LoanAgainst offers competitive loans against cars in Ggeberha (Port Elizabeth), as well as in Cape Town, Johannesburg and Durban.
Vehicle-backed loans are fast funding solutions that aren’t tied up in red tape. With this type of loan, you can have the money you need within 24 hours.
How to get a loan against a car in Port Elizabeth
LoanAgainst is a specialist short-term loan provider with branches across South Africa.
Simply tell us your car’s make, model, age, condition and mileage, and we’ll make an illustrative offer on the spot.
If you’re satisfied with the proposed loan, we’ll arrange for expert appraisal of the car’s value at our Ggeberha branch. If all is in order, we make a formal offer, which you can choose to accept or reject there and then.
The car is handed over to us as security, an agreement is signed by both parties and the funds are electronically transferred into your bank account. All within 24 hours.
Conditions for loans against cars in Port Elizabeth
Anyone who owns a car, bakkie, van, truck or motorbike can apply for a short-term loan from LoanAgainst.
Two conditions apply:
- the car must be fully paid for
- the person who applies for the loan must be the vehicle’s registered owner.
To process your application, we’ll need a copy of your ID, proof of your current address and the original vehicle registration papers.
How much can you borrow against a car?
The loan amounts we offer depend purely on the appraised resale value of the assets offered as collateral.
Once we have independent confirmation of how much a car is worth, we offer a percentage of that value in the form of a short-term loan.
Why consider a loan against a car in Port Elizabeth
Our quick and easy personal financing loans are available to anyone who offers a suitable asset of value as security.
Because each loan we offer is secured by an asset such as a vehicle, we don’t request payslips or bank statements.
We also don’t carry out credit checks or share any information with credit bureaus – so this type of loan won’t affect your credit rating.
While your car is in our safekeeping, it will be stored in a highly secure lock-up facility. Once the funds have been paid back in full, the vehicle is returned to you in the same condition you left it.
Loans against cars by LoanAgainst are legitimate and discrete. There are no hidden fees or early settlement penalties, and our interest rates are NCR compliant.
For more information about loans against cars in Gqeberha (Port Elizabeth), simply complete and submit our online application form.
