Q. In the worst case scenario, what would happen if I were unable to repay the loan?
Ans. In case you find yourself in such a situation, the first step should be to inform us. Our credit control team will work with you and make arrangements for easy installments. If however you do not show any willingness to repay the loan, we will be left with no option but to recover our money from the sale of your car.
Q. Suppose I am self employed, do I stand a chance of getting the loan?
Ans. Yes you qualify for our logbook loans. Our loans are not tied to your employment status.
Q. In case I have a poor credit rating, can I still get the loan?
Ans. Yes you can. The only consideration we look at is whether you own the car and if it is finance free. If you answer is yes to both, you qualify for the loan pending determination of your repayment ability. We will need to see your last 2 months bank statements and possibly a wage slip as proof of income. We conduct an income and expenditure assessment to ensure affordability.
Q. How fast can I get the money?
Ans. The money is sent to your account anytime between 2 to 24 hours
Q. I would like to keep my loan secret. Will you contact my employer?
Ans. No. We are not under any obligation to contact your employer. We understand that your employer should not be party to all your personal details. In case we need to reach you, we only call you at a mutually agreed time.
Q. Do we conduct any credit bureau searches?
Ans. No we do not. No credit footprints will be left as a result of an application or loan with us.