Banks and lenders from all over the world are ready to offer loan against car at decent interest rates. However, how do you know which car pledge service you should go for? What will the best value of your car you will be offered? How much loan tenure should you opt for? Is there any processing fee involved or not? Well, loan against car is a refinancing option which permits you to pledge your vehicle so that you can get your loan and meet you instant monetary requirements.
Some of the steps involved in choosing a good vehicle pledging company:
- Before choosing a car pledging service company, make sure you seek recommendations. Ask your friends, relatives and colleagues if they have used this service before. Find out if they know any reliable company.
- If you don’t get any help from there, then you can surf online. Browse the best car pledging companies available online and narrow down to three or four companies.
- Check out their websites and speak to their consultants and find out what they need.
- Go through the online forums and check out the reviews from their past clients. It is very important to know what kind of service they have offered to their previous clients.
- Find out their experience and repute in this field and depending on their goodwill in the market choose them.
- It is also important to know about their car pledging services, know about the rate of interest they charge, do they have any processing fee, what factors they consider for the valuation of your vehicle and how much loan tenure do they provide.
- Once you are satisfied with all these points, then you can consider them. You can get your car evaluated from two-three company’s evaluators and then choose the one who offers you the best value for your asset.
- Find out the documentation needed and read the contract very cautiously. See, if there are no hidden charges in the contract.
- Once you sign the contract, you can easily get the amount in your bank sanctioned on the very same day.
Usually there aren’t any eligibility criteria to secure loan against car, however, the applicant should be an adult and working professional (either businessman or salaried person). If you don’t have a high credit score for this purpose, then it really doesn’t matter. All you need to do is submit your vehicle Registration book, your ID proof along with an address proof and your loan will get passed.
Find out the loan amount you are receiving against your car and see if you are not being exploited for your necessity. Pledge Express is your one stop solution to get loans on all types of cars and two wheelers. Just get your car evaluated, submit your documentation and get quick cash. The process to pledge a car on finance [รับจำนำรถยนต์ติดไฟแนนซ์, which is the term in Thai] is very simple and convenient and is available all across Thailand for you.
