1 / 9

What is Collateral Loans & How to Get It?

Collateral Loans are the loans that you can get against your valuable assets such as a car, jewellery, truck, etc. Know how you can get the collateral loan with easy steps.

cashfastloans
Download Presentation

What is Collateral Loans & How to Get It?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHAT IS COLLATERAL LOANS & HOW DO THEY WORK?

  2. COLLATERAL LOAN EXAMPLES ARE EXPLAINED BELOW : • AUTO LOANS & MORTGAGES • PERSONAL LOANS • LOANS FOR SMALL BUSINESS • SHORT-TERM LOANS FROM THE PAWN SHOP/ PAWNBROKER

  3. CRUCIAL TO KNOW HOW COLLATERAL LOAN WORKS : • Understand the term “collateral” – Collateral refers to any asset that the borrower deposits with the lender as a guarantee for obtaining a loan. Under the agreement of collateral loan, if the borrower is unable to repay the loan then the lender gets the possession of the deposited asset. • Collateral loans are also known as secured loans. Though each loan type has different requirements, most financial assets that can be grabbed and sold for cash are regarded as acceptable collateral. • As collateral loans are secured loans, they tend to have lower interest rates. • Collateral exhibits a consumer's pledge to repay the loan and lowers the risk of loss to the lender.

  4. AUTO LOANS & MORTGAGES • Consumers commonly use auto loans and mortgages as their secured loan option. Here, the asset (i.e. car or house) is used as collateral for granting the loan. To determine the appropriate value of the collateral, most lenders require that assets be evaluated.

  5. PERSONAL LOANS • Lenders facilitate personal loans in two major types namely unsecured and secured. Unsecured loans aren’t supported by collateral whereas secured personal loans are supported by collateral. Secured collateral loans generally lower lender’s risk of defaults, so interest rates are lesser when compared to unsecured counterparts.

  6. LOANS FOR SMALL BUSINESS • Owners of small businesses who run a business from their homes can make use of their personal assets as well to get approval for a loan. In certain cases, lenders need a personal guarantee like a written promise that the borrower’s personal assets can be held, if the company fails to repay the loan. MORE INFORMATION

  7. SHORT-TERM LOANS FROM THE PAWN SHOP • If you’re an individual or a small business owner, you can avail short-term cash loan from the pawn shop. Yes, this is a secured collateral loan type and it is easy and completely hassle-free. if you have a poor credit or are insolvent, you can still get bad credit loan against vehicle effortlessly. the pawn shop will sell off your vehicle to claim the loan amount, interest and make a bit of profit to survive in the trade.

  8. ABOUT CASH FAST LOANS • We are a family owned and operated New South Wales licensed (2ps0438101) pawnbroker providing a cash lending service to residences’ of the state New South Wales. • About Cash Fast Loans – Car Pawnbroker & Moneylender, since our establishment in 2002 as a pawnbroker & moneylender, we have become an expert in the pawn brokering and money lending industry, always lending the highest amounts of money against cars, motorcycles, boats, trucks, jet skis’, horse floats, bobcats or machinery item. • Our fast and efficient service is unrivalled in the industry because we believe in creating a relationship with our borrowers. • Whether you are an individual or business, we strive to be one you can trust by providing a private and confidential service and most important! We do not process credit or back ground checks. You can apply for no credit check loan in Sydney without any hassle.

  9. CONTACT US: NAME :- CASH FAST LOANS 10 North Rocks Rd, North Parramatta, NSW, 2151 ADDRESS : 02 9630 6613 PHONE : www.cashfast.com.au WEB : SOCIAL CONNECT :

More Related