Information
MB Aguirre Pawnshop was established in 1992 to provide integrity and transparency in all customer transactions.
They provide a wide variety of financial services such as pawning, FOREX or foreign exchange, bills payment, and cash remittances that cater to the needs of Filipinos to send and receive instant cash locally or internationally.
MB Aguirre Pawnshop continues to strengthen and expand its reliable service with, so far, 50 outlets spread across the country’s capital region. It performs as one of the top pawnshops in the country and provides Filipinos a short and wide route towards a secured financial resource.
Its main branch is at B107 G/F Plaza Dela Rosa Bldg, Manalac Ave. Brgy Bagong Tanyag, Taguig City.
Customers can raise all concerns involving MB Aguirre Pawnshop’s financial services via email at [email protected] or through the official Facebook account. They can also call via mobile phone at 0918 927 5571 and 0933 857 4802 or landline at (02) 8504617, (02) 8094266, or (02) 8093166.
The pawnshop also accepts inquiries via Facebook Messenger chat box on their official website.
Products and Services Offered
Pawning
This financial service allows customers to deposit personal or valuable items as collateral in exchange for instant cash. As a secured loan, the pawner can borrow cash equivalent to the appraised value of the collateral and ensure to repay the loan upon maturity date with interest.
In MB Aguirre Pawnshop, interest rates are competitive, and the pawners enjoy the highest appraisal rate for the item they wish to pawn. The pawnshop also ensures its customers will experience the exclusive benefits of pawning by giving them discounts on their special days.
You will receive a 0.5% discount if you renew the pawned item during your birth month. Expect to receive an exclusive text message from MB Aguirre Pawnshop on your birth month, which you can present together with your pawn ticket and an accomplished accommodation slip to claim your discount at their nearest branch.
MB Aguirre follows the regulations set by the Bangko Sentral ng Pilipinas and Anti-Money Laundering Act (AMLA) to ensure that all transactions are legal and compliant.
Service Feature
Interest Rate: 3% per month
Money Exchange
Foreign Money Exchange or Money Exchange refers to another financial service of MB Aguirre Pawnshop that converts foreign currency bills to Philippine Peso. To date, the pawn shop buys and sells 19 currencies from different countries, such as the following:
- US Dollars (USD)
- Euro (EUR)
- Japanese Yen (JPY)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- British Pound (GBP)
- Hong Kong Dollar (HKD)
- Swiss Franc (CHF)
- Korean Won (KRW)
- Saudi Riyal (SAR)
- Brunei Dollar (BND)
- Singapore Dollar (SGD)
- Thai Baht (THB)
- New Taiwan Dollar (TWD)
- United Arab Emirates Dirham (AED)
- Chinese Yuan (CNY)
- Indonesian Rupiah (IDR)
- Malaysian Ringgit (MYR)
- New Zealand Dollar (NZD)
The exchange rate on each foreign currency depends on the real-time rates at the time of money exchange. It means that for every foreign bill you would exchange for Philippine pesos, the total amount will depend on the time you made your transaction as the rates keep changing over time. It is better to contact the preferred branch to get the exact and latest exchange rates for your foreign currency before you drop by.
Cash Remittance
Another financial service that works to the advantage of many Filipinos is Cash Remittance, as it allows individuals to send or receive money from within the country or even internationally. MB Aguirre Pawnshop is in partnership with Western Union Money Transfer for this service which is why you can transfer or receive cash from anyone across any region in the country or abroad.
And because it is Western Union, remitting money is possible in 550,000 locations worldwide.
Bills Payment
Paying your bills could be another hassle-free transaction through MB Aguirre pawnshop’s financial service in partnership with True Money. This is because you can purchase a prepaid load or settle utility bills and other payments via True Money. This simple go-to bills payment service will work for your convenience, from paying your internet or cable monthly subscription to topping up your prepaid plan in Smart, Globe, and many more. It is also made accessible in the pawnshop’s 50 branches across Metro Manila.
Pros
- Provides a simple pawning transaction with no required advance interest.
- Offers competitive interest rate for pawning.
- Know Your Customer (KYC) forms are made available online.
- Discounts are given for the renewal of pawned items.
Cons
- The outlets are limited and can only be found across the Greater Manila Area, such as Metro Manila, Cavite, and Laguna.
Why Choose MB Aguirre Pawnshop?
Convenient Service Transactions
Pawning, exchanging foreign bills, and paying for your bills are now made easier with the convenient service transactions that MB Aguirre Pawnshop provides its customers. In fact, pawning in the pawn shop works by filling out the KYC form, depositing your item, and claiming your cash. Paying your bills, however, can be done by filling out the KYC form and giving the exact amount due to settle your bills.
