FAQ on Pawn A Boat East of England
Pawn A Boat East of England Frequently Asked Questions.
How much are you able to pay for pawning my boat?
We can payout up to 80% against the current market value of your boat which ours is usually 20% more than other pawn companies, plus our rates are lower than most credit card and bank facilities.
Are you boat loans fixed?
All our pawn loans are charged uniquely based on customer agreements. Our loans are offered at 3, 6, 12 and 24 months. Minimum APR: 35.25% – Maximum APR: 69%.
Can you give me an example of how your interest fees work?
Yes, If we loan you R2000. Loan Term: 6 Months. Monthly Repayment Interest: 3% which is fixed. Amount you can repay in one installment: R2360. 39.24% APR.
What happens if I cannot pay back the loan?
It is wise for you to contact us before failing to repay the loan as this will show us that you care about your asset and we can work together to come up with a solution. There is a risk warning when your boat loan is not repaid, the boat may be sold to recover the debt.
What do I need to apply for a loan against my boat?
You will require the following to successfully apply for a loan against your boat:
- Proof of Ownership
- Personal Identity Documents
- Monthly Income Statement up to 3 – 6 Months
- Loan Amount
- No Credit Check Required