Municipal lending office Augsburg

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Municipal lending office Augsburg.

The municipal lending office in Augsburg is a communal institution that lends money in exchange for pledges . This institution, founded in 1603, is the oldest existing communal lending office in Germany.

The lending office is subordinate to the finance department of the city of Augsburg. Due to private competition and the expansion of online trading, the lending office was closed at the end of 2018.

functionality

A customer who has temporary cash requirements and for some reason not the credit offers a bank , savings bank wants to use or other financial institution, in his can property located valuables can borrow from the pawnshop.

The loan is granted quickly at the lending office, as there is no need for a credit check or information requests from Schufa . The value of the item brought is determined by sworn appraisers and paid out in cash with a security discount. At the same time, the customer receives a pawn ticket with a precise description of the item provided, its estimated value, the loan amount and the due date for later collection. When borrowing money against a deposit, the costs are higher than those of the competition. Depending on the amount, 3, 3½ or 4 percent per month is due.

Immortal , movable objects of all kinds in perfect condition are lent . Securities , savings books and clothing are excluded . The range of lent items is wide, 90 percent of the items are jewelry made of gold or silver , jewels or expensive watches . But you can also temporarily borrow your bicycle , high-quality china or old silver cutlery . The clientele is not limited to Augsburg residents, people from the surrounding area also come for loan. The vast majority of items are picked up again after three months by repayment of the amount including interest and fees.

It is possible to extend the loan for a further three months, but in this case an estimate is made again and the old one is exchanged for a new pawn ticket. Only a small part of the pledges must be sold to interested parties by public auction after a monthly grace period has expired .

history

In Augsburg a forerunner of the lending office was created in the years 1571–1574 in the monastery of St. Anna. At that time there was a wave of price increases that forced some citizens to move their belongings. Since banks did not yet exist in the current sense, this was the only way for citizens in a liquidity crunch to obtain money temporarily.

The lending office of the imperial city was set up on the decision of the council on March 11, 1603 and started its activity immediately. The aim was to create a corrective to private pawnbrokers at that time who used usurious interest. The city architect Elias Holl received the order to build a pawn shop and pawnshop around 1605/1606. It was located on the site of today's city ​​theater and had to make way for it in 1876. The municipal lending office was quartered in rooms in the former Jesuit college St. Salvator on Jesuitengasse. After the Second World War, the lending office found a place to stay from 1949 in the vaults of the former Heilig-Geist-Spital near Rabenbad. It reopened on June 7, 1949. Because of the necessary structural renovation of the Heilig-Geist-Spital and space problems, the lending office received its current domicile near the church of St. Max in 2000.

Web links

Individual evidence

  1. ↑ After 415 years: Oldest lending office is closed . Süddeutsche Zeitung , November 11, 2017, accessed on August 26, 2020 . .
  2. ↑ Augsburger Allgemeine of February 9, 2009: “Many save themselves from month to month” , queried on October 6, 2015
  3. ^ Article Städtisches Leihamt in the Augsburger Stadtlexikon , 2nd edition 1998, page 843, ISBN 3-922769-28-4
  4. ↑ Calendar for June 7th ( memento of August 17th, 2005 in the Internet Archive ), accessed on July 3rd, 2009

Coordinates: 48 ° 22 ′ 22.7 ″  N , 10 ° 54 ′ 14.5 ″  E