Borrowing to finance your own housing is a common thing. We usually visit our bank and apply for a loan or mortgage there. Can a non-banking company offer us a loan with similar parameters to a loan in the banking sector? That is what we will shed light on in today’s article. Fast non-bank housing loan yes or no?
Non-bank housing loan – reconstruction of the apartment
Most non-banknotes will not lend you more than 300,000 dollars, but that does not mean that you could not use this money to improve your household. Even a smaller amount can be reconstructed kitchen, living room or bathroom. How to get finance? It is not difficult to fill in a non-binding application on the web. Have your mobile phone, valid ID, email and bank account ready.
You will find out the amount of any installments as soon as the application is approved, which never lasts more than 30 minutes. It is then up to you whether you accept the offer or not. If you decide that you are not interested in a home loan, just refuse it. You do not have to worry about any penalties or hidden charges. If you do not receive the required amount, you may be offered a lower amount.
Non-bank housing loan without collateral
A real estate pledge is usually not necessary, but it is important that you have a documentable income in the form of employment or retirement. Business or mothers on maternity leave may also receive the loan. Some companies favor young families and / or couples. The partnership loan has the advantage that thanks to the co-applicant it is possible to achieve a lower interest rate and APR.
Banks usually approve 80% to 90% of the value of the property. Therefore, it is not possible to get 100% of the home loan. You must be prepared to make a down payment. The higher the down payment, the better.
Non-bank loan for new furniture
Smaller loans are suitable for new furniture in the form of sofas, coffee table or living room wall. Who would not want to improve housing. Choose a maturity and repayment amount that will suit you in the long term. The advantage is if you have the option to repay the loan early for free without any penalties.