Our loans work very similar to bank loans with interest being charged on the loan. The key difference is that an item of value must be pledged as security. There are no large 'setup fees' nor do we take weeks to give you a decision!
Once a loan price has been agreed we draw up a contract. All new Clients must present a photographic ID and proof of current address. We do not share this information with anyone and no credit checks are performed. This is fully confidential
All our contracts are for a term of up to 6 months. The contract has a minimum term of 3 months and each item used as security can be redeemed at any time within the 6 months period. Interest (15%) is charged on the date of the loan and on the first day of each subsequent month
Settlement and Renewal
Items used for security remain with us throughout the time of the contract, but remain your property until the contract expires. After 6 months you may apply for an extension. You must pay the full accrued interest and a renewal for a further 6 months is yours!