Getting a Loan Against a Suzuki
With Pawn My Car, getting a loan against a Suzuki car, motorcycle or SUV is a quick, straightforward way to access funds.
Suzuki has enjoyed a presence in South Africa since 2008. Especially over the past decade, this Japanese auto brand has grown from strength to strength in our local markets.
As of May 2022, Suzuki has passed both Toyota and Volkswagen to become South Africa’s best-selling car brand.
If you own a fully paid-up Suzuki vehicle and need short-term access to funds, using the vehicle to get a loan is a fast, straightforward option. You don’t have to sell, or wait for the funds.
How to get a loan against a Suzuki
There are two ways to initiate a loan against a Suzuki motor vehicle.
You can contact the Pawn My Car call centre or you can submit an application online. In both instances, an indicative offer of a loan is given almost immediately.
If you wish to proceed, an appointment is set up to have the Suzuki physically appraised at a Pawn My Car branch.
A formal offer of funding is made, based on the assessed resale value of the vehicle. An agreement is drawn up and signed. The Suzuki is retained in safe storage for the duration of the loan.
The only documents required to support the loan are the vehicle’s original registration papers, made out in your name, a copy of your ID and proof of residence.
Funds are electronically transferred into your bank account, either while you wait or within 24 hours. Once the loan is repaid, the Suzuki is available for collection.
When it makes sense to pawn a Suzuki
Pawning a Suzuki is a way to leverage the vehicle’s value, without having to sell it.
Some advantages of getting a loan against a vehicle from Pawn My Car:
- no credit checks
- no hidden fees or early repayment penalties
- discreet and confidential
- competitive interest rates
- no delays and minimal red tape
- reliable and accredited finance provider.
Where to get a loan against a Suzuki: our branches
Pawn My Car is a registered finance provider with branches in key South African cities. Our consultants are available during office hours to set up vehicle appraisal appointments. We process loans against cars quickly and efficiently.
Where to get a loan against a Suzuki in Cape Town |
Pawn My Car Cape Town: 021 419 1113 |
Where to get a loan against a Suzuki in Johannesburg |
Pawn My Car Sandton: 011 440 0052 |
Where to get a loan against a Suzuki in Durban |
Pawn My Car Durban: 031 305 7202 |
Where to get a loan against a Suzuki in Gqeberha (Port Elizabeth) |
Pawn My Car Port Elizabeth: 041 368 9590 |
For more information about getting a loan against a Suzuki or another vehicle in South Africa, contact us on 0861 112 866 or simply complete and submit our online application form.
APR & Loan period
Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Non-payment
Non-payments may result in the matters being escalated.
Illustrative example
Client borrows R10,000 for 90 days.
Loan
Amount
Repayment Period
Monthly Repayment
Total Cost of Loan
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount
R10,000
Repayment Period
3 months
Monthly Repayment
R560
Total Cost of Loan
R12,370
Initiation Fee
R1,000
Monthly Fee (Interest + Service Charge)
R650
APR
60%