Loans against trucks
Loans against trucks
Use a personal or company truck as loan collateral to get a fast short-term loan. At LoanAgainst, we offer short-term loans against movable assets, including trucks, vans and bakkies.
How to get a loan against your truck
A movable asset like a truck can be used to get an asset-based loan. This means the truck is used as security for the loan instead of factors like income or employment status.
You won’t have access to your truck for the loan period, but once the loan and any accrued interest are repaid, the truck is returned to you and your ownership is unaffected.
What is the application process to pawn a truck?
To apply for a loan against a truck, apply online with information about your truck, including the make, model and year.
We will provide a loan quote based on this information. If you want to go ahead, you will bring your truck to our nearest branch for appraisal and to finalise the loan agreement.
How long does a truck asset loan take?
Loans against trucks are very quick. Once the loan agreement is signed and finalised, the funds are transferred directly into your account within 24 hours.
Depending on how close you live to our offices, it’s possible for the entire process to be completed within a day.
Supporting documents for a truck asset-based loan
Our loan process is simple with minimal paperwork, but there are still a few documents that you must provide to finalise the loan:
- original truck registration documents in your name (or your company’s)
- an original identity document
- proof of address.
Our loans use a movable asset as collateral, so we don’t need any additional paperwork such as payslips, proof of employment or credit history.
The benefits of pawning a truck for cash
The key benefit of an asset-based loan is accessing the value of an asset without having to sell it. Our loans offer instant liquidity without breaking up your asset portfolio.
Our loans are very fast, the process is streamlined and completely transparent. Our loans are asset-secured and don’t require employment or credit history disclosure.
Best loans for trucks with LoanAgainst
At LoanAgainst, we specialise in this type of loan. We’re an established company with branches in most major cities. We provide loans against a range of movable assets.
We’re a registered credit provider with competitive interest rates and no hidden fees or early-settlement penalties.
Apply online
Isuzu Truck
Loan offer: R450 K
Ford Ranger
Loan offer: R275 K
Mercedes Truck
Loan offer: R450 K
Use a personal or company truck as loan collateral to get a fast short-term loan. At LoanAgainst, we offer short-term loans against movable assets, including trucks, vans and bakkies.
How to get a loan against your truck
A movable asset like a truck can be used to get an asset-based loan. This means the truck is used as security for the loan instead of factors like income or employment status.
You won’t have access to your truck for the loan period, but once the loan and any accrued interest are repaid, the truck is returned to you and your ownership is unaffected.
What is the application process to pawn a truck?
To apply for a loan against a truck, apply online with information about your truck, including the make, model and year.
We will provide a loan quote based on this information. If you want to go ahead, you will bring your truck to our nearest branch for appraisal and to finalise the loan agreement.
How long does a truck asset loan take?
Loans against trucks are very quick. Once the loan agreement is signed and finalised, the funds are transferred directly into your account within 24 hours.
Depending on how close you live to our offices, it’s possible for the entire process to be completed within a day.
Supporting documents for a truck asset-based loan
Our loan process is simple with minimal paperwork, but there are still a few documents that you must provide to finalise the loan:
- original truck registration documents in your name (or your company’s)
- an original identity document
- proof of address.
Our loans use a movable asset as collateral, so we don’t need any additional paperwork such as payslips, proof of employment or credit history.
The benefits of pawning a truck for cash
The key benefit of an asset-based loan is accessing the value of an asset without having to sell it. Our loans offer instant liquidity without breaking up your asset portfolio.
Our loans are very fast, the process is streamlined and completely transparent. Our loans are asset-secured and don’t require employment or credit history disclosure.
Best loans for trucks with LoanAgainst
At LoanAgainst, we specialise in this type of loan. We’re an established company with branches in most major cities. We provide loans against a range of movable assets.
We’re a registered credit provider with competitive interest rates and no hidden fees or early-settlement penalties.
Apply online
Pawn your truck FAQ
Which brands of truck are best for getting a loan?
