Colatr
Colatr
Bring a phone, laptop, other valuable, or a vehicle — get a short-term loan against it, and get the item back once you repay. You never lose ownership; Colatr just holds it as security.
Borrowing makes sense when you need cash for something temporary — an emergency expense, a short-term gap — and you want your item back once things settle. If you don't need the item back, selling outright usually pays more; see our Sell page.
| Term | Flat finance charge |
|---|---|
| 14 days | 7% |
| 30 days | 15% |
| 90 days | 45% |
Plus a 2% valuation fee and 1.5% redemption fee. Your written disclosure shows the exact amounts and total repayment before you sign.
Finance charge at 7%: GHS 70. Valuation fee at 2%: GHS 20. Redemption fee at 1.5%: GHS 15.
The total to repay and redeem by the due date is GHS 1,105 (GHS 1,000 principal + GHS 70 finance charge + GHS 35 fees). The due date is 14 days after disbursement; your agreement states the exact date and fee amounts.
If payment remains unpaid after the due date, a one-time GHS 22 late fee applies, plus 0.533% per day on the unpaid repayment amount. On GHS 1,105, the daily portion is about GHS 5.89. If you do not repay or respond to notices, Colatr may sell the pledged item to recover the debt and costs. Any surplus is returned to you.
Illustration only. Your signed agreement and disclosure statement give the exact figures for your loan.
Indicative: ~35–50% of collateral value
Indicative: ~20–35% of collateral value
Indicative: ~40–60% of collateral value, logbook held for the loan's duration