Need cash in a hurry and don’t want to face the rigmarole of applying for a traditional loan? Pawn loans could be just the solution for you.
You can benefit from a pawn loan if:
- You are blacklisted or have a bad credit rating.
- You are looking for a quick cash injection of between R5 000 and R500 000.
- You have a vehicle that you can use as collateral.
- You have been denied regular credit / financial aid at a bank or other financial institution.
- You want to benefit from affordable and easy repayment terms.
- You aren’t employed or you cannot supply 3 months’ payslips.
Pawn loans are designed to help individuals acquire the cash that they need without getting caught in a long-term contract. A vehicle is accepted as a form of collateral. This vehicle is kept by the lending institution until such time as the loan is repaid. The vehicle is only ever sold if the loan repayments cannot be made and the agreement is defaulted on.
At XCELSIOR, we offer pawn loans to those who want to avoid the hassle and stress of having to apply for a regular loan. We don’t carry out credit checks or employment checks, and we won’t go through the process of an affordability test either. What we will do is ensure that an assessor visits your premises to work out the value of your vehicle. We can provide you with up to 50% of the vehicle’s value. We accept passenger cars, trucks, bakkies, motorbikes, Jet Skis and similar, as suitable forms of collateral. The vehicle has to be paid off and registered in your name. You can then decide if you want to go ahead with the pawn loan or not. If you choose to go ahead, we will store the vehicle at our safe and secure facility for the duration of your loan.
What makes pawn loans the obvious choice? First and foremost, you can save a great deal of time on the application and payout process. We won’t keep you waiting around. In fact, most loans are paid out on the same day as they are applied for or latest on the next business day. You can also avoid the potential embarrassment of applying for a loan and being rejected due to a poor credit rating, blacklisting or not having a permanent job.
When dealing with our team at XCELSIOR, you can expect a friendly and approachable consultant to assist you every step of the way. Applications are done quickly and easily online – thereafter, we will be in touch with you in order to handle the finer details.
If you would like to learn more about how pawn loans work and would like to apply for one with us, get in touch with us at your earliest convenience. Send us an email or give us a call at XCELSIOR and find the financial stability that you are looking for, today. Turn to XCELSIOR for all of your pawn loan needs and requirements.