If you are one of the many South Africans that had to struggle through 2016, you are not alone. The country has had a financially tumultuous year and one just has to look at the sentiments of government and listen to brief snippets of the State of the Nation address to know that the country’s economy is performing poorly. Economic growth and business confidence both took a knock in 2016, but that doesn’t mean that 2017 cannot be completely different for you. It can be the best year of your financial life, regardless of the state of the country’s finances, and it all comes down to making better financial decisions.
Applying For Pawn Loans
Many people understand that they sometimes just need a capital boost to get them out of the financial ditch they are in and into a better position, and that’s just what they can achieve by applying for pawn loans. The advantage of pawn loans is that you won’t be tied into a long-term contract and the repayment terms are structured to be easy to adhere to.
The object of our pawn loans is to hand over your vehicle as collateral. It’s ideal, because as soon as you have paid off your loan, you get your vehicle back. If you are using the financial injection to start up a business or to use to turn your financial situation around, this type of loan is perfect and you could potentially pay it off a lot quicker than expected.
Our pawn loans are designed to ultimately cater to the needs of the customers. Your privacy is of the utmost importance to us and we won’t slow you down with spans of paperwork, unnecessary credit checks and invasive affordability assessments. We keep the admin to a minimum and pay out approved loans promptly.
If you are wondering what the catch is, there isn’t one.
There are, however, a few requirements in order to take out a loan with XCELSIOR and they are as follows:
- The vehicle that you hand over as collateral must be one of the vehicles that we accept as collateral. These include cars, boats, bakkies, trucks, SUVs, motorbikes, and jet skis.
- The collateral vehicle must be paid off in full and registered in your name.
- You must be willing to leave the vehicle at our secure storage facility for the duration of your loan period.
- Your loan amount cannot be less than R5000 and cannot be more than R500 000.
- We can only provide loans for up to 50% of the value of the vehicle.
And that’s it! We truly make loans easy. It’s as simple as 1, 2, 3! Just fill out an online loan application and allow for our vehicle assessor to visit you to ascertain the value of the vehicle and present you with a loan offer.
If you would like more information on how pawn loans work and would like to consider applying for one with us, simply get in touch with us at your convenience. Speak to a consultant at XCELSIOR for more advice and guidance today.
