no credit check loans

Step by step guide to taking a loan out against your car with the Asset Exchange

Taking a loan out against your car is easy with the Asset Exchange

If you need some fast cash with no questions asked, have you thought about taking a loan out against your car? Most people don’t consider that they can get a loan against their vehicle, so they struggle to come up with ways to get the money they need. That’s a shame because getting a loan against your car is a very quick and easy process at the Asset Exchange. 

Are there any restrictions against taking a loan out against your car?

There are no restrictions at all! If you own the vehicle, you can access a short term loan against its market value. We don’t flood you with paperwork, we don’t check your credit rating or your employment records, ask for your financials, references or your business history. All of this means that the Asset Exchange short term loans are ideal for anyone with a bad credit rating, no employment history and no financials. Taking a loan out against your car is an easy fix when you need fast cash!

 

  • No references required
  • No credit checks performed
  • No financials or business history needed
  • No employment checks

Who can take out a loan with the Asset Exchange?

Getting a loan against your car is the ideal solution for people who are self-employed, run their own business or are even unemployed and need access to some fast cash. Many people use our loans to pay their own bills, buy materials or even pay their employees while they are waiting for their own clients to pay their invoices. Other people need a quick loan to tide them over until payday or are waiting for their tax refund to come through, and yet others just need some money to pay their living expenses while they get back on their feet.

Getting a loan against your car means you can borrow up to $100,000!

Getting a loan against your car means that you can access up to 65% of your vehicle’s market value, up to $100,000. So if you bring in a car with a market value of $200,000, we will lend you $100,000, even though 65% of its market value is $130,000 (because our maximum loan is $100,000). On the other hand, if the market value of your car is $28,000, we will lend you up to 65% of this value which is $18,200. That’s cash in your bank immediately with no waiting period or hanging around for credit checks. 

What about paying interest on a fast cash loan?

We don’t tie you down with rates that are so high that you never get out of debt! Instead, our rates are highly competitive and very similar to what you would expect at other financial lenders. Our loans are designed to help you over a dry period where you need some cash to tide you over, so our shortest loan period is 61 days and our longest is 90 days. To make our loans even easier, you don’t need to make regular loan payments. All you need to do is pay us back the money plus the interest at the end of your loan period. Taking a loan out against your car is a stress free process!

Applying for a fast cash loan with the Asset Exchange

Now you know how easy it is to get a loan against your car at the Asset Exchange, here’s an easy step by step guide to the process.

  1. You arrange an appointment with us

Call us anytime day or night, seven days a week to make an appointment at our Shailer Park premises in Logan, south of Brisbane. It’s important that you make an appointment and not simply turn up, because it’s likely that we are out performing other business and your drive will be wasted.

  1. We assess the market value of your vehicle

When you arrive for your appointment, we’ll assess your vehicle and decide on its market value. We’ll then offer you up to 65% of this market value as a fast cash loan. Getting a loan against your car is easy, because we don’t check your credit rating, ask for references, business histories or enquire about your employment. You do, however, need to bring your car registration papers and one form of ID with you at this appointment (your driver’s licence is best)..

  1. We arrange your loan and secure your vehicle

Once we have agreed on a market value for your car and on the amount of the loan, it takes only a few minutes to arrange the short term loan. At this point, you don’t need to worry about your car, because we store it safely in a secure area for the duration of your hassle-free loan. 

  1. You receive your money within minutes

Once we have checked your ID, assessed your car and arranged for your short term loan, you receive your money within a few minutes. It’s that fast! There’s no waiting around for days or weeks while other financial providers check all your references, employment records, credit rating and make you fill out a thousand forms. With the Asset Exchange, you have your money in your hand within minutes!

  1.  You pay back your loan at the end of the loan period

At the end of your loan period, which is no longer than 90 days, all you need to do is to pay us back the money you borrowed, plus interest. Our rates are extremely competitive, so you don’t need to worry about being drowned in debt. As soon as you have made this payment, you can grab your car keys and drive away.

  1. You can’t make the payment after 90 days

Taking a loan out against your car is easy, however, if you think that you won’t be able to make the payment at the end of the 90 day loan period, please don’t hesitate to call us. We might be able to work something out, but if none of the solutions work for you and you still can’t repay the loan, then we’ll sell your car. This way we recover the money owed to us and give you any money left over minus our selling fees. We won’t send debt collectors around to your home, so you needn’t worry about that!

 

 If you have any questions about this loan process, call the Asset Exchange on 07 3708 3258 or send us an email enquiry and we’ll answer all your concerns.