If you are blacklisted, loans can be quite impossible to achieve. Many South Africans have found themselves blacklisted or under debt review, and as a result cannot acquire access to bridging cash or financial aid when they need it most. Most lending institutions will require an individual to have a squeaky clean credit record before they will approve a loan of any amount. At XCELSIOR we eliminate this inconvenience and welcome everyone, blacklisted or not, to apply for a loan with us.
What makes our loan model different to other financial institutions? The fact that we do not do any background checks and ask no questions regarding your loan amount is what sets us apart from the rest. You will of course need collateral in the form of a vehicle. The vehicles that we consider acceptable forms of collateral include motorbikes, bakkies, SUVs, trucks, Jet Skis and similar.
If you are not considered credible by mainstream financial institutions, then rest assured that what we have to offer is beneficial to you. When applying for a loan, you are merely required to complete our online application form or give us a call to arrange an appointment to meet you. You will need to supply us with your personal details and the details of the vehicle that you will be using as collateral. A consultant will need to visit your premises to assess the vehicle and attach a value to it. After the assessment, we can grant a loan up to a maximum of 50% of the vehicle’s value. If you agree to the terms, the vehicle will be stored at our well-secured storage facility and the cash will be paid into your bank account within just 30 minutes.
When it comes to repayments, you can choose the option that works best for you. You can select to pay the entire amount in full, to settle your account by a pre-agreed date, or you can pay the amount off in set monthly instalments. In the event of you not being able to repay the loan, the collateral vehicle can be sold to cover the outstanding debt. Any additional cash earned from the sale of the vehicle will be paid directly over to you. This is just another way in which we show our clients that we are in it for them.
We have a great newsletter that you can register for on our website, if you want to keep up-to-date with what is happening at XCELSIOR. You can also connect with us on Facebook, Twitter and Google+. Alternatively, those who have questions regarding our service and would like prompt and efficient answers, contact us directly via email or telephone.
Our team wants nothing more than for your best interests to be catered to. At XCELSIOR, we offer blacklisted individuals loans that are easy to register for, pay out promptly and require no background checks. Take the time to chat to us at your earliest convenience – get an XCELSIOR loan today.