Loan Against a Car in Brackenfell

Loan Against a Car in Brackenfell
August 11, 2022 gnuworld
loan against a car in Brackenfell

If you need quick access to cash, you can get a loan against a car in Brackenfell.

LoanAgainst is a registered financial services provider that offers fast and discreet loans against cars and other assets in Brackenfell.

What is a loan against a car?

A loan against a car is a type of short-term loan that uses a paid-off car as collateral.

This is known as an asset-based loan. It’s a quick and secure way to get access to funds.

With unsecured loans from a bank, you must have a good credit rating and a steady income, which doesn’t work for everyone.

With an asset-based loan, the car secures the loan. You can get a loan even if you’re blacklisted.

Who can get a loan against a car in Brackenfell?

Anyone with a fully paid-off car in his or her name can apply for a loan against a car in Brackenfell.

You don’t need to have a full-time job and you don’t need to include your credit score in your application.

This type of loan lets you access the intrinsic value of your car without selling it.

How a loan against a car works

The loan amount is based on the resale value of the car.

If you’re happy with the loan offer, we take temporary possession of your car until the loan is repaid.

The car is stored securely and no one is allowed to drive it.

Once the loan is repaid in full, including the interest, your car is returned to you. Your ownership is unaffected.

How to apply for a loan against a car in Brackenfell

To apply for a loan against a car in Brackenfell, you can start your application online or contact us for more info.

You supply us with details of your car and, based on that, we’ll make an initial loan offer.

If you’re happy, the car is appraised in person and a final offer is made.

If you want to go ahead with the loan, you must supply:

  • a copy of your ID
  • proof of residence
  • the vehicle’s original registration papers.

Once the paperwork is finalised, the funds are transferred directly into your bank account within 24 hours.

Advantages of loans against cars

Getting a loan against a car has many advantages compared to a traditional bank loan:

  • quick access to funds
  • no credit checks
  • credit score is unaffected
  • no lingering long-term debt
  • quick and simple application process
  • no hidden fees or early settlement penalties.

Getting a loan against a car in Brackenfell with LoanAgainst

LoanAgainst offers quick and easy loans against cars in Brackenfell. We’re an established and registered financial services provider with NCR-compliant interest rates.

For more information about how to get a loan against a car in Brackenfell, contact us on 079 726 4690 or simply submit our online application form.