If you have been hunting around for the best loan deals on the market, you will have undoubtedly discovered that secured loans are the easiest to acquire and manage. A secured loan is one that is provided in return for collateral. The collateral item is held until such time as the loan amount is repaid. The idea behind such a loan is that if the amount cannot be settled as arranged or agreed upon, the collateral item will be sold to cover the outstanding amount.
At XCELSIOR, we provide the market with access to secured loans that are simple to apply for and set in place. Our consultants will ensure that you find the process absolutely easy. In fact, all you need to do is complete our quick online form providing us with your personal details and the details of your collateral vehicle and we will ensure that someone pays you a visit to complete the process and asses the value of the vehicle.
The entire process will take less than an hour and if you agree to the terms and the application is processed in good time, we will do the EFT payment immediately. We won’t keep you waiting around – we know just how important it is to have cash made readily available when emergencies or unexpected expenses present themselves.
Do You Qualify for a Secured Loan with XCELSIOR?
If you have a vehicle available, then yes you do. We accept trucks, bakkies, cars, motor bikes, jet skis and similar vehicles as suitable forms of collateral. These vehicles once assessed will be stored at our storage facility – we can collect it or you can choose to personally deliver it to us. Our storage units offer 24 hour security for your vehicle and this provides much needed peace of mind.
Let’s take a look at the important factors you need to bear in mind. When taking out a loan, the amount that you can receive is vitally important. Maybe you need to pay for an operation or need funds to open a business – whatever your needs may be, we will ensure that they are catered to promptly and professionally. Our minimum loan amount is R5 000 and our maximum loan amount can only be up to 50% of the assessed value of your vehicle with a limit set on R500 000. This means that we cannot loan you anything over R500 000.
How you repay your loan is up to you and, of course, there are options to consider. If you want to pay back a monthly instalment, this can be arranged. A full lump sum can also be paid back on a certain specified date, if it is easier for you. Keep in mind that your collateral vehicle can only be returned when the loan is repaid and if you default on your payment, the vehicle can be sold to defray costs. You will find that we are completely fair in our dealings and if anything extra is collected on the sale of your vehicle, we will ensure that it is paid over to you.
When times are tough or if you just need bridging cash, it can be hard to find a reliable source of financial aid. It is particularly difficult for those who do not have great credit rating or have been blacklisted to receive a loan from banks and financial lending institutions. We set out to help these individuals in their time of need.
If you are looking for secured loans and do not want to be kept waiting, get in touch with us at XCELSIOR without any further delay. We have a loan model and process that will suit your needs perfectly.
