Loans against Movable Assets

Get a quick, easy loan using your Jewellery, Art, Vehicles, Boats, Antiques and other loose assets, as security for a cash loan. One day approval and payout.

Convert assets into cash

 Have you asked yourself: Can I get a loan against my car or can I borrow money against my boat, art, jewellery or antiques? The answer is YES, you can.

Need cash fast ? Use your gold or diamonds and other paid-up household or business valuables, as security for a cash advance.

Get a loan against your assets, by lodging them with a lender as collateral and get your goods back when you repay the loan.

Secure a quick cash loan, by using assets like trucks, yachts, equipment and stock as security.

Loans against art, watches vehicles and most personal valuables, online here and now !

CASH FOR YOUR VALUABLES

It takes just one day to get a loan against:

APPLY NOW

Cars
Trucks
Motorbikes
Jewellery
Gold
Diamonds
Watches
Art
Yachts and Boats
Machines
Aircraft
Other – Ask Us.

Costs
5 % per month plus 1,5 % Initiation fee.

Duration
Generally 3-6 months

How it Works :

Apply here

Receive quote

Lodge item

Receive money

Settle loan

Get asset back

 

Unlock cash, quick and easy, with loans against assets

 

Loan Conditions
Loan Term: Ideally 3 month to 6 months
Minimum Loan: R 50 000
Maximum Loan: R 1 500 000
Interest: 5 % per month
Business Age: Minimum 1 year old
Business Turnover: R 1 million per annum or more
Premises: If leased, then leased for minimum of 1 year. If owned, then at least one year old
Start Ups: NO START UP business applications will be considered
Early Settlement: No extra charge
Loan Renewal: By Negotiation with the lender
Documents required
  • Your ID
  • Proof of residence
  • Proof of employment/income
  • Proof of ownership.
  • Where vehicles are provided as security, the registration documents are required, and transfer of ownership papers signed by you (transfer would take place only in the event of a default).
  • Insurance Policies used as security need to be ceded to the lender.

Cost Schedule

  • Minimum Term – 3 months
  • Maximum Term – 12 months
  • Minimum APR – 120 %
  • Maximum APR – 150 %

Example :

  • Loan                        R 100 000
  • Term                        3 months
  • APR                          36 %
  • Repayment             R 136 000

Subject to lenders Terms and Conditions at time of quote.

FREQUENTLY ASKED QUESTIONS

What assets can I use?
Cars, Trucks, Boats, Yachts, Jewellery, Gold, Diamonds, Art, Watches, Antiques and others (ask us)
How much will you lend to me?
Up to 70 % of the asset value.
What are the costs?
5 % per month, of the outstanding balance
Are loans renewable?
Yes on certain conditions such as: Are repayments are up to date and the asset has not lost value? If the item has lost value then the new loan will be reassessed.
Can I use the asset while I have the loan?
No. The asset is used as security against the loan
How quick can I get my money?
It should not take more than a 1 day
How long is the loan period?
From 3 months to 6 months but can be shorter or longer
Early settlement penalties?
There are no early settlement penalties.
Where are my assets kept?
In a safe and secure, off-site location.

Why use asset back lending?

Formal Funding: It is not easy to secure funding from formal lending institutions these days. It also takes time and no one has luxury of time. So this is where private lending businesses can assist.

Private Loans: Private lenders assess the value of commodities and goods very quickly and so make quick decisions on the amount they can lend clients, against the product offered as security. It normally take a day to pay out the loan.

How the money is used: Asset backed lenders, do not concern themselves with what you will do with the money. They are only concerned about their security, so the item offered as collateral must belong to the person offering it as security and is paid-for.

Risk: There is no risk to the borrower as long as he or she pays the loan and interest back, in the time agreed to and within the terms of the loan agreement.

Costs: The cost of these bridging loans is higher than formal bank loans but they suit some circumstances, where a client can make enough profit to cover the cost of the bridging finance.

Apply now for a quick and free assessment.