Need a Loan Company?

Need A Loan in A Hurry? Try Our Loan Company!

All of us go through a rough patch financially at some stage of our lives. Sometimes this is due to illness or it could be that you need money to pay for university of school fees. While it is easy to repay smaller amounts, many people are not in a position to scrape together a lump sum of money that may be required in certain situations. When these financial crises strike, you need a good loan company on your side!

Most people choose to borrow money from relatives or apply for a bank loan. The truth is that relatives are not always in a position to help, and the risk-averse banks have become notoriously difficult to deal with when it comes to securing bank loans. In the current tough economic climate, it has become quite risky for financial service providers to offer personal loans. This is when you need to think about an alternative solution – and that would be a loan company that can provide you with a collateral loan.

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What A Collateral Loan Is

A collateral loan is an amount of money you borrow from a loan company by providing some form of collateral in return as security. Usually, a vehicle, caravan, motorbike, or truck can be offered against which to secure the loan. The value of the loan will depend on the value of the vehicle offered as collateral. A loan company will typically determine the value of the vehicle and offer a loan for up to 50% of its assessed value. The person applying for the loan will agree to loan-repayment terms with the loan company and an agreement will be drawn up. This loan agreement will state how much money is borrowed, the repayment terms, the interest rate, and the number of repayments that must be made.

Some loan companies also have an early-repayment clause, so it is important to ensure that all the paperwork and loan agreements are fully understood and agreed upon by both parties. The vehicle of the borrower is then impounded by the loan company and taken into safe storage where it will remain until the loan is paid off. The borrower will receive the loan amount via a payment by the loan company straight into their account. The borrower will pay off the money according to the terms agreed, and once the debt has been settled, the vehicle will be returned to the borrower.


We specialise in collateral loans for those who need to get hold of a lump sum of money in a hurry. All we require is that you provide us with a vehicle, caravan, motorbike, or truck as collateral. We disregard your credit record, employment status, or credit-bureau listing, because we use your vehicle to secure the loan. This means that, even if you have been blacklisted, you can still apply for a loan with us!

Our application process is quick and easy, and you could have the money in your account in an hour or two. Just give our team at the XCELSIOR loan company a call to find out more.

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