The benefit of obtaining a loan secured by PTS
Nowadays, a new type of lending is increasingly popular: funds secured by PTS. This method helps to quickly and without any problems to obtain credit funds, and the collateral becomes the car of the borrower. The lender providing this service, offers money for the security of the car, and he will also have to inspect the car and only after that you will be able to sign the contract.
You will need to show the passport of the car, the certificate of its registration, the document confirming your identity. In addition, you will need to provide a driver’s license, you may be asked to show the insurance on the car. You can use the car as well as did before, you will not be given any restrictions. But you will not be able to sell it until the return of credit funds. Usually the money under the title of the car can be obtained for 2 years, but the terms are different.
What are the advantages of a loan secured by PTS
Nowadays, a lot of people have high needs for money, and such a service as a loan secured by PTS is a great opportunity to get the money. The advantages of such a loan are obvious, it is much more profitable than a conventional Bank loan.
What are the advantages of such lending
– there is no need to worry about what may happen to the vehicle. Restrictions on the use of the car during the loan period are also not imposed. The owner of the vehicle remains the owner. But at the same time he will be obliged to regularly and timely pay the loan, and of course, to comply with all prescribed in the loan agreement items;
– this method of obtaining a loan is easier to design, besides it you do not have to spend too much time. There is a huge amount of securities that are usually required to provide the Bank in the case of a Bank loan. The answer about the possibility of issuing funds secured by PTS is given much faster than with a conventional loan. With you no one will require a certificate of wages, you will need to provide only the basic documents to confirm the identity of the owner of the car;
– making a loan secured by PTS, you can get a small interest rate, which guarantees that even a loan received for 2 years will not make you pay a lot.
When choosing a company for a loan under the title, it is important to consider some points. Read carefully each paragraph of the contract, especially pay attention to the presence of hidden fees. Unscrupulous companies use small print for additional fees. Interest should be registered by month, and the total amount should be present, not only the interest on the loan for the year. It is important to understand that the estimated cost of the machine during the calculation of the loan will be understated.