NO CREDIT CHECK
Collateralized loans from $500 to $1 million US Dollars
Low Fixed Rates
We never utilize variable rate loans. Once you’re rate is locked in, that is it.
Manageable Payments
You will know up front, before we write your loan – what your monthly payment will be.
In Person / Virtually
We will work with you in person at one of our two South Florida locations or 100% virtually.
NO CREDIT CHECKS
Our process requires zero credit checks. All we require is a government issued ID.
Rates as low as
3%
What We Offer
Defco Loans offers collateralized loans with monthly interest rates as low as 3%. We are a small collateral loan lending company focused on writing loans between $500 and $1 Million US dollars. Anyone can apply for a loan.
No Credit Check Required.
Simple
loan process
How It Works
Our process is simple, quick, and transparent. Tell us about how much you need to borrow. We provide you with a collateralized rate sheet. Once you collateralize at the desired rate, we write your loan and disburse money.
It’s that simple.
How It Works
Our process is simple, quick, and transparent. Tell us about how much you need to borrow. We provide you with a collateralized rate sheet. Once you collateralize at the desired rate, we write your loan and disburse money.
It’s that simple.
Simple
loan process
Design
your own loan
Made For You
Defco Loans are designed to meet your needs. Regardless of the circumstance that finds you here, our commitment is to working with you to get you a loan written. Our team is ready and available to work with you and design a loan program just for you.
Frequently Asked Questions
Below are the most commonly asked questions that we get from our clients. If any of your questions are not answered here,
please feel free to get in touch with us.
What is a collateral loan?
A collateral loan is a loan in which you provide physical goods with an estimated resale value as backing towards the money that you receive.
In the event that you are unable to pay back the loan, or the monthly interest - the collateral is used as a means to recuperate the money that was originally paid out to you.
Are there any credit checks involved?
What can I use as collateral?
How do you determine my monthly interest rate?
Can I use more than one item as collateral?
Who owns my collateral?
While your loan is active, you remain the sole owner of your property the entire life of the loan.
Should you be unable to make a payment, then and only-then does the ownership of the property transfer over to Defco.
How long can I maintain a loan active?
While our loan periods are up to 90 days, we can work with you to continue to extend your loan past the original period given that you continue to pay the monthly interest fee payment.
Ask your loan concierge about length when working through your application process.
What happens if I can't pay my loan?
In the event that you are unable to continue paying for your loan, Defco Loans will place your collateral up for sale through our wholesaler network.
To avoid this, we request you notify us as soon as you are aware that you cannot make your payments - so that our team can work with you.
If I default on one loan, can I re-apply at a later date?
Absolutely. Since our loans are collateralized, we offer the opportunity for repeat loans - given that your new loan is also collateralized based on your future needs.
Do I have to be in the state of Florida to get a loan?
You do not. We work virtually with many customers and can offer 100% virtual programs. Please note, however, that all loans processed are subject to all applicable laws and regulations of the State of Florida - specifically Broward County & Palm Beach County, FL.