CAVEAT LOAN

A caveat loan is similar to a second mortgage. It’s a fast way to get money you need, using your real estate property as security. Caveat loans generally settle within 24-72 hours from a completed application and are usually structured for 1 to 4 months.

The short ‘term’ of a caveat loan means that because you complete the loan within a matter of weeks or months, you don’t have the hassle of having to make ongoing loan repayments that are part of some many other loan types. Typically caveat loans are used for a variety of urgent business and investment purpose such as: - Securing urgent funds to facilitate the purchase an investment or commercial property before other potential bidders - Secure your next business opportunity or expansion - Working capital for your business

To obtain a caveat loan, security is required – the offered security can include residential real estate, commercial, retail, industrial vacant land and development sites.

The opportunity for approval of a caveat loan is not solely reliant on your credit history and ability to demonstrate serviceability as so many traditional loans are. To get a caveat loan approved is primarily based on the equity available in the real estate being offered as security.

Simply complete our enquiry form to the right and a loan consultant will be in contact with you shortly to approve you for a caveat loan.

Lowest Interