If you have a fully paid-up car in your name, you can unlock its value without having to sell it, by using it to secure an asset-based, short-term loan.
If you need cash, this is a fast, efficient way to secure a loan. There are no credit checks, no excessive paperwork or invasive questioning and no lengthy approval process.
Your car serves as collateral for the loan, so factors like your credit rating and current income simply aren’t relevant.
How to pawn a car
To get a loan against your car, simply contact us and tell us the make, model, year and mileage of the car.
Once we have the details, we’ll make you an offer straight away, over the phone. The value of the car will determine the value of the loan we offer.
If you choose to proceed, we’ll arrange a meeting, where we’ll ask to see the original car registration documents (which must be in your name); your ID book; and proof of address. We’ll check the car and, if all is in order, finalise an agreement.
Then we’ll transfer the funds to your account straight away.
Advantages of pawning a car
If you use your car to obtain a short-term, asset-based loan with us, you can expect the cash you need to be in your account within 24 hours.
Once you’ve repaid the loan and monthly interest – which is charged in line with National Credit Act guidelines – the car will be returned to you, in the same condition you left it.
We don’t provide information to credit bureaus, banks or anyone else, so the process is strictly confidential.