Pawn my car, loan against your vehicle

Loan against your car, it is said a car is a diminishing asset. Pawn my car is a South African micro lender which has decided to add value to car ownership. This firm believes a vehicle can be a solution for short-term cash flow. Pawn my car entered the market by using a different business model which is very different from traditional credit avenues.

This model uses a clients vehicle as collateral for access to funds in the same day without filling in any forms, undergoing credit approval processes or even submitting confidential information like a payslip. Pawn my car believes pawning is the ideal lending model because it is quick and there is no recourse like legal judgements and being blacklisted if a client fails to pay. If a client fails to pay, the vehicle is simply sold to recover the debt.

To obtain credit, a client simply has to take the vehicle to pawn my car offices with the correct documentation, an agreement is then drawn and if happy a client can sign it and funds are immediately transferred to the provided account details. A client can maximise on the loan value by making sure the licence is up to date, vehicle has spare key, spare tyre and jack are available, tyres are in good shape and service record is available.

Pawn my car can be contacted on 0861729648.

Categories: Loans

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