Frequently Asked Questions at Loan Against Car Gauteng
What are the requirement for getting a loan against a car?
You have to fulfill the following requirements in order to secure a loan against your vehicle:
- Valid Identification Documentation
- Proof of Vehicle Ownership
- Latest Salary slips and Bank Statements Up To 3 months
- The Amount You Require
How much can I loan against my vehicle?
You can loan between R10 000 and R100 000. The amount that you will qualify for will be calaculated based on the current market value of your vehicle and how much you can afford to pay back on a monthly basis.
Do you provide loans against motor bikes and boats?
Yes, we provide loans against any type of vehicle as long as it is under good condition, this includes offroad vehicles as well.
Can I settle the money I owe early than intended?
Yes, our customers can make repayments to settle their loan any time they wish. Depending how early you wish to settle you can be entitled to a rebate. You can contact us any time if you want to settle your account earlier.
How long will take before I get my money after the loan has been approved?
You will receive your payment within one working day. After you have signed the contract and the vehicle has been inspected, the amount approved will be deposited into your account in less than an hour.
What happens if I can not make payments?
If you fail to make repayments, the best thing you can do is to keep us informed and we will do what we can to ensure that we make suitable arrangements. If you do not take the initiative to contact us your vehicle will be at risk of being auctioned in order to get our money back or we will consider taking legal action against you, which may result in affecting your credit status.