Meanwhile, money exchange can be availed by likewise filling out the KYC form and proceeding with the money exchange. Customers are better accommodated because they can accomplish these KYC forms anywhere through the provided form on the pawn shop’s official website. This means customers will no longer consume more time and stand in long lines just to get a form to do their transaction, as the form for any type of service can be easily filled out online.
Competitive Interest Rate for Pawning
The interest rate for MB Aguirre Pawnshop’s pawning service falls to 3%, and it is attractive compared to other pawn shops with the same service offer. This is beneficial for potential and existing customers because interest rates are what borrowers consider when applying for a loan, regardless of whether it is secured.
Accessible KYC Form
Before availing of any financial service, it is common for pawnshops to ask for the customers’ personal information to record the data of their transactions. However, the customers often need to ask for such forms from the branch, which sometimes takes a while. Fortunately, the form is already available on the website.
Enjoyable Discounts for Pawn Renewal
Unlike other traditional pawn shops, MB Aguirre Pawnshop provides a chance to renew your pawned item with a considerate discount. If you wish to continue pawning your valuable item and your renewal falls in your birth month, you may enjoy a 0.5% discount.
MB Aguirre Pawnshop will send you a text message during your birth month confirming that you are eligible to claim the discount. You just have to visit the branch where your item was pawned and present the text message with your pawning ticket number. After that, you must fill out their accommodation slip and wait for the pawnshop’s personnel to process the discount.
How to Sign Up
Availing of the financial services of MB Aguirre Pawnshop only takes two straightforward options: in-person or a mix of online and in-person transactions, and the rest of the processes completed at the branch.
The following are the steps that will best guide you to experience the financial services of MB Aguirre Pawnshop:
Pawning Application
Branch Application
Directly visit the nearest MB Aguirre Pawnshop branch and bring at least one (1) valid government-issued ID with the item you would like to pawn.
Hand your valuable item to the branch’s personnel and let them determine the appraisal value for the item.
Fill out the KYC form with your personal information.
If you agree with the appraisal deal, sign the pawn agreement.
Claim your cash and keep the pawn ticket.
Online & Branch Application
Visit the official website of MB Aguirre Pawnshop and select “Forms”
Choose and fill out the application form appropriate for your transaction.
Head to the nearest MB Aguirre Pawnshop branch and deposit the item you wish to pawn.
Sign on the pawn agreement if you agree with the appraisal deal.
Claim your cash and keep your pawn ticket.
Pawning Redemption
Visit the MB Aguirre Pawnshop branch, where you pawned your item and your pawn ticket.
Present your pawn ticket and let the branch associate compute the redemption fees of your pawned item. These include the principal loan amount you borrowed, the interest fee, and other charges applicable to your loan.
Redeem your pawned item from the vault custodian marked as released, untouched, and sealed.
Money Exchange
To exchange your accepted foreign currency with a peso bill, you may do the following steps:
Call MB Aguirre Pawnshop to get the latest foreign exchange rates.
Fill out the KYC form provided on the official website of MB Aguirre Pawnshop or directly visit their nearest branch to request and fill out the form.
Present at least one (1) valid ID and give your foreign bill. The branch associate will verify your details and process the transaction.
Claim and count the Philippine peso bill.
Cash Remittance
Transferring or receiving cash is made possible through MB Aguirre Pawnshop. The steps to do this service are as follows:
For Cash Sender
Fill out the KYC form online through the provided form on MB Aguirre Pawnshop’s official website. Otherwise, directly visit the branch nearby and ask for a form to fill out.
Present at least one (1) valid ID and give the exact amount of cash you would like to transfer, including the service charge.
Receive your transaction receipt and inform the recipient about the transaction number to claim the cash.
For Cash Receiver
Visit the nearest MB Aguirre Pawnshop branch.
Fill out the recipient form and present it to branch personnel with your valid ID.
Claim and count your cash.
Bills Payment
Visit the nearest MB Aguirre Pawnshop branch.
Provide the exact amount due to pay your bill.
Receive and keep your receipt.
Frequently asked questions
Where can I find the nearest MB Aguirre Pawnshop?
What are MB Aguirre pawnshops opening hours?
How much is the interest rate of MB Aguirre Pawnshop?
What is the Philippine Peso equivalent of my foreign currencies?
Can I get a discount for renewing my pawned item?
Can I pay my electricity bill in MB Aguirre Pawnshop?
Conclusion
Now that payment centers and pawnshops are growing in numbers across the country, it becomes easier to access instant cash to meet your financial needs, settle your bills, top up your subscriptions, and even exchange your foreign currencies.
While these financial services vary, it is not impossible to get all these transactions done from one place. MB Aguirre Pawnshop is one of those companies that can deliver all of these through its hybrid approach, in-person and online.