Sometimes making your money stretch to the end of the month can seem impossible, especially if unexpected expenses or emergencies present themselves. Many people don’t have the luxury of being able to save money every month and often it means that bridging finance is needed. Financial shortages can be the cause of much stress in our lives and without a safety net or backup plan, being faced with a lack of funds can seem overwhelming – but it really doesn’t have to be that way.
At XCELSIOR, we offer individuals in financial crises a helping hand, with our bridging finance loans. These loans are designed to help individuals who need short term cash to help them through a difficult time or to kick start a new project. Regardless of your reasons for requiring financial aid, at XCELSIOR we have just the solution for you!
What makes XCELSIOR’s loans different?
For starters, we offer our loans to absolutely anybody who has a vehicle available to use as collateral. We don’t carry out credit checks on our applicants and we won’t ask you to prove that you are employed. We don’t even need to take a look at your bank statements. These loans are designed to also help those who are already blacklisted or have a poor credit history.
The vehicles that you can use as collateral when making your application include the following:
- Motorbikes
- Jet skis
- Trucks
- Bakkies
- Vans
- LDVs
- Passenger vehicles
Of course, if you have a vehicle and you aren’t sure if we accept it, simply give us a call for some advice from our consultants.
When presenting a vehicle as collateral you will need to be able to prove that the vehicle is registered in your name and actually belongs to you (it must be paid off). On accepting your vehicle, we will need to store it for the duration of your loan period. We have a safe storage security available where security is a top priority – rest assured that your vehicle will be absolutely safe for the duration of your loan. Loan amounts can be no less than R5000 and no more than R500 000. Also, we can only provide you with a loan of up to 50% of the total assessed value of your vehicle. Keep this in mind when making your initial application.
What happens to your vehicle once your loan is paid off?
On completion of your loan repayments, the vehicle will be released to you. The only time we will keep a vehicle or sell it, is if the loan applicant defaults on their repayments. In this case, the vehicle is sold to defray costs and any extra money made in the sale is paid over into your bank account.
At XCELSIOR, we take great pride in how we handle each of our clients with the dignity and respect that they deserve. When you run into tough times; we will ensure that you feel absolutely comfortable turning to us for financial aid. We will handle the application process swiftly so that you aren’t kept waiting around for your pay out too. We understand just how stressful it can be during a time of money shortage and so we will do everything possible to ensure that you receive the required cash when you need it.
At XCELSIOR, we look forward to assisting you with your bridging finance needs. Our dedication to customer service excellence and the fact that we have your best interests at heart will ensure that you receive a phenomenal service. We welcome you to contact us via email or telephone to learn more about your bridging finance options at XCELSIOR today.
