With an asset-based loan from loan against, it’s fast, simple and discreet to get access to funds when you need them.
This may be to cover unexpected or emergency expenses or to exploit a business opportunity you might otherwise miss.
Advantages of a loan from loan against
At loan against, we offer asset-based loans. In other words, we offer loans against items you own that are of value – for example, a car, an item of jewellery or a valuable antique or artwork.
This type of loan has several advantages over unsecured loans, such as traditional bank loans.
1) No delays
We typically transfer funds to your account within 24 hours of application.
Simply apply online, giving us basic information about the asset you want to offer as collateral.
We’ll make an initial offer and set up an appointment to appraise the asset. We’ll then finalise the offer and, if you opt to proceed, conclude an agreement and pay out the funds straight away.
2) Minimal paperwork
The application process for a bank loan can be frustrating and time-consuming.
This is partly because the lender has to obtain and analyse information about your credit rating, employment history, current employment status and so on.
The results will determine whether your loan application is approved or rejected. They may also affect the loan terms you’re offered.
To us, all this information just isn’t relevant. We don’t need to pry into your financial history or status.
It’s purely the value of the asset you offer to secure a loan that will determine our loan offer.
3) Low risk
With an asset-based loan from loan against, there’s no risk to your income or other possessions.
In the event that you can’t repay your loan, it’s only the asset you provided as security that could be at risk.
However, we are not quick to resell assets to recoup losses. Instead, we do everything we can to negotiate a way forward if our clients need assistance. We believe that this is in both our and our clients’ best interests.
4) 100% discreet
An asset-based loan from loan against is completely confidential and discreet.
We don’t share information with any third parties.
A loan from us also will not affect your credit rating, or the credit rating of your business. That’s because – unlike banks – we don’t share information with credit bureaus.
For more information about getting an asset-based loan from loan against, simply complete and submit our online application form.
