Owners of their own cars are familiar with the benefits of quickly obtaining a loan secured by their own cars. Such a transaction can be made in pawnshops, banks and other financial institutions. They can be found in any large village. A loan that gives a pawnshop secured by a TCP is especially beneficial in this regard.
Reviews about this type of service can be useful to both novice car enthusiasts and long-time car owners who would like to have information on a similar way to get fast money.
How does this service work?
The issuance of money in a pawnshop is possible both on material security and on documentary. The second type of service is the most acceptable option for all car owners. The driver continues to use his own car for the duration of the loan agreement.
The advantages of this type of loan are undeniable - the car owner can freely use his own car. As the collateral property in the loan institution remains the main document of the car - the passport of the vehicle (PTS). After payment of the agreed amount, the pawnshop returns the security document, and the owner again receives the right to own his own car.
How much can a financial institution borrow?
Customers who used the services of credit institutions talk about a wide range of amounts that a pawnshop can take on bail of the TCP. Reviews on the Web indicate a large interval of the amount of the loan under the TCP. In each case, it is calculated individually and directly depends on the brand, origin, technical condition of the car. In some cases, a pawnshop can provide a loan of up to half the market value of the machine.
Consider how a loan is issued in various regions of our country, which draws up a pawnshop secured by a TCP. Reviews of those who used similar services in a particular city of Russia are presented below. Take, for example, several settlements from different regions of our country and try to look from the side how such transactions are made. Let's start with the capital.
Moscow
Of course, the most beneficial package for the client is the service provided by a pawnshop secured by a TCP in Moscow. Reviews about the leading financial institutions of the capital are presented quite widely. In the first place are large organizations such as Zalogfinans, MFI National Credit, and Konstanta. Lending conditions - up to 40% of the market value of the vehicle. MCO “AEC” offers a long grace period for using a loan, and a motor insurance policy (CTP) must be attached to the standard package of documents. The reviews mention additional services of credit institutions. In addition to money, a client can be offered a taxi to the metro or to the house.
Ufa
Video surveillance, car wash, vehicle diagnostics - this is not a complete list of additional services that a pawnshop offers on bail of a TCP. Reviews in Ufa, the capital of Bashkortostan. list good conditions for a car loan in organizations such as Altyn Capital, 24 hours, SKS, Credit at Batyrskaya and so on.
Comments on forums on the work of these institutions indicate a high organization of labor and reliability of guarantees, as well as transparency of the assessment. In general, the entire package of offers that the pawnshop offers on the security of PTS is positive or neutral.
Volgograd credit organizations
Fast forward to the European part of the country. What does a pawnshop offer us on the security of PTS? Reviews in Volgograd are presented directly on the websites of credit organizations. Silver Chest LLC enjoys a good reputation, however, it is not so easy to get through there. The Avtomany pawnshop does not bind the price of a car to the cost of a loan secured by a TCP, but simply offers a loan of up to 50,000 rubles. A reload option is added to the list of standard services. So, the lender can reissue the contract in another financial institution of the city or change its conditions - for example, leave your unit in the parking lot. Thus, the owner of the car will receive a loan for a larger amount than he can offer him a pawnshop secured by a TCP.
Reviews Surgut
In the center of the Khanty-Mansi Autonomous Area, pawnshop services are represented by several financial companies. The Carriage organization offers loans at preferential interest rates for the entire period of validity. Garant LLC recalculates the accrued interest down if the loan was repaid early.
Organization “Avtozaym” specializes in lending services secured by all types of vehicles and provides good conditions to its regular customers. The list of services is practically the same as that of a standard pawnshop secured by a TCP.
Reviews Mound
In Sunny Kurgan, money secured by a vehicle passport can be obtained at financial institutions such as Avtolider, which provides cash in the amount of up to 150,000 rubles secured by a TCP. The boundary size is not more than 30% of the market value of the vehicle. This pawnshop feels confident in the microcredit market and offers more loyal terms of service for its regular customers. Avtolider is attractive, first of all, with transparent loan conditions and honest policy.
South siberia
We will monitor the state of microcredit business in southern Siberia. So, how do you position a pawnshop on the security of PTS reviews? Krasnoyarsk, Nizhnevartovsk, Kemerovo - cities where such institutions are not caustic. For example, residents of these settlements prefer to apply to “KRK-Finance”, where you can quickly and safely take a microloan on the security of PTS. The company "Your Investor" offers a loan under the TCP, where the maximum amount of money on hand is up to half the market value of your car, and the term for obtaining a loan - no more than half an hour.
In addition, customers of this financial institution are offered various bonuses when buying auto parts or discounts for repairing a vehicle. In general, more money - more services! This is the credo that every auto pawnshop adheres to on the security of TCP. Reviews in Chita and other cities of the country only confirm this statement.
Chita loan service
So, you have an urgent need to sell a car or quickly receive cash resources. Any owner of the car will come to the aid of a pawnshop in Chita. The Avtolombard-Express company gives out loans on the security of the vehicle passport. If the owner does not return the document, the car is withdrawn from circulation and sold to other buyers. The organization "Autopawnshop" in Chita provides a loan secured by TCP. She works around the clock, has a good reputation among regular customers. The cost of collateral in this region is up to 40% of the market value of a car if it comes to lending secured by documents. If we talk about tangible collateral (the car itself), then the hands of a customer of a pawnshop can get up to 90% of the market value of his “iron horse”.
Summary
As you can see, different regions offer their own, rather diverse policies for attracting customers and principles of work. As you might expect, you will get the most attractive lending conditions in the capital. An auto loan under TCP is very convenient - the client receives a large amount of money, and no one forces him to abandon his car. There are some restrictions that a pawnshop imposes on the security of PTS.
The customer reviews of these credit institutions indicate that in addition to the basic documents (passport of a citizen of the Russian Federation and a vehicle passport), a credit institution may require additional papers - an insurance policy, a second document confirming the identity of the borrower (passport, driver's license). Sometimes they ask for a certificate of employment, which confirms your full employment in your current place for a long time. Credit funds are issued only to car owners with Russian citizenship. Some credit organizations also limit the age of borrowers.
How much can I expect and how much should I overpay?
The size of the loan is usually determined privately. It should be noted that here a significant role is played by the condition and type of car, age, as well as the loan rate. The actions taking place at this time in the pawnshop, as well as the policy of the administration of this institution, are also important. If it is aimed at attracting new borrowers, interesting loan terms will be presented specifically for them.
Each bank or pawnshop has its own percentage. On average, lending rates range from 4% to 10% per month. You can get cash on the security of a car for a period of 1 calendar day to 1 year. If you repay a loan within a few hours after its processing, the pawnshop will still calculate the percentage for a full day and take the amount due from the borrower for the services of a financial institution.
Of course, there is always a risk of taking money and not giving it on time. Therefore, the decision to contact the pawnshop should be objective and balanced. A frivolous attitude to lending can leave an unlucky customer without a car and without money.