Date Updated: 2/4/2025
This article will guide you though how to change the negotiated interest rate on a loan. The negotiated interest rate will be the new interest percentage of your loan.
Instructions
- Begin your Pawn transaction by following the steps in the Pawn or Buy a General Merchandise Item article or the Taking in Jewelry Video.
- When you are back at the Transactions screen, click Edit on the Loan line:
The Pawn Ticket Detail window will pop up.
- Click the arrow beside Change Interest to see the option to adjust the Interest Rate:
- The Pawn Ticket Detail window now shows the Negotiated Rate field.
- Adjust this amount using the arrows or by typing the desired interest rate.
- Click Ok.
- Click Next on the transaction screen.
Note: The maximum allowed negotiated rate is set in Store configuration. The negotiated interest rate will remain fixed for the loan's duration.
- Negotiating interest will create an exception in Bravo. If authorized, you can approve it yourself; otherwise, get approval to proceed.
- At the Tender Screen, select the tender type and finish the transaction.
Date Updated: 2/4/2025