Are you self-employed and need a cash flow injection into your business? Are you struggling to get finance for your business venture or simply bridging capital to get through a difficult period? A quick and simple solution is available as you can now get a loan against your car in Boksburg.
Though most institutions will not lend money to someone who does not have proof of monthly income, alternatives are available. One effective means is to pawn your vehicle.
How to get a loan against your car?
Regardless of whether your business is in Boksburg, Germiston or another Gauteng city, we have made it easier than ever to get cash against a vehicle. All you need is a vehicle registered in your name and on which you do not owe money to a creditor. This means you must have the original registration papers for the vehicle. You also need your ID and driver’s license.
But what if you want to borrow money against a car owed by your business?
If the vehicle is registered in the company’s name, you need to submit the Memorandum of Incorporation and company registration papers. You also need to submit the details of each director, including a copy of their IDs.
How the process works
To start, simply complete the online form. A consultant will then help you to complete the process, which is quick and straightforward. We do not perform credit or background checks as it is a pawn transaction, and the vehicle is the collateral for the amount you want to borrow.
We determine the amount through a value assessment of the vehicle at one of 6 branches. You can borrow from R5 000 up to R250 000, depending on the assessed value of the car. The process starts with an online or telephonic enquiry. You then visit one of our branches and submit the relevant documents, after which the vehicle is assessed in order for us to establish its value and how much we can offer you. If you accept the offer, we will get the agreement in place. The amount is transferred to your bank account once it has been approved. The vehicle is placed in safe storage for your peace of mind. You repay the loan according to the agreed terms. Once the amount is paid up, you can take possession of your vehicle once again.
You can thus get cash to keep your business operating and minimise the risk of losing your income and assets. Plus, with no credit checks, you will be able to get the money within 30 minutes. Apply online now to get a loan against your car in Boksburg without proof of income.
