When you are in urgent need of cash, then you literally want to pledge anything you have to meet your needs. However, if you don’t have a vehicle of your own, then what can you possibly pledge. Well, you can definitely pledge your working place, your saloon, your restaurant anything to take care of your finances. Yes, there are lending companies that will offer you instant cash against your saloon or workplace. Do not worry, the lending company will offer you the best price for your saloon and help you emerge out of your cash emergency.
Things needed to get your saloon loan sanctioned:
- In order to get your saloon pledged, you need to own the saloon and thus have the ownership papers.
- Apart from it, you should have an ID proof and an address proof to offer.
- Once you declare your saloon ownership, the consultant will pay a visit to analyse the location and check the condition of the saloon and then declare the price.
- The price is majorly dependent on the location where saloon is sited, its construction, its popularity and how much time has it been in work.
After the lending company is satisfied with its survey, it will issue you the loan amount. If you are satisfied with it, then you can ask for the contract papers. Once the contract papers are drafted make sure, you go through it well. Do not ignore any point and enquire about all the hidden charges. After you sign the contract, the loan amount will be transferred to your bank account. Now you will be asked to repay it in small installments in a pre-defined time period. Feel free to clear all your queries and doubts before signing the contract.
Things to consider when choosing a lending company
When you are going for saloon pledge [รับจำนำรถเก๋ง, which is the term in Thai], then it is very important to choose a reliable and experienced lending company. Make sure the company has been in this field for at least 10 years or you may get scammed. There are several fraudulent companies online that take away your papers and do not give you any money. Or they may provide you with money but never return your property back. So, be aware of such fraudulent and choose a reputed and experienced company.
Also ensure that the company you have chosen offers good interest rates and EMI options. With the right EMI opportunities and easy rates of interest, the loan repayment process becomes simple and easy. If you are in Thailand, then you can go for Pledge Express to pledge your saloon, car, two-wheeler and any asset you want. The company aims to offer you the best rates for all your assets at lowest interest rates and easy EMI options. Get your loan sanctioned the very same day with easy procedure. Get easy loans on anything you want with easy evaluation and contract facility anywhere in Thailand without any complication.