Borrowing from Pawn Broker

How good it is to borrow from pawn brokers and such people when we have more secure ways like Banks?

Easy reach, small process, Available in 15 min.

Some time people require money as Black Money only ..
They need not have a bank account, PAN, etc etc ..
Repayment schedule is flexible with out any penalty.
People with low credit history have only this way of getting loan.
It is not only property or Gold you can even give your bike as security.

One should take loan from pawn broker only if they have known them from years, how they have conducted their business in past.

Well said Bhupesh

gbhupesh wrote:It is not only property or Gold you can even give your bike as security.

I remember an interview by the Kannada actor Ganesh ( Mungaru male fame ) telling that during his struggling days some times he used send his bike for learning hindi

Didn't understand- Sending his bike to learn Hindi?