Need money fast? Not ready to part with your vehicle forever? Do not sell it. We have the solution. Pawning your car is one of the fastest ways to access cash when you need it most. You do not need to give up ownership of your vehicle since you simply borrow against its value. It is similar to putting up an investment certificate as security. It still belongs to you, but until you have paid off the loan, the shares certificate cannot be used, and you cannot sell the shares. Once you have paid the loan, you still have the shares certificate and whatever you have bought with the money you borrowed.
Use the money the way you want to without having to state the reason for borrowing
You have the right to privacy, and we respect it. When pawning your car, instead of selling it for cash, you get access to cash quickly. This can be used in any way you like. You may want to buy shares in a business or perhaps you need cash to pay for your studies. Whatever the reason, we do not require you to state what you want to do with your money.
Keep your vehicle safe throughout the loan period
Pawning any item entails putting it up as security. To protect the asset while the loan is paid back, it is safely stored. This is also required by the National Credit Regulator. We adhere to ethical practices, and this means lending money in adherence with the credit laws of the country.
Your vehicle is kept safe in a secure storage facility where it is protected against vandalism and theft. We know how valuable your vehicle is and that is why we insure it for the period. You are also welcome to insure it. The facility has camera monitoring in place in addition to access control and an electric perimeter fence. The vehicle is not driven for the entire period of the loan. It is not exposed to wear and tear.
Amount borrowed is not based on your income, but the assessed value of the vehicle
The amount you can borrow is not linked to your income, credit history, or proof of employment. You do not need anything other than:
- Your identity document
- Original vehicle registration papers to prove ownership
- Your valid South African driver’s licence
If the vehicle is registered in your company’s name, then you can still borrow against it. In this instance, get the following ready:
- Identity documents of all the directors
- Valid South African driver’s licence
- Original vehicle registration papers
- Company registration papers
How much can you get?
You can borrow between R5 000 and R250 000, depending on the assessed value of your vehicle.
Pawning your car has never been easier. The application can be completed within 30 minutes, and once approved, you receive the money in your account. If you need cash fast, do not delay. Complete the online enquiry form and we will call you.