Tag: car leasing

Car Loan

by Mr. Kredīts

You have a car but need extra money. Be smart and get to know Mogo.lv – this company issues loans of various sizes directly to car owners – against the car’s collateral. Borrow against your car if you need extra money urgently, for example to pay bills. This time, Mr.Kredīts offers an insight into the company’s activities and borrowing conditions.

It should be stressed that if you borrow money against a pledge of your car, the car will not be kept as collateral. In addition, this type of loan is also available if you already have other loans with another company.

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Mogo.lv offers –

  1. Borrow loans of various sizes against car collateral up to 90% of the car’s market value.
  2. Please note that this service is only available if the car is registered in your name.
  3. It’s simple – Mogo.lv staff will assess the market value of your car, and if so, you will receive your loan within 1 day.
  4. Remember, you don’t have to borrow the full value of the car – you can borrow as much as you need (according to the value of the car) at your discretion
  5. Remember that Mogo. The repayment period for Lv loans is between 1 and 60 months. You can choose your own repayment period according to your discretion and financial situation

Mogo.lv loan formalities –

  1. Remember that the amount you can borrow is determined by the year and model of your car;
  2. To apply for a loan, you will only need to provide your details – name and personal identification number. Please note that the loan amount will be determined solely by the value of your car. No other formalities need to be submitted by the company

The machine must have –

  1. Registered in your name;
  2. The car must not be older than 20 years
  3. A roadworthiness test valid for at least one more month and OCTA insurance is required;
  4. The car must be lease-free.

Mogo.lv –

  1. If you want to borrow from Mogo, you need to fill in a registration form on the company’s website www.mogo.lv;
  2. Mogo.lv will review your application and assess your car within a day;
  3. In case of a positive decision, you will have to sign the loan agreement electronically;
  4. Next, the power of attorney required by the CSDD will be sent to you by courier. Next, you will need to go to the CSDD to register the car as collateral for the loan;
  5. Please note that you will have to pay a fee of LVL 21 (CSDD fee) to obtain the credit;
  6. After completing these formalities, you will receive the money you need on the same day and can continue driving your car.

Mogo.lv – a good help in getting a loan against car collateral. Take advantage of this opportunity to borrow cheaply, but read the loan agreement and think about your ability to pay before you borrow!