Rating based on 9 reviews

The Loan Company

Updated

  • Pawn my car up to R500,000
  • Low-interest starting from 36%
  • Repayment up to 90 days

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The Loan Company homepage

Author The Loan Company. Screenshot of The Loan Company website. [Accessed August 11, 2021]

About The Loan Company

The Loan Company aims to provide individuals and companies with quick turnaround solutions for immediate, flexible, short-term loans.

They identify as an independent credit provider; thus, company shareholders generate all funding. No credit checks are needed when applying for a loan; the only requirement is the asset's value and proof that the client can make monthly payments. Clients have the option of pawning their vehicle title for cash or taking out a quick online loan against the asset. Whatever your needs are, The Loan Company can help.

The Loan Company asset loans

The Loan Company constructs loans according to the income and needs of their customers to make sure that the loan will not negatively affect them. Applying for a loan is also simple and hassle-free.

The moveable assets accepted as collateral at The Loan Company range from scooters to vehicles to boats. Clients can loan from R5,000 up to R500,000 against their assets or pawn a car for their current value. Once the application is approved, clients can expect payment within hours of applying.

What an asset loan is

Paying off an asset is a big commitment and can take years, but it has many benefits once owned by you. As soon as the asset is paid in full, it automatically becomes something that you can use as collateral because you own it.

An asset loan and pawning your vehicle title Is an alternative form of acquiring money as It is much easier and quicker than applying for a traditional loan. Asset loans and pawning your title allow you to use your asset to secure a loan without needing a credit check.

Pawning a vehicle title for cash

The main benefit of this service is that a client can pawn their car and still drive it. The Loan Company works out the value of the car and provides the client with that amount. Instead of keeping the car as collateral, the client sells the car's title to The Loan Company, which they hold until the loan is paid in full. Here, the value of the vehicle determines the amount of the loan.

The Loan Company Services

Clients who decide to use their assets as collateral receive a set amount of cash worked out according to how much they need and how much they earn per month.

The client gets a set amount of money and hands over the car as collateral. They must pay back their monthly repayment amount and also interest for a set period.  The Loan Company takes the asset and safely stores it. Once the client pays off the short-term loan, the asset gets returned safely.

Assets that The Loan Company accepts

For many people, their wealth hides within their assets. The Loan Company accepts many forms of movable assets. As long as you own it, there is no reason that The Loan Company won't take it. The main types of movable assets accepted as surety for a loan are cars, motorcycles, bakkies, and trailers. They also buy trucks, boats, and caravans.

Why use The Loan Company

The Loan Company is a privately owned registered credit provider with years of experience in auto loans. Consultants are well-trained and professional; clients can expect excellent service. A great benefit of using The Loan Company is that its application process is straightforward and hassle-free.

Online application to pawn your vehicle

Clients fill out an online application form; whereafter, a consultant will immediately contact them. After the application online is done, clients will not need to wait more than 2 hours for their approval and to get their loan paid out.

The benefits of an asset loan

Asset loans allow clients to get the amount of cash they need and, in return, they give up a vehicle as collateral. As soon as the client completes the loan repayment, they receive their vehicle from The Loan Company. Clients benefit greatly from this method if they need a specific amount of money, which might be more than the car's value.

By giving over the vehicle, the client provides The Loan Company security for a loan. Now the client simply needs to decide how much they need and how much they can afford to pay per month.

The Loan Company – Car pawn

  • Loan Type Pawn my car
  • Interest Rate 3660% p/a
  • Loan Amount up to R500,000
  • Repayment 61 days to 90 days

Benefits of The Loan Company

  • Flexible loans
  • Speedy cash payout
  • Fast approval

The Loan Company has made asset loans easy

If a client wishes to pawn their vehicle and still drive it, this will be the best option.

The value of the asset determines how much the client can borrow. The Loan Company provides the client with the cash value of the vehicle and then keeps the title of the vehicle. This option allows the client to pawn a car and still drive it while paying back the loan. When the total of the loan is paid, The Loan Company transfers the title of the car back to the client. Another benefit is that the term length gets worked out according to how much a client can afford monthly, providing flexible options.

The requirements for an asset loan

A primary aim for The Loan Company is to serve clients who cannot get help from mainstream lending services. The only requirements are that you can prove you have a source of income to cover your monthly repayments. The Loan Company has a deep understanding of individual situational differences. Each client’s treatment is unique, and The Loan Company can assure them that they will structure a loan that fits their needs. No matter the situation, they will help you lend money against the assets that you have.

5 Easy Steps to Apply For An Asset Loan

To acquire an asset loan, you need to follow five simple steps.

Step 1

First, from the client's side, determine which of your assets are fully paid off and can be used as collateral. Only the asset owner can apply for a loan against that asset. Remember, when pawning the vehicle's title, the asset's value reflects the loan's value.

Step 2

Apply online on the easy-to-use application platform. A consultant at The Loan Company will call to determine the amount you can loan against the asset. If the client is happy with the proposal offer, they can go to The Loan Company offices to get the loan.

Step 3

Upon visiting the offices, it is crucial to bring all vital documentation. For personal identification, The Loan company will ask for an ID document, drivers’ license, and proof of address. For vehicle identification, remember to bring the original registration document (Known as NATIS) and both sets of keys, and the service book.

Step 4

When pawning the title of your vehicle, The Loan Company now needs to determine the value of your asset. Make sure to bring the asset itself and all required documents to the loan company office for both asset loan and pawning of a title. The client now needs to complete the application form to finalise the loan. While the client waits at the office, the Loan Company will transfer the money to their account. 

Step 5

If a client borrowed money against their asset, the asset is stored safely until the repayment of the loan total, whereafter it is returned to the client. Clients can immediately collect their assets once the loan is paid off in full.

When pawning the title of an asset, the client transfers the car's title with the help of consultants and still leaves the office with their vehicle. Once the loan amount is repaid, the title of the car is transferred back to the client.

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The Loan Company is a trusted & reliable provider of pawn my car

In our review, The Loan Company adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

The Loan Company is a registered credit provider in South Africa: NCRCP 9054

Customer Reviews & Testimonials

June 2020

Thanks to the professional service of Geom, I was able to get a loan in time to pay my son’s school fees. I was able to keep a good relationship with my child's school thanks to his fast service.

Themba L
— Pretoria —

August 2020

Because of Covid19, I lost business income and was struggling to pay all my employees. The Loan company gave me an R23 000 advance that enabled me to pay and keep my workers. As a small business ...

Gerald W
— Clarina —

April 2020

Thank you for helping me refinance my car. I was able to save R 480 on my monthly installment for my Hyundai i10.

Carol P
— Queenswood —

The Loan Company Contact

Physical Address

  • Office 2, DGE Building ,90 Sovereign Drive, Route 21 Corporate Park, Irene, Pretoria 0157 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 13:00
  • Sunday – Closed