Loan against motorcycle
Loan against motorcycle
Get a loan against your motorcycle from LoanAgainst and benefit from a fast, discrete loan application process and quick access to your loan funds.
How to get a loan against a bike
Getting loans with motorcycle collateral is simple with LoanAgainst.
Get in touch with us by calling us or using the contact form on this website. You’ll then be asked to provide us with the following information about your motorcycle:
- Make
- Model
- Year
- Mileage
- Condition
We’ll use this information to make you an initial offer so that you can decide whether you’d like to move ahead with the loan process or not.
If you are happy with our offer you’ll be invited to bring your motorcycle through to our nearest branch for an appraisal.
At this meeting we’ll review your ownership documents and assess your vehicle. If both parties are happy to go ahead we’ll write up a loan agreement.
Once you sign it loan funds will be deposited into your account within 24 hours.
Your motorcycle will then be moved into secure storage for the duration of the loan term. The bike will be returned to you once the loan amount and interest charges have been paid off.
What to bring to your meeting when you pawn your bike
We’ve kept our requirements for processing the loan against your bike as simple as possible.
When bringing your bike in for assessment, please bring:
- the original registration documents, in your name
- an original identity document
- proof of address
Why pawn a bike with LoanAgainst?
LoanAgainst allows you to turn your motorcycle into accessible funds without losing ownership of your vehicle.
We do not make you wait for weeks to hear the outcome of your loan application or require large amounts of paperwork.
Instead the loan is based on the value of your motorcycle and owner verification. If your loan application is in order, the loan approval and payout process is fast and discrete.
Apply online
Harley Davidson
Loan offer: R100 K
Honda
Loan offer: R40 K
Get a loan against your motorcycle from LoanAgainst and benefit from a fast, discrete loan application process and quick access to your loan funds.
How to get a loan against a bike
Getting loans with motorcycle collateral is simple with LoanAgainst.
Get in touch with us by calling us or using the contact form on this website. You’ll then be asked to provide us with the following information about your motorcycle:
- Make
- Model
- Year
- Mileage
- Condition
We’ll use this information to make you an initial offer so that you can decide whether you’d like to move ahead with the loan process or not.
If you are happy with our offer you’ll be invited to bring your motorcycle through to our nearest branch for an appraisal.
At this meeting we’ll review your ownership documents and assess your vehicle. If both parties are happy to go ahead we’ll write up a loan agreement.
Once you sign it loan funds will be deposited into your account within 24 hours.
Your motorcycle will then be moved into secure storage for the duration of the loan term. The bike will be returned to you once the loan amount and interest charges have been paid off.
What to bring to your meeting when you pawn your bike
We’ve kept our requirements for processing the loan against your bike as simple as possible.
When bringing your bike in for assessment, please bring:
- the original registration documents, in your name
- an original identity document
- proof of address
Why pawn a bike with LoanAgainst?
LoanAgainst allows you to turn your motorcycle into accessible funds without losing ownership of your vehicle.
We do not make you wait for weeks to hear the outcome of your loan application or require large amounts of paperwork.
Instead the loan is based on the value of your motorcycle and owner verification. If your loan application is in order, the loan approval and payout process is fast and discrete.
Apply online
Pawn your bike FAQ
Can I pawn a motorcycle without the original registration documents?
If you are not the registered owner of the motorcycle you are using as loan collateral, we will be unable to offer you a loan on it.
Can I pawn my bike if it is still under bank finance?
Unfortunately not. Bikes still under finance are the property of the bank and cannot be used as collateral against a loan.
Will anyone drive my bike during the loan period?
Your bike will be placed in secure storage and 24-hour surveillance for the duration of the loan period. Nobody will drive or tamper with your bike during this period.
Is my motorcycle insured for the loan period?
Our insurance covers your motorcycle for the duration of the loan period. However, you are responsible for insuring it while riding to and from our offices.
Pawn your bike FAQ
Can I pawn a motorcycle without the original registration documents?
If you are not the registered owner of the motorcycle you are using as loan collateral, we will be unable to offer you a loan on it.
Can I pawn my bike if it is still under bank finance?
Unfortunately not. Bikes still under finance are the property of the bank and cannot be used as collateral against a loan.
Will anyone drive my bike during the loan period?
Your bike will be placed in secure storage and 24-hour surveillance for the duration of the loan period. Nobody will drive or tamper with your bike during this period.
Is my motorcycle insured for the loan period?
Our insurance covers your motorcycle for the duration of the loan period. However, you are responsible for insuring it while riding to and from our offices.
- “Thank you so much for assisting at such short notice and handling this transaction so professionally.”JH Pierneef
- “You managed to make an awkward circumstance simple and professional. Thank you.”Wakaba Mutheki (art)
- “Just a short note to confirm that the funds are available in my account this morning. Thanks again for handling this rather embarrassing situation professionally and discreetly. I look forward to a long association with you guys.”BMW 330i
- “Your transparent valuation methodology gave me the confidence and assurance I needed to secure the funds I required. Thank you for your discreet and transparent nature in which you effected our transaction.”Diamond Ring
- “I cannot begin to thank you for your approach and the entire process you managed this ‘business deal’. Please accept my sincere thanks and appreciation for appreciating my situation and treating me with your humbleness, kindness and humanity. Your disposition is rare and far between.”Lindiwe
“You managed to make an awkward circumstance simple and professional. Thank you.”
Wakaba Mutheki (art)
Illustrative example
Client borrows R10,000 for 90 days.
|
Loan amount |
Repayment terms |
Monthly repayment |
Total repayment |
Initiation fee |
Monthly fee |
APR |
|
R10,000 |
3 Months |
R560 |
R12,370 |
R1,000 |
R650 |
60% |