Overview
A loan against property lets an owner raise funds by offering residential or commercial property as security, while continuing to own and use it.
Because the loan is secured, it can suit larger funding requirements with longer repayment periods.
Key features
- Loans secured on residential or commercial property
- The owner retains ownership and use of the property
- Suitable for larger amounts and longer repayment periods
- Loan amount assessed on the value of the property and repayment capacity
Who it is suited for
- Business owners raising funds for their business
- Property owners with a significant funding requirement
- Borrowers looking to consolidate existing debt