How Do You Apply For An Asset Loan?
Applying with us is extremely simple and hassle free. Apply for an asset loan from as little as R5,000 all the way up to R500,000 and get approved and paid within hours!
Enquire About Our Asset Loans:
Enter your details below and we will contact you. Your only qualifying requirement is the value of the asset against which the loan will be taken.
How Do Asset Loans Work?
You may have the collateral you need for a short-term loan without even knowing it.
Instead of applying for a traditional loan, we have an easier and quicker alternative. Asset loans allow you to use your assets to secure a loan.
Asset loans are perfect for individuals and businesses that need immediate funds. Instead of going to a bank, which usually has specific requirements, you can get cash by borrowing money against your assets. The loan can be secured by various assets, including vehicles, jewelry, property and other assets. Your assets are taken as surety and safely stored. Once you’ve paid back your loan, your assets are returned to you.
Assets That We Accept:
The Loan Company uses primarily the following movable assets as surety for your loan. The more valuable the asset, the higher loan you can obtain:
Loan Example for R 20,000 on a VW Polo:
| Loan Amount |
|---|
| R 20 000 |
| Repayment Period |
| 90 days |
| Storage & Insurance of the asset for 3 months |
| R 4 500 |
| Valuation fee, contract fee & bank charges – Once off cost |
| R 1 000 |
| Monthly Interest for the 3 months |
| R 1 000 x 3 months (5% per month) |
| APR |
| 36% - 60% |
| Total Repayment for the 3 months |
| R 28 500 |
| Loan Amount | Repayment Period | Storage & Insurance of the asset for 3 months | Valuation fee, contract fee & bank charges – Once off cost | Monthly Interest for the 3 months | APR | Total Repayment for the 3 months |
|---|---|---|---|---|---|---|
| R 20 000 | 90 days | R 4 500 | R 1 000 | R 1 000 x 3 months (5% per month) | 36% – 60% | R 28 500 |
Why Use The Loan Company:
Our aim is to assist individuals and companies that are seeking quick turnaround solutions for immediate and flexible short term loan solutions or bridging finance.
As an independent company, all our funding is generated by our shareholders. The benefit of this to our clients is that your only qualifying requirement is the value of the asset against which the loan will be taken. Whether you want to pawn your car title for cash, or take a loan against an asset, The Loan Company can help.
