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Showing posts from September, 2018

Bridging & Mezzanine funding

There will come some situations in life where you’re looking at selling off an existing house or property to replace it with a new property due to many reasons. In such situations, a home loan may not make sense since the intention is to fund the new property from the sale continues received from the old one. In such a situation, a Bridge Loan or a mezzanine loan comes handy. It is a short term loan granted to help the mortgagor fulfill the financial requirements such as buying a new home or anything else. Before that you should have enough knowledge about bridging loans and mezzanine loans and. A bridge loan is a short-term loan used until a person or company make safe the permanent  financing  or removes an existing compulsion. This type of financing allows the user to meet current responsibilities by providing immediate  cash flow . The loans are short term, and it validates up to one year, with relatively high interest rates and are usually backed by some form of  pledg

Want to Apply for a Loan to Buy Your Favorite Bike

In our country- India, going to the office through a crowded public transport could be time-consuming and a frustrating affair. A car or a two-wheeler can bring a relief and reduce your traveling time. That days have gone when you need to give a huge amount of money to buy a vehicle of your choice. It has now become simple to buy a vehicle with banks and private lenders. They provides auto loans with varied interest rates depending on your need. Appling for a loan to buy a two-wheeler is much easier than a car loan. As there is a huge demand for bikes, the two-wheeler is competitive. Hence the consumer has the upper hand when it comes to financing. It only takes 2 to 3 business days for sanction. But here are some basic criteria. 1: Eligibility Criteria:  You must be over 21 and below 60 years of age for applying a two-wheeler loan. Also your financial capability is checked through your bank statements, and for paid employees, remaining in the same job and residence for 1