Tuesday, August 20, 2013

A Pawnshop for Designer Handbag Loans in HongKong

Louis Vuitton Store display in HK
Here in the Phil, we know that cellphones, gadgets, designer watches, and even scooters and motorcyles are accepted as pawn collateral for a loan. But, in Hongkong, Yes Lady Finance Co. offers loans guaranteed by the value of Gucci, Chanel, Hermès or Louis Vuitton handbags as these luxury handbags are considered goods that retain their retail value.

Yes Lady Finance Co. provides a loan within 5 minutes (as indicated on their website HERE) 80% of the bag's value — as long as it is from Gucci, Chanel, Hermès or Louis Vuitton. Occasionally, a Prada bag will also be accepted. Secondhand classic purses and special-edition handbags often retain much of their retail prices....according to Wall Street Journal.
Hermès Victoria II

Yes Lady, (its Cantonese name translates to "Rich Woman,") unlike other Pawnshops, caters to wealthy HK residents who could afford to pay thousands of dollars for luxury handbags, but whose assets may be tied up in stocks or other luxury items.  This is what you call niche and innovative marketing!

Calling Tambunting and Cebuana Lhuillier ... great idea, right?


  1. do you know where i can pawn my authentic coach bag? i am in need of money for my mother's kidney operation.please help me.

  2. For a Business Loan it may be a better route to contact your local Bank or Building Society.
    Why would I want a Secured Loan instead of an Unsecured Loan?Nopsacredit

  3. You can try fast cash loans, there are companies with good credit terms. For example I found loans on https://binixo.ph/ there is 1% per day interest rate. As I know they give loans for unemployed.


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