What is a refinancing loan?
Refinancing loans are especially suitable for borrowers who own real estate. The borrower can apply for excess cash payment based on the market value of the real estate and the existing amount of outstanding loans. During the money lender period, this means you can use your property to get emergency cash. This cash is usually a short time.
Refinancing loans are easier to obtain approval because of the reduced risk of money lenders. The amount of the loan depends on the market value of the property. If you are unable to repay the installment, the lender can execute the SPA to claim the unpaid amount from the borrower.
The request for this loan
As a minimum, you should have a property refinance. The top priority is that the property is paid in full. In addition, the land title of the property cannot be an indigenous reserve, preferably a permanent title deed. The lender usually compares the current value with the amount of the outstanding loan. If there is any excess cash, the lender can only use part of the amount as a temporary refinancing loan amount. However, the difference must be large. Otherwise, it may not be worth refinancing and getting cash.
who are we?
We are a money lender with years of experience in this type of loan. Before deciding to continue the loan, you can always check the current market value of the property and how many refinancing loans your property can generate.
We provide services in Kuala Lumpur such as KLCC, Cheras, Kepong, Setapak and Selangor, such as Shah Alam, Petaling Jaya, Ampang, Damansara, Puchong. We also cover other parts of Malaysia such as Johor, Malacca, Penang, Pahang, Negeri Sembilan and Perak.
If you are interested, please do not hesitate to call us immediately. If you have any business opportunities, you can use them not only for refinancing loans, but also for redemption and SME loans.
You can also read our personal loans, war loans and debt consolidation loans.