Obtaining a short term loan quickly can be very difficult through the traditional credit avenues and using your vehicle as collateral for access to funds enables you to raise money the same day without having to fill out forms, go through credit approval processes or even having a payslip.
A word of advice – pawning your vehicle is a solution for a short term cash flow problem. If you do not think you will be able to make the re-payments in terms of the loan agreement, do not pawn your vehicle.
The advantage of pawning is that it is quick and there is no recourse to you if you do not pay. If you are unable to pay the loan and interest back, your vehicle is sold to recover the debt – that’s it – no more legals, no judgements, no implications.
APR & Loan Period
Collection
Renewals
Non-payments
2% 1-6 months
Proof of payment on the collection date. Client must keep in mind when payment is made, that we as
Pawn-it deal with all the major banks to simplify your needs.
Period may be extended if client will take full responsibility to pay the interest on exciting loan.
New agreement will be authorised by the Credit provider (Pawn-it).
Assets will be sold on your behalf to recover loan amount
No exceptions will be made by us.
