So you’ve just sold your property, but due to the nature of the conveyancing cycle, you will only receive the funds from the proceeds of the sale in 60 – 90 days. Whether you’re a seller looking to access the equity from your sale, looking for finance to pay your rates, or simply an agent wanting an advance on your commission, Borrow Online offers a range of bridging finance products to enable you to access your funds immediately.
Within 24hours to be exact! How you may ask, by lending against some of your personal assets such as the vehicle (s) you own, gold and jewelry, watches, art and property as security for the period of a loan. If you need funds for an emergency, Borrow Online can help you. They will initially do a trade valuation on your asset, and make you an offer based on trade.
The antique Rolex watch you keep hidden away in your safe could be the answer to that advance loan you need towards the sale of your property or in order for the transfer of your property to take effect; your vehicle might be the answer for finance you’ll need to settle all the outstanding rates and taxes on your property.
You can apply for the loan through four simple steps
1) Apply online www.borrowonline.co.za by completing the application form and submitting it for review.
2) Borrow Online will then contact you and do an online evaluation.
3) Borrow Online will store your asset and pay your funds if you accept their offer, you come to one of their offices and once they have the asset, they transfer the funds to you.
4) Once you pay Borrow Online back the amount lent plus accrued charges, they will give you your asset back.
You can get in touch by phone on 0861 BORROW (767 769) or mail to firstname.lastname@example.org. Borrow online have national offices available in the following cities Sandton, Cape Town Port Elizabeth, Durban and Bloemfontein.