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A logbook loan is a type of secured loan where you use your vehicle as collateral while still being able to drive it. You temporarily transfer ownership of your vehicle to the lender by providing your vehicle's logbook (registration document). You can borrow money based on the value of your vehicle, typically between 50-70% of its current market value.

To apply for a logbook loan, you'll typically need:

• Original vehicle logbook/registration document
• Proof of income (payslips or bank statements)
• Proof of identity (National ID, passport)
• Proof of residence (utility bill or bank statement)
• Comprehensive insurance certificate
• Vehicle inspection report

Yes, one of the main benefits of a logbook loan is that you can continue to use your vehicle as normal during the loan period. However, the lender legally owns the vehicle until the loan is fully repaid, so you cannot sell it or use it as security for another loan during this time.

We offer several car financing options:

• Car Loans: Traditional financing where you borrow money to purchase a vehicle and make regular repayments
• Hire Purchase: You pay an initial deposit followed by fixed monthly installments, and own the car after the final payment
• Lease-to-Own: Similar to hire purchase but with more flexible terms
• Refinancing: Replace your existing car loan with a new one, potentially with better terms

While a good credit score can help you secure better interest rates, we work with clients across the credit spectrum. Our approval process considers multiple factors beyond just credit scores, including income stability, down payment amount, and vehicle type. We specialize in finding financing solutions even for those with less-than-perfect credit histories.

Yes, we provide financing for both new and used vehicles. For used cars, we typically consider vehicles up to 7-10 years old, depending on the make, model, and condition. The vehicle will need to pass our inspection process, and we may have additional requirements regarding its history and mileage. Used car loans may have slightly different terms compared to new car financing.

A title deed loan is a secured loan that uses your property as collateral. You provide your property's title deed to the lender as security while you continue to use and live in the property. The loan amount is determined based on a percentage of your property's current market value. This type of loan allows you to access significant funding using your property's equity without selling it.

The loan amount for title deed loans typically ranges from 40% to 70% of your property's current market value, depending on factors such as:

• Property location and condition
• Current market conditions
• Your income and ability to repay
• Loan term requested
• Any existing liens or mortgages on the property

We conduct a professional property valuation as part of the application process to determine the maximum loan amount available to you.

If you're unable to repay your title deed loan according to the agreed terms, the lender has the legal right to initiate foreclosure proceedings to recover the debt, which could ultimately result in the sale of your property. However, we always work with our clients who experience financial difficulties to find alternative solutions before taking such measures, including:

• Loan restructuring with extended terms
• Temporary payment plans
• Forbearance options during financial hardship

It's critical to contact us immediately if you anticipate difficulty making payments.

Import financing is a specialized loan product that helps you finance the purchase and importation of vehicles or goods from other countries. This includes covering costs like the purchase price, shipping fees, import duties, taxes, and other related expenses. Our import financing solutions simplify the process of bringing vehicles or other assets into the country by providing the necessary funds upfront.

Check-off loans (also known as check-off or salary advance loans) are repaid directly through deductions from your salary. When you take out a check-off loan, you authorize your employer to deduct the loan repayments from your salary before you receive it. The deductions are then forwarded to us as the lender. This arrangement typically offers lower interest rates due to the reduced risk of missed payments and simplified repayment process.

Cheque discounting is a financial service where we convert post-dated cheques into immediate cash, minus a fee (the "discount"). Instead of waiting for the cheque's maturity date, you receive funds immediately, and we collect the full amount when the cheque matures. This service is particularly useful for businesses and individuals who receive post-dated cheques but need the funds sooner to manage cash flow or take advantage of opportunities.

Our loan approval process is designed to be quick and efficient:

• Logbook loans: Often same-day approval with funds within 24 hours
• Car financing: Typically 1-3 business days
• Title deed loans: 3-7 business days due to property valuation requirements
• Check-off loans: 24-48 hours once employer verification is complete
• Cheque discounting: Often same-day service

Approval times may vary based on the completeness of your application and documentation provided.

Our interest rates vary by loan product, loan amount, term length, and your credit profile. Current rates typically range as follows:

• Logbook loans: 14% - 20% per annum
• Car financing: 12% - 18% per annum
• Title deed loans: 10% - 16% per annum
• Import financing: 15% - 22% per annum
• Check-off loans: 12% - 15% per annum

We offer personalized rates based on individual circumstances. Contact us for a specific quote tailored to your situation.

Yes, you can repay your loan early with all our loan products. We encourage early repayment as it can save you money on interest. Our early repayment terms include:

• No early repayment penalties for most loan products
• Partial lump-sum payments accepted to reduce principal
• Full settlement option available at any time

Some specialized loan products may have minimal early settlement fees, which will be clearly stated in your loan agreement. Contact our customer service team for a settlement quote specific to your loan.

If you miss a payment:

• A late payment fee may be applied (typically 2-5% of the missed payment)
• We will contact you to discuss the situation and find a solution
• Additional interest may accrue on the outstanding amount
• Repeatedly missed payments could affect your credit score
• For secured loans, continued non-payment could eventually risk your collateral

We understand that financial difficulties can happen unexpectedly. If you anticipate payment issues, please contact us as soon as possible so we can work together on a solution, such as a temporary payment plan or loan restructuring.