If you need money urgently, a loan secured by a car will be the best solution to get a large amount in a short time and without lengthy checks. The list of documents required for consideration of applications is minimal, and there are few requirements for a potential client: only age, availability of a car and documents for it.
What is a car loan and who is it suitable for?
The car in the transaction is used as collateral and a guarantee that the borrower will pay the debt on time. The available loan amount depends on the car model, year of manufacture and make.
In the Pulman MFO, from 5 to 50 million soums are given as collateral for a vehicle (up to 70% of the estimated price based on the results of consultation with an appraiser). The loan term ranges from 3 to 24 months – each client will choose the optimal conditions so that the monthly payment is a comfortable amount.
The offer is suitable for those who do not have time for bureaucracy in the bank. The MFO informs the decision on the day of approval, and the probability of approval of the application is very high, provided that the client has a regular income and the car meets the established requirements.
Why choose Pulman for car loans?
Benefits of the offer from MFO Pulman:
You can take out a loan secured in the form of a car in a large amount and for a long period of time, whereas traditionally a microloan is considered “payday money” and is issued with a small limit.
No guarantors are needed – in this case, the guarantee of payment is the car.
The client remains able to drive the car and use it for his own needs, with the exception of the right to sell it or conduct other types of transactions.
Transparent conditions, no additional fees or costs for the appraiser’s work.
Money is issued in a convenient way – in cash at the company’s office or by transfer to a bank card, the details of which are indicated in the application.
How long does the whole process take?
If the application is approved, the borrower receives money on the day of application. To find out a preliminary decision, you need to fill out a short form on the MFO website and wait for a call from a specialist with whom you can discuss the details in detail. Next, all that remains is to undergo an assessment of the vehicle at the lender’s office and provide documents for concluding an agreement.
Car valuation process and collateral conditions
An application for receiving funds can only be submitted by the direct owner or a person who has a general power of attorney from the owner. To find out the solution, you need to fill out the following information in the form on the website:
Make and model.
Year of issue.
Position.
Based on the results of checking the application, the client receives preliminary approval. Next, you need to visit the lender’s office, where a specialist evaluates the car. The expert checks the technical condition of the vehicle and determines the maximum amount. Pulman appraiser services are free.
Next, a loan agreement is concluded. The borrower receives the requested amount on the day of contacting the office. Unlike programs that operate at a pawnshop, the car does not remain in the parking lot of the microfinance organization. The owner can continue to use it.