What is Asset Loan?
An asset loan is a type of financial instrument where a borrower uses assets (such as real estate) as collateral to borrow money from a lender. In return for the loan, lenders get some sort of interest rate and repayment schedule. Typically, borrowers pay back the loan over time while earning interest. If they fail to do so, then the lender may take possession of the property.
How do you apply for an Asset Loan? You need to apply online at the Fincue website or contact us. Here, you have to fill out the necessary information about yourself along with the details of your property. Then, you have to upload documents property. Once all the documents are uploaded, you can complete the application. You can choose between several types of loans depending on your requirement. All loan applications are reviewed manually by our team of professionals.
How does an Asset Loan work?
The amount of the loan depends upon the value of the property that you are using as security. As per the norms of the bank, the minimum loan amount that you can avail of is $10,000 and the maximum limit is $50 million, or else you can contact us to get more info about the loan of your asset.
Are there any consequences for not paying back on Time?
If you don’t repay the loan in time, the bank can seize the asset and sell it to recover its loss. Also, if you default on the payment, the bank may charge you higher interest rates.
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Why choose Fincue?
How long will it take to get approved?
It takes just a few days to get your approval. But before any decision is taken, we request you provide us with the latest appraisal report of your property. We also want to know how much equity you have in the property.
Fincue is a company to offer asset loans in Australia and Asset Finance. Our service is fast, simple, and hassle-free. We believe in transparency and customer satisfaction. So, we make sure that the terms and conditions of the loan are clear and transparent. You won’t face any hidden charges or unnecessary fees.
