Many South Africans are familiar with the smothering feeling of mounting debt. When your monthly expenses exceed your income, it can feel like the walls are closing in on you. Before you are blacklisted or before you fall on tough times, it is best to seek out professional financial assistance. Easier said than done, right? Not really. If you seek out a debt consolidation loan at XCELSIOR, you can receive the cash you need almost instantly. With a same day debt consolidation loan, you can pay off your accounts, and get back on your feet, without having to tie yourself into a long-term contract.
Even Blacklisted Individuals Can Get Debt Consolidation Loans at XCELSIOR
Before you start thinking that your current financial situation will negatively impact the outcome of any loan application, think again! Not all loans require a good credit record, proof of income, and affordability assessments. At XCELSIOR, our debt consolidation loans simply require you to provide collateral. We accept collateral in the form of a vehicle, such as a car, bakkie, truck, or jet ski.
Your Vehicle Will be Safe and Sound During Your Loan
Now, do not stress too much. You are not selling your vehicle to cover your expenses. When you take out a debt consolidation loan, your vehicle is used as collateral, and it is stored in a safe and secure facility for the duration of your loan. Once the loan is repaid, the vehicle is released back into your care. This means that you get to keep one of your most valuable assets, and still get yourself out of tough times.
Anyone and Everyone Can Apply for a Loan
Debt consolidation loans are available to anyone and everyone who is over 18 years of age and is a South African citizen. The only other requirements are that the vehicle must already be paid off in full, and must be registered in your name. You can use another person’s vehicle as collateral, but then you will need to provide a letter from the owner stating that you are authorised to do so, along with the vehicle’s registration papers.
Quick and Easy Online Loan Application
Applying for a debt consolidation loan with XCELSIOR is as simple as completing our online application form. Once we receive your application, an assessor will be sent to view the vehicle and provide you with a value assessment. We can loan you an amount that is equal to 50% of the vehicle value. We have a minimum loan amount of R 5 000, and a maximum loan amount of R 500 000 in place.
Contact XCELSIOR for More Information
If you need more information and advice on debt consolidation loans, waste no more time. All you need to do is get in touch with us at XCELSIOR via email or telephone. Alternatively, you can head over to the application form, and submit your loan request online. If you apply during business hours on a business day, you can expect your loan to be paid out in as little as just 45 minutes!