What is caveat loan?
Caveat loan is a type of loan that caveats the particular property or land, to prevent it from being sold. In this time, the money lender will afford a certain amount of loan to the borrower, with the documents signed with the lawyers. These documents indicate that the borrower intend to sell the property or land to the lender. In the event that the borrower is unable to make full repayment as committed, the lender has the right to stamp and execute the property as sold to the lender. On other hand, we also provided working capital loan and personal loan for you to solve the financial problem.
Why need caveat loan?
This type of loan allows for higher loan amount to be approved. Because this is a collateral type of loan, hence the risk to the money lender is lower. They would be able to give out loan of approximate 50% of the market value of the property or land. The intention is for the borrower to sell their properties here, but as a type of collateral to make the borrower make full repayment of the loan.
Requirements for caveat loan
To qualify for this type of loan, you must firstly own a property or land that is caveatable. Any further requirements and processes will be lead by the lawyer, and full explanation will be given by the lawyer, of the risk of this transactions. If full payment is made, there is no risk of losing this property.
Who are we?
We are licensed money lender specialising in caveat loan. We have done many caveat loan, and all these are done with authorised lawyers to ensure all regulatory requirements are adhered. We specializes in KL and Selangor within Malaysia, namely in Puchong, Putrajaya, Subang, Sunway, Petaling Jaya, Damansara, Kepong, Sungai Buloh and Selayang. Besides Klang Valley, we also have our associates in Johor, Negeri Sembilan, Melaka, Penang, Perak and Pahang.
Our services’ feature:
- Quick disbursement of loan
- Flexible tenure
- Easy application process
- Low document requirements
- Fast approval process
Conclusion
Therefore, if you have an existing property, and you need a larger loan amount, you can always consider caveat loan. If your loan amount is not huge, you can consider personal loan or business loan, depending if you are under employment or your own business. We are always here to help you overcome your financial difficulty