Loans can be tricky to apply for and achieve. In fact, many people don’t know the difference between a secured and an unsecured loan. At XCELSIOR, we offer secured loans. These types of loans are quite different to regular loans, as we can only grant them to people who have collateral to pledge against their loan as “security”.
This means that if the loan cannot be paid off, the collateral item is used to cover the cost of the loan / the outstanding amount. While all financial institutions are different, the collateral item must be of sufficient value to cover the loan amount. We accept vehicles such as motorbikes, cars, SUVs, trucks and even sport vehicles, such as jet skis.
Clients who are not usually considered by mainstream financial institutions find that secured or collateral loans are easier to achieve than regular loans. Why is this? The following reasons:
- Collateral loans require no background or financial credit checks to be carried out.
- Applicants don’t need to have a permanent job in order to qualify for a collateral loan.
- The collateral vehicle used is kept in safe and secure storage for the duration of your loan period.
- Blacklisted individuals are welcome to apply for a loan with us and will be granted approval if they have a vehicle to use as collateral.
At XCELSIOR, we can provide our applicants with up to 50% of the value of the vehicle. We can ensure that the entire process is completed in as little as just a few hours. In fact, you can apply, meet with one of our assessors and have the money paid into your account in just one day. The vehicle will be professionally assessed before the loan amount can be offered to you.
How do you repay a loan amount to XCELSIOR? At XCELSIOR, we understand that everyone’s financial situation is different. You might need the financial assistance to start a new business, pay off your debts or to make ends meet when you have a little too much month at the end of your money. As a result of this, your ability to repay the loan will differ and that is why we present our clients with flexible payment terms. You can pay the amount back in one lump sum or you can make monthly payments according to a schedule that suits your budget. In the event that you cannot repay the loan as agreed, you will need to surrender your vehicle to be sold to cover the costs of the loan amount. It’s that simple.
At XCELSIOR, we welcome all of our potential clients to take the time to apply for our low cost, low interest and easy to arrange loans. Our consultants are always available to discuss your needs and requirements, and will ensure that you are provided with all the information you need in order to acquire the financial aid that you need. For more information and advice, contact us at XCELSIOR via email or telephone without any further delay.