We accept all brands. Trucks with a higher resale value will result in a better loan offer. These include Mercedes-Benz, Scania, Volvo, Iveco, MAN and more.
Can I pawn a truck that doesn’t have registration documents?
No. The truck must be registered in your name or your business’ name. We will need to see the original registration certificate to finalise your loan.
Can I pawn my truck if I still owe money on it?
No. We can only offer loans against fully paid-off trucks. This is because the truck acts as security for the loan.
Can I use my truck during the loan period?
No. You will need to surrender your truck to us for the loan period. It will be stored in a secure facility and no one else will have access to it.
Is my truck insured while in storage?
Yes. Your truck will be insured while it’s in our storage facility. While driving it to and from our offices, you must be covered by your own insurance.
What type of truck can I use to get a loan?
Any truck with a decent market resale value can be used as collateral for a loan. This includes company trucks and bakkies.
Can I pawn a bakkie?
Yes. We offer loans against a range of vehicles, including bakkies, trucks, vans, MPVs and more.
How does a loan against a truck help me?
Our loans have helped many people in the past, especially those who don’t have time to get a bank loan. For example, one of our clients needed to do vital repairs to a truck in his fleet but didn’t have the funds. By pawning one of his other trucks, he could do the repairs, fulfil his contracted deliveries and repay the loan without jeopardising his fleet.
Pawn your truck FAQ
Which brands of truck are best for getting a loan?
We accept all brands. Trucks with a higher resale value will result in a better loan offer. These include Mercedes-Benz, Scania, Volvo, Iveco, MAN and more.
Can I pawn a truck that doesn’t have registration documents?
No. The truck must be registered in your name or your business’ name. We will need to see the original registration certificate to finalise your loan.
Can I pawn my truck if I still owe money on it?
No. We can only offer loans against fully paid-off trucks. This is because the truck acts as security for the loan.
Can I use my truck during the loan period?
No. You will need to surrender your truck to us for the loan period. It will be stored in a secure facility and no one else will have access to it.
Is my truck insured while in storage?
Yes. Your truck will be insured while it’s in our storage facility. While driving it to and from our offices, you must be covered by your own insurance.
What type of truck can I use to get a loan?
Any truck with a decent market resale value can be used as collateral for a loan. This includes company trucks and bakkies.
Can I pawn a bakkie?
Yes. We offer loans against a range of vehicles, including bakkies, trucks, vans, MPVs and more.
How does a loan against a truck help me?
Our loans have helped many people in the past, especially those who don’t have time to get a bank loan. For example, one of our clients needed to do vital repairs to a truck in his fleet but didn’t have the funds. By pawning one of his other trucks, he could do the repairs, fulfil his contracted deliveries and repay the loan without jeopardising his fleet.
- “You managed to make an awkward circumstance simple and professional. Thank you.”Wakaba Mutheki (art)
- “Your transparent valuation methodology gave me the confidence and assurance I needed to secure the funds I required. Thank you for your discreet and transparent nature in which you effected our transaction.”Diamond Ring
- “Thank you so much for assisting at such short notice and handling this transaction so professionally.”JH Pierneef
- “I cannot begin to thank you for your approach and the entire process you managed this ‘business deal’. Please accept my sincere thanks and appreciation for appreciating my situation and treating me with your humbleness, kindness and humanity. Your disposition is rare and far between.”Lindiwe
- “Just a short note to confirm that the funds are available in my account this morning. Thanks again for handling this rather embarrassing situation professionally and discreetly. I look forward to a long association with you guys.”BMW 330i
“Your transparent valuation methodology gave me the confidence and assurance I needed to secure the funds I required. Thank you for your discreet and transparent nature in which you effected our transaction.”
Diamond Ring
Illustrative example
Client borrows R10,000 for 90 days.
|
Loan amount |
Repayment terms |
Monthly repayment |
Total repayment |
Initiation fee |
Monthly fee |
APR |
|
R10,000 |
3 Months |
R560 |
R12,370 |
R1,000 |
R650 |
60% |