LoanOnYourCar Creates A Fool-Proof Loan That’s Perfect During Coronavirus

A car loan company has developed a loan that people can take full advantage of during the coronavirus lockdown. This provides people with an influx of cash when they need it most.

April 7, 2020 / / —

A mass pandemic has caused economic uncertainty for many individuals. As a consequence, the need for emergency funds is greater than ever. LoanOnYourCar has unveiled a Vehicle Equity Release loan that’s best suited to the current climate. It allows individuals to use their car as a source of money. It’s similar to a logbook loan, but with some fundamental differences that make it easily accessible for those in need.

A Completely Contactless Application
Most lenders have ceased operations due to the COVID-19 pandemic. However, the key feature of LoanOnYourCar’s Vehicle Equity Release is that everything can be handled online. With a traditional logbook loan, car owners have to surrender their logbook and hand over their spare keys to the lender. A home visit is also usually required to check the health of the car. Neither of these things is safe or recommended when there’s a virus on the loose.

This Vehicle Equity Release loan requires no physical contact with another human being. The entire application can be completed online, and there is even an e-signature to sign all the legal documentation. Nothing needs to be handed over personally, and the car inspection can be handled via a video call. With some loans, a formal credit check is also required in-person. Again, this is made redundant as LoanOnYourCar calls upon an online affordability assessment called Mogoplus.

All of this means that individuals can apply for a loan without leaving the house. Social distancing can be maintained, and there’s no risk of anyone catching the virus. The loan amount is electronically sent to the bank account of the borrower, further negating the need for physical contact.

Greater Protection For Borrowers
With a normal logbook loan, borrowers are only protected by the antiquated Bill of Sales. In contrast, customers are protected by the Hire Purchase agreement with a Vehicle Equity Releases. This offers the borrower more comprehensive protection in case something goes wrong. During these unsettling times, it’s best to get as much protection as possible.

About LoanOnYourCar
LoanOnYourCar is an innovative company that allows people to use their cars to gain access to money. People are able to apply online in just a few minutes. All applications are dealt with instantly, meaning approval can be granted on the same day. By calling upon clever technological measures, any consultations or inspections are carried out digitally. This allows borrowers to get the money they need on the same day that they applied for it. With many people hit hard by the financial demands of COVID-19, LoanOnYouCar hopes to offer a solution to those that need it.

Additional information can be found on https://www.loanonyourcar.com/. Please contact Dimi Voutselas for any press enquiries at dimi@loanonyourcar.com or via telephone: 07845819689. Direct mail should be forwarded to this address: 333 Edgware Road.

Contact Info:
Name: Dimi Voutselas
Email: Send Email
Organization: LoanOnYourCar
Phone: 07845819689
Website: https://www.loanonyourcar.com/

Source:

Release ID: 88952760

More News From Enter Hollywood

Seoul unsure if North Korea will air World Cup qualifier

Jun 5, 2020

SEOUL, South Korea — South Korea said Thursday it's unclear if North Korea will allow a live broadcast when it hosts the South's national soccer team for a World Cup qualifier in Pyongyang next Tuesday. Seoul's Unification Ministry, which deals with inter-Korean affairs, said the North has been ignoring South Korean calls for discussions on broadcasting the game live and allowing South Korean spectators to attend. "There has been no particular progress on the issues of (sending South Korean) cheering squads or providing broadcast coverage, so they won't be easy," since there's only a few days left until the game,...

Pell's appeal pitted word of former choirboy against priest

Jun 5, 2020

CANBERRA, Australia — Cardinal George Pell's appeal against his convictions for child molestation was largely a question of who the jury should have believed, his accuser or a senior priest whose church role was likened to Pell's bodyguard. Pell's accuser was a 13-year-old choirboy when he alleged that he was abused by then-Melbourne Archbishop Pell at the city's St. Patrick's Cathedral in December 1996 and February 1997. Monsignor Charles Portelli was a master of ceremonies at the 11 a.m. Sunday Masses where the choir sang. A chorister in the 1990s, David Dearing, told police that Portelli, Pell's right-hand man, was...

Chinese pop stars publicly back Beijing on Hong Kong

Jun 5, 2020

HONG KONG — At least eight pop stars from mainland China and one each from Taiwan and Hong Kong are publicly stating their support for Beijing's one-China policy, eliciting a mixture of disappointment and understanding from fans. Many of the statements came after protesters opposed to Beijing's growing influence over semi-autonomous Hong Kong removed a Chinese flag and tossed it into Victoria Harbour earlier this month. Lay Zhang, Jackson Wang, Lai Kuan-lin and Victoria Song were among the K-pop singers who recently uploaded a Chinese flag and declared themselves as "one of 1.4 billion guardians of the Chinese flag" on...

The Latest: Concerts canceled over Hong Kong airport protest

Jun 5, 2020

HONG KONG — The Latest on Hong Kong protests (all times local): 7 p.m. At least three concerts by overseas performers have been canceled in Hong Kong as protesters forced the city's airport to suspend operations for a second day. K-pop star Kang Daniel and Scottish band CHVRCHES both announced Tuesday that they are calling off upcoming events. American singer-songwriter Alec Benjamin canceled an upcoming concert late Monday. Kang's management office said the cancellation of a fan meeting scheduled for Sunday was because of safety concerns related to the protests, while CHVRCHES blamed "unforeseen circumstances." The airport protests are the...

China bans movies, actors from prominent Taiwan film awards

Jun 5, 2020

BEIJING — China said Wednesday it was banning Chinese movies and actors from participating in Taiwan's Golden Horse Awards, one of the Asian film industry's most prestigious honors, as Beijing ramps up economic and political pressure on the island it claims as its own territory. The one-sentence announcement on the microblog of China Film News, a newspaper affiliated with government film regulator, gave no reason for the suspension, but it comes amid rising tensions over Taiwan's refusal to recognize being part of Chinese territory to eventually be brought under Beijing's rule. Even without the ban, Chinese artists might have found...

Sign up now!