LOANS AGAINST ASSETS
Use art, jewellery, vehciles or other valuables as security for a loan
Unlock Up To R20 Million Using Your Valuables
Need quick access to capital without selling your cherished possessions? A loan against your assets could be the perfect solution. By leveraging the value tied up in your high-value items, you can secure the funds you need discreetly and efficiently. Unlike traditional loans that focus heavily on credit history, asset-backed loans primarily consider the value of the collateral you provide. This means a faster, more flexible borrowing experience, allowing you to unlock the liquidity in your luxury assets, vehicles, or other valuable possessions without having to part with them permanently.
Assets You Can Use:
Cars & Vehicles
High-value cars, classic cars, motorcycles, trucks or boats.
Fine Art
Paintings, sculptures, and other valuable pieces of art.
Jewellery
Diamonds, precious gemstones, gold, and other valuable jewellery items.
Watches
High-end timepieces from renowned brands.
Antiques and Collectibles
Rare coins, stamps, historical artifacts, and other valuable collectibles.
What You Need To Know
Why Choose Asset-Backed Loans?
Asset-backed loans offer a distinct advantage over traditional lending methods for individuals and businesses needing rapid access to funds. One of the primary reasons to choose this option is the speed and simplicity of the process. Since the loan is secured by the value of your asset rather than solely on your credit score, the approval process is typically much faster and requires less extensive paperwork than unsecured loans or mortgages. This makes them an ideal solution for urgent financial needs or capitalizing on time-sensitive opportunities.
Benefits of Using Assets as Security
- It allows you to access significant capital without having to sell your valuable possessions, preserving ownership of items that may have sentimental or appreciating value.
- The loan approval process is often more accessible to individuals who might not qualify for traditional loans due to credit history.
- Asset-backed loans typically offer competitive interest rates compared to unsecured lending options, as the risk to the lender is reduced by holding collateral.
Documents Required
To facilitate a smooth and efficient loan process against your assets, you will typically need to provide a few key documents.
- ID for identity verification
- Proof of Residence to confirm address
- Proof of Income to demonstrate your ability to repay the loan
- Proof of Ownership of Assets
Where vehicles are provided as security, the registration documents are necessary & transfer of ownership papers signed by you will be held (the actual transfer would only occur in the event of a default). If Insurance Policies are used as security, they will need to be ceded to the lender.
Costs
Loan amounts range from R 20 000 to R 20 million, catering to a wide spectrum of finance needs. The costs are 5 % per month plus 1,5 % initiation fee.
Loan Terms & Cost Schedule
Minimum Term: 3 months
Maximum term: 6 Months
Minimum APR: 27 %
Maximum APR: 27 %
Minimum Amount: R 50 000
Maximum amount: R 20 000 000
Monthly admin fee: R575
Please confirm APR with the lender, before signing agreements.
Example
Loan: R 100 000
Term: 3 months
APR: 27 %
Admin Fee: R 1725
90 days Interest: R 8 100
Total Repayment: R 109 825
Subject to lenders Terms and Conditions at time of quote
Frequently Asked Questions
What types of assets can I use as security for a loan?
We accept a range of high-value assets including cars, fine art, jewellery, luxury watches, antiques, collectibles, and other approved movable assets of significant value. The key is that the asset can be independently valued and provides sufficient security for the loan amount.
How is the value of my asset determined?
The value of your asset is determined through a professional valuation process. This may involve expert appraisers with specialized knowledge of the specific asset class (e.g., car experts, gemologists, art appraisers) to ensure an accurate market value assessment.
How much can I borrow against my asset?
The loan amount is typically a percentage of the appraised market value of your asset. This percentage varies depending on the type of asset and the lender’s policies, but it is usually a significant portion of the asset’s value. The maximum loan amount is R20 million.
How quickly can I get the funds?
One of the advantages of asset-backed loans is speed. Once your asset has been valued and the necessary documentation is in order, funds can often be disbursed within a very short timeframe, typically a few days.
What are the interest rates and repayment terms?
Interest rates for asset-backed loans are generally competitive as the loan is secured. The specific rate will depend on the loan amount, the asset type, and the loan term. Repayment terms are flexible and will be agreed upon during the loan application process but the general loan period is 3 to 6 months.
Is my asset safe while it is used as security?
Yes, the security and safety of your asset are paramount. While your asset is held as security, it is typically stored in highly secure facilities and is often insured for its full market value.
What happens if I can't reply the loan?
In the event of a default on the loan agreement, and only then, the lender has the right to take ownership of the asset that was provided as security. The process for this is clearly outlined in the loan agreement signed by both parties.
APPLY FOR LOANS AGAINST ASSETS
This form applies to the following bridging loan categories:
Loans Against Art, Jewelry, Antiques, Collectables etc.
Please only submit the form ONCE! Check your inbox (and spam folders) for a confirmation email.