How do I get a quick loan against my vehicle? Get an answer now

Life often brings unexpected expenses. If you are self-employed, these unpleasant surprises cannot be simply solved with a trip to the bank manager. If you fit the profile, you may want a definite answer on “how do I get a quick loan against my vehicle?” If so, read on to discover the answer.

Quick Loan Against My Vehicle

What do I need to get a quick loan against my vehicle?

Obviously, you need a vehicle registered in your name. Other than that, we only require your South African ID or passport and a valid South African driver’s license. As proof that the car is registered in your name, we need the original vehicle registration papers.

In any instance of a car registered in your business name, you need the company registration papers, the South African identity documents of all the directors or close corporation members (if a CC), the car’s registration papers, and a South African driver’s license.

What about background checks if I want to apply for a quick loan against my vehicle?

Notice we didn’t state anything about a good credit record? That is because it is a pawn transaction where the car is the collateral for the money you borrow. You don’t have to deal with lengthy background checks and don’t need proof of income.

What happens to my car when I apply for a loan against it?

Your car is placed in secure and safe storage for the period. Once you have paid back the amount borrowed and the interest associated with it, you receive it back. The storage facilities have 24-hour security camera surveillance and electric perimeter fencing. Your car is protected against weather elements and is not driven for the entire period. It is not subjected to wear and tear.

How does it work?

The process is straightforward and can be completed within 30 minutes:

  • Start with the online enquiry form to have a consultant call you. Every question you may have is answered.
  • Visit one of our branches
  • Submit the required documents.
  • We assess the car’s value. Based on the value, we offer you a loan amount. This amount is not based on income, your credit history or risk profile. Instead, it is based on the value of the asset.
  • If you accept it and the application is approved, the money is paid directly into your bank account.
  • You can complete the process on the same day.

How much money can be borrowed?

You can borrow from R5 000 up to R250 000, based on the trade value of the car.

What about penalties for early settlement?

You can pay off the amount earlier without incurring penalties for early settlement.

Can I only get cash against my car?

You can borrow against your motorcycle, caravan, truck or boat as well.

Do you want to know why I want to borrow money against my vehicle?

We respect your privacy and don’t ask the reason for borrowing money. Whether you need it to pay for a holiday, your studies or to start a new business, you can do so with our quick process.

What comes next?

To get started, apply online by completing the short enquiry form.

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