Quick Short Term Loans

Why choose our quick short-term loan offer?

You don’t know what tomorrow holds. Unforeseen circumstances can cause a serious cash-flow issue. Banks and micro-lenders can provide you with the money you need to overcome a cash-flow problem, but only if you have proof of income and a good credit history. Our quick short-term loans are not based on your ability to generate income, your credit history or employment status.

Quick Short Term Loans

How do these quick short term loans work?

We lend money against your company or privately-owned vehicle. Money can be borrowed against a:

  • Passenger car
  • Bakkie
  • Truck
  • Motorcycle
  • Caravan
  • Trailer
  • Boat

Complete the online enquiry form to have a consultant contact you. You can borrow from R5000 to R250 000, based on the assessed value of the vehicle. We offer an amount based on the asset trade value and explain the interest payable according to the National Credit Regulations. The payment terms are explained. If the application is approved, we pay over the amount into your account immediately. It is quick and hassle-free. The vehicle is placed in safe storage until the amount and interest have been paid back. Once done, you receive the vehicle back in the exact order as originally presented. The agreement comes to an end.

What is the effect on your credit record?

Unlike with other types of short-term loans from banks, this a pawn transaction. Your asset is the security for the loan. This means your income, employment status, and credit history have no effect on your ability to access one of our quick short-term loans. The vehicle is the collateral. Therefore, it must be registered in your name or your business name. It must be paid off and not encumbered by any types of loans. To this end, the following documents are needed:

  • South African driver’s licence.
  • Identity document/passport.
  • Vehicle registration papers, showing you as the owner.

If the vehicle is still under finance, you cannot borrow against it. If it is registered in a company/cc name, then apart from the documents mentioned, you need the company registration documents, identity documents of the directors (close corporation members if relevant), and the original vehicle registration papers showing that the vehicle is registered in the business name.

Where is the vehicle stored?

It is placed in a highly secure storage facility where it is protected against usage, vandalism, weather elements and theft. We insure it at a reputable insurer for the period. Your asset doesn’t lose value because of wear and tear.

What happens if you cannot pay back the loan amount?

If for some reason, you find that you cannot pay an instalment, arrange for an extension of the pay-back period, provided the interest and fees have been paid up to date. If you cannot make any more payments, the vehicle is sold and the agreement comes to an end. Your credit record is not affected and you don’t owe any money.

What is the first step to accessing one of the quick short term loans?

Complete our online enquiry form to get started. It is quick, convenient and hassle-free.