Choosing a vehicle collateral cash loan requires complete transparency regarding asset storage, repayment commitments, and disbursement timelines. Here are clear answers to common questions presented to ALHERI LENDING COMPANY LTD.
1. Is a third-party guarantor mandatory to secure approval?
No. Your automobile serves as the exclusive security backing your loan line. External guarantors or references are never requested.
2. How is my vehicle stored during the repayment tenure?
Your vehicle is parked securely inside our private, 24/7 guarded garage location. Vehicles remain completely stationary, continuously monitored, and are never operated.
3. Will I encounter hidden processing or maintenance fees?
No. We enforce strict fee transparency. All costs, fixed interest calculations, and payment dates are fully detailed upfront with zero hidden fees.
4. What items must I bring to complete my intake?
You need to present your original Proof of Ownership Certificate (POC), valid government photo ID (NIN, Driver’s License, or Passport), and vehicle keys.
5. How quickly are approved funds transferred?
Following swift physical appraisal and document review, funds are sent directly to your designated bank account within 30 minutes.
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