Collateral Loan Against Cars & Vehicles
Use your car or other vehicle to secure a loan quickly and easily. Get anything from R100 000 upward in as little as 24 hours at 5% interest per month. Your car stays with us.
Assetline’s Collateral Loan against cars and other vehicles allows you to use your asset to secure a fast, flexible non-recourse loan. Assetline offer loans from R1000,000 to R5 000,000 secured against high end vehicles and cars. We lend to a maximum of 60% of the trade market value of the assets.
Assetline focuses on the valuation of each underlying asset, often working with industry leading experts. This gives us the best understanding of the underlying value of the asset, enabling us to lend more. Funds can be advanced within 24 hours, with no credit checks or early repayment fees. Typically, the cost of an Assetline loan is less than the loss incurred from the quick sale of an asset. The typical loan term is 3 months.
There simply is not better or more cost effective place to secure a loan against your car. Our rates are lower then any other secured lender and if you need to get around then we will rent you one of our cars at a big discount.
In-fact our rates are so much lower then our competitors you will be able to secure a loan against your car with peace of mind knowing it is stored securely and insured as opposed to pawn your car and still drive it with other other private lenders charging massive interest rates typically 1% per day. We will endeavour to beat any written quote that is cheaper than us.
- Quick Estimates – Our in-house appraisers provide you with quick and accurate estimates on your assets value so we can make you a loan offer
- Fast Funding – Loans proceeds can be deposited to your account as soon as we have possession and title of the asset, and all documents have been completed.
- Optimal Value – We focus on valuation, making sure we properly understand all the intricacies of your asset that may give it particular value. This enables us to maximize the amount we can lend you.
- No Credit Checks / No Recourse – We don’t perform income or credit checks and we don’t report any information to credit agencies. Your collateral loan is non-recourse.
- Safe and Secure: Your assets are always secure and protected with Assetline. We store your assets in our secure vaults and storage centers
How it Works:
- Apply online and an agent will contact you as fast as possible.
- Our valuation team assesses your asset and we give you an approval in principle.
- After a final inspection we make you a formal loan offer.
- Once you’ve accepted our offer, signed all documentation and we hold title to the vehicle we process payment immediately and deposit the funds directly into your bank account.
Full transparency into the details:
- RATES – The monthly interest rate varies between is 5.00% flat rate per month.
- TERM – Our vehicle loans are typically for a 3 month period but can be paid back in full at any time. There are never any early repayment fees
- SET-UP – Set-up charges to cover appraisal and logistics are applied when you’ve accepted the loan
- COLLECTION – All payments are made via EFT or direct deposit into the assetline bank account.
- RENEWALS – Loans are renewed by paying the monthly instalment on the same terms as the original loan.
- NON-PAYMENT – Non payment will result in the ownership of the asset being transferred and the asset sold.
- Only vehicles with zero debt outstanding can be accepted.
- Only vehicles with a value of over R200 000 will be accepted.
- Once the loan amount has been paid back with agreed interest the vehicle will be returned to you immediately.
- Required Documents
- 1 – Your ID
- 2 – The original car natis/registration papers which must be in the clients name.
Founded in 2012, Assetline enables customers to borrow against their high-end personal assets, in an online environment that is confidential, discreet, flexible and secure.
Our loans are from 3 month to 12 months. We are able to fund up to R20,000,000 per individual transaction.