Do you own a car and need access to extra cash? You may be able to use your vehicle as collateral to secure a loan.

With a car collateral loan, the vehicle is assessed to determine its value and the amount you may qualify for. A Vehicle Registration Book, commonly referred to as the VCR, is required to confirm ownership and vehicle details. The vehicle and supporting documents are then assessed as part of the loan application process.

Once approved, the vehicle is attached as security against the loan for the agreed repayment period. Loan amounts are determined based on the vehicle’s value, condition and eligibility.

Turn the value of your car into access to the funds you need for business, emergencies, projects or other financial commitments.

Enquire today to find out if your vehicle qualifies.