Car pawn loans is a secured line of credit that gives you up to 50% of your vehicle’s value in the form of a loan at a low-interest rate and repayment terms that suit your financial needs – Bad credit or blacklisted friendly loans for you!
View Pawn My Car OffersA pawn my car loan is easy and simple to obtain as there are little to no credit checks needed while you can receive cash immediately and pay it back in smaller amounts.
Access a panel of second-to-none pawn my car loan providers and get the best cash deal for your car today.
Pawn car loans offer consumers an easy-to-apply-for loan that is guaranteed by an asset and as a result, comes with a few added benefits. These benefits include easier loan approval and approval on higher loan amounts.
Personal loans, short-term loans, home loans, and payday loans are all loan types that we are familiar with. Available everywhere and most commonly applied for, these loan types are a viable financial solution if you need to borrow money.
But is it your only financing option? Most definitely not. It might not even be your best possible financing option. If you are blacklisted or have bad credit, applying for traditional loan types might not be as straightforward as you had hoped for.
If you are looking for an alternative financing option, consider a pawn car loan. Why? It’s easy to apply for and you can secure a higher loan amount as the loan is subject to an asset. In this case, your vehicle.
Are you considering applying for a loan against your car? Let’s answer some of your most pressing questions.
Your car acts as collateral for the loan amount. As a result, you will need to be in full ownership of the vehicle before applying for a pawn car loan. The upside to this loan type is that you get loan approval in no time and you can secure a larger loan amount because you have collateral attached to the loan. The lender is guaranteed to recover the loan amount, which gives you negotiation power when applying for a car pawn loan in South Africa.
It depends on the requirements of the car pawn lender. There are lenders available that only require the official ownership documents of the vehicle as well as an on-site estimation of your car. Other lenders require the car to be stored in a safe and secure on-site facility for the duration of the loan repayment.
You should verify the details of the loan arrangement with the lender before agreeing to the loan agreement.
Pawning your car is a simple way to secure a loan. However, you need to be in full ownership of the vehicle before you can secure a loan against your car. Several reputable lenders permit you to pawn and drive your car in South Africa.
Generally, the requirements are standard with most lenders who grant loans against vehicles but the full terms and conditions of your loan agreement are at the discretion of the particular lender.
Pawning or selling your vehicle to obtain a loan has a few additional requirements. It is possibly the easiest way to secure a loan as the loan provider is guaranteed repayment of the loan. However, to qualify for a car pawn loan you will need to meet the following loan requirements.
Lenders offer loans against vehicles, boats, jewellery, and other luxury items, most of which are of high value. Are you dealing with a licensed and reputable lender with a solid background and happy customers? Here are a few signs that you have found a car pawn company worth considering.
Our panel of trusted lenders offers pawn your car loans that are affordable, transparent, and easily approved. With an easy online loan application you can secure a loan against your car by simply following these steps:
Browse through our selection of car pawn loans and complete the loan application. Submit the supporting documents and wait for a consultant to contact you directly.
Before your loan is approved, you will need to have your vehicle evaluated. The process of vehicle evaluation will be explained to you by the company representative.
After your car has been evaluated, the loan agreement will be drawn up and include information such as the loan amount, interest rate, additional costs, and loan repayment terms. The paperwork will be finalised as soon as the loan agreement has been agreed to.
Once the lender has verified ownership of the vehicle, you will receive the loan amount, which will be transferred to your nominated bank account.