Your vehicle is your best friend on road but in financial emergency your vehicle can provide you good loan as well. There are certain situations when you need to arrange fund urgently such as wedding, higher education, large purchase, home renovation, etc. and look for quick solution. Although if you have time and good credit score you can apply for different types of loan such as personal loan, home equity loan, credit card, etc. but van pledge (รับจำนำรถตู้ which is the term in thai) can give you quick access to money without much hassle. All you need to is to contact the reliable car pledge company who has been helping people from different walks of life since years. After the inspection of your vehicle and verification of document you can get money in your banks within 24 hours.
Deciding factors
Most of the banks and financial institutions give preference to the applicants with good credit score. But anyone and everyone who own vehicle with or without finance can take car pledge. Some of the factors that will decide the money you will receive are
- The age of the car
- The vehicle model
- The overall usage
- The popularity of the model
Evaluate credibility
Choosing a reputable company is crucial otherwise you might not get commendable services and even can lose the possession of your valuable car. Some of the essential aspects that need to be considered beforehand for smooth and fast car pledge are
- Read the reviews of the company in reliable forum
- Check the license and authentic
- How long does it take for loan disbursal
- Ensure the company respect and handle properly borrowers’ car
- Check whether you will have to provide security
Avoid confusion
Regardless of which financial options you are opting such as short term loan, long term loan, car pledge, etc. read the terms and conditions thoroughly to avoid any financial confusion later.
