Wondering how to get a loan against a car in Pretoria?
If you live or work near Pretoria and need a loan against your car, LoanAgainst can help. Our loans are fast, flexible and completely discreet.
How vehicle-backed loans in Pretoria work
To secure a loan against your car in Pretoria, simply follow these steps.
- tell us about your car, including its make, model, mileage and condition, and we’ll make an illustrative offer straight away
- arrange to have the vehicle appraised at our Pretoria branch – we’ll then make a formal loan offer
- if you choose, finalise a loan agreement and we’ll transfer the funds to your account, typically in less than 24 hours.
LoanAgainst will store your vehicle in a highly secure, access-controlled facility for the duration of the loan agreement.
Once the loan has been repaid, the car is returned to you, in the same condition you left it.
Who qualifies for a loan against a car in Pretoria?
If you’re the registered owner of a vehicle, you qualify for an asset-based, short-term loan from LoanAgainst.
The vehicle must be paid up in full and registered in your name.
How much money can you borrow using a car as collateral?
The amount you can borrow against a car depends on the vehicle’s age, condition, make and model.
LoanAgainst’s loans against cars are calculated as a percentage of the assessed resale value of the car.
What do you need to get a loan against a car in Pretoria?
All that’s required in terms of supporting documents is:
- a copy of your ID
- proof of residence
- the vehicle’s original registration papers.
The car registration papers must be in your name, and the car must be fully paid for.
Why get a loan against a car in Pretoria?
A loan against a car from LoanAgainst has a number of advantages:
- no laborious approval processes or delays
- funds are typically transferred within 24 hours
- there’s no impact at all on your credit rating
- completely discreet
- no hidden fees or early settlement penalties.
For more information about how to get a loan against a car in Pretoria, simply complete and submit our online application form.
