Getting a loan against a car in Durban couldn’t be easier, with LoanAgainst. Simply let us know about the make, model and condition of your vehicle, and we’ll make an immediate loan offer.
Where to apply for a loan against a car in Durban
At LoanAgainst, we specialise in providing fast, cash loans against assets of value, such as cars, motorbikes, boats, vans, bakkies and utility vehicles.
You can contact our Durban branch on 067 1153 453. We also operate in Cape Town, Gqeberha (Port Elizabeth) and Johannesburg.
How car-backed loans in Durban work
Call us or use our online application form to tell us about your car.
Using the information you supply, we’ll make a provisional offer of a loan. You can choose to accept or reject the offer.
If you want to proceed, we’ll need to arrange to appraise the vehicle at our Durban branch. We’ll then make a formal loan offer.
Choose to continue and we’ll draw up an agreement, which is signed by both parties.
Your car is retained by us as security for the loan. It’s securely stored and insured.
The funds are transferred to you via EFT. At LoanAgainst, we make every effort to process loans against cars on the same day – so you can get the funds you need within 24 hours.
After paying back the loan and agreed interest, the car is returned to you, in exactly the same condition you left it.
What you need to borrow money against a car
To get a loan against a car in Durban, you’ll need to provide:
- a copy of your ID
- proof of residence (like a utility bill)
- the car’s original vehicle registration papers, which must be in your name.
Why get a loan against a car in Durban?
A loan against a car is a fast, low-risk and discreet way of getting funds.
We don’t require proof of income and we don’t disqualify applicants based on their financial track records.
We also do not disclose any information to credit bureaus, so a loan against a vehicle won’t affect your credit rating.
Our loan agreements are clear and straightforward, and our interest rates are competitive. There are no hidden fees and we don’t impose early settlement penalties.
When to get an instant cash loan backed by a car in Durban
Car-backed loans are ideal for anyone who needs short-term access to emergency funding.
This may be to cover expenses or to take advantage of a business opportunity.
The process is much faster than selling a vehicle – and it means you’ll have your vehicle back once the loan is repaid. It’s also faster and easier than getting a traditional bank loan.
For more information about getting a loan against a car in Durban, simply complete and submit our online application form.
