Contractual Agreements

Please email info@assertbackedloans.co.uk for copies of the agreements.

LOAN IS SECURED AGAINST YOUR ASSET. FAILURE TO REPAY YOUR LOAN MAY RESULT IN YOUR CAR BEING SOLD.

When you place your vehicle or luxury asset with Asset Backed Loans, it is held as bailee for value. We take all reasonable care of your asset while it is in our custody. While the asset is not insured for road use, it is covered for replacement value during storage in our designated facility. Clients may also wish to maintain or arrange separate insurance coverage for their asset.

Please be aware that under the terms of any existing insurance policy you hold for your asset, you may be required to notify your insurer when the asset is in storage with Asset Backed Loans Ltd.

Representative Example:

If you borrow £100,000.00 over 6 months at a flat rate of 60% per annum (fixed), with a Representative 69.0% APR, you will make one repayment of £130,000.00. The total amount repayable will be £130,000.00, including £30,000.00 interest. The maximum APR is 93.2%.

During the term of the agreement, your asset is pledged to Asset Backed Loans Limited t/a PawnYourCar.co.uk as security.

⚠️ YOUR LOAN IS SECURED AGAINST YOUR ASSET. FAILURE TO REPAY UNDER THE TERMS OF THE AGREEMENT MAY RESULT IN YOUR ASSET BEING SOLD.