Advantageous loans secured under a motor vehicle title
Loan secured under a motor vehicle title — one of the most popular and quickest Synergy services, assuming that the car itself remains with owner to be used freely
A loan secured by a certificate of title is issued in just 30 minutes.
You will need a vehicle certificate of title, applicant ID and a registration certificate.
The car is to remain with its owner for free use without any restrictions.
The transaction is carried out on the basis of current Russian law.
Terms of a loan secured by a vehicle certificate of title from Synergy LLC:
- Collateral is to be held by the pledgor in free use.
Loan cost — 11% per month from the actual balance of the debt.
- After the first month of the loan — no more than 9% of the cost
- Upon a repeat application, after the first month, the cost of providing a loan — no more than 9%
- The amount of the loan is from 50.000 to 300.000 RUB
- The borrowing limit is determined by the value of the collateral, but it does not exceed half of its average market value.
- The minimum, maximum and total loan periods are from 1 to 12 months.
- The agreement is renewed monthly based on the amount of the payment.
- No penalty for early loan repayment.
Unlike bank loans, it is very easy to receive money secured by a vehicle certificate of title at Synergy. We have minimal requirements for clients, as well as favorable and reliable transaction terms.