Most people will at some stage need to borrow money to get through a tight financial spot. In some cases it could be the result of an emergency where fast money is required to pay for something when the required financial resources are unavailable. Money may be tied up in an investment, cash flow may be bad and money is needed quickly. Banks are often unwilling to lend money and even if you do qualify for a loan, the process may take days, or even weeks. If you have been blacklisted, the chances of you being approved for a loan are virtually zero! During these times you need a reliable credit provider that can provide low interest secured loans quickly!
XCELSIOR is a registered credit provider taking the loan industry by storm due to its unique way of providing secured loans. The process is revolutionary, fast and simple. It works on the principle of obtaining an asset from the lender to act as security for the loan and keeping the asset until the loan is repaid in full. The application process is unusually quick – about 30 minutes and clients could have access to their money within the hour.
Unlike other financial institutions, XCELSIOR do not do background checks and credit checks, as the loan is secured by the asset. This enables us to welcome clients that have been blacklisted or have bad credit rating. Anybody with a motorised asset such as a car, bike, truck or even jet-ski may qualify for a loan of R5,000 up to R500,000! All you have to do is contact us and apply!
A Secured Loan in a Few Easy Steps
The application process is fast and simple and can be done in a few easy steps.
- Application form: You may apply for your secured loans by filling in the online form on our website and one of our representatives will contact you shortly afterwards. In addition to this, you may call and make an appointment at our offices, or at your home. We will meet you at a location that suits you.
- Valuation process: Once the application has been completed, we will value the asset you are using as collateral. We take any motorised vehicle such as your car, bakkie, bike or even a boat or Jet Ski! As long as the asset is in good, driveable condition we will accept it. We will lend you 50% of the value of the asset. If you need more money, you may use more than one asset as security. We will then determine how much money you qualify for. We will arrange to have the asset collected or you can deliver it yourself.
- Repayment plan: Once we have agreed on the amount of money to be borrowed, we will work out a repayment plan for you and indicate all charges and interest clearly to you. There will be no nasty surprises or hidden costs. You will be expected to stick to this repayment plan until the loan has been paid off.
- Money transfer: Once all relevant information has been exchanged, we will transfer money into your account in your presence. This means that you money may be available within the hour!
We aim to complete this process in 30 minutes or under, but it may take a little longer.
What happens next?
You now have to stick to the repayment plan and repay your loan as agreed, within the repayment period. Once you have repaid the loan in full, we will return your asset to you in the condition that we received it.
In the meantime, you may rest assured that your asset is safe with us. Nobody will be using the asset while it is with us and it will be stored safely and securely in our special, well-secured and guarded storage facility with state of the art security. We also have insurance against theft or damage of any assets.
As with any other secured loans, you asset will serve as collateral. If you cannot repay the loan according to the agreement, we may be able to negotiate different repayment terms, but we will still retain the asset until the loan is paid off. In the very unfortunate event that you are unable to repay the loan, or if you decide to transact the asset for the loan, we will sell your asset to recoup the cost of the loan. We will return any money to you left over after the loan amount has been deducted. We are the only financial institution that will do this – other credit providers will not return any monies after sale of an asset.
If you need some cash in a hurry and have a viable asset that you can use as collateral, give us a call today. We will be happy to help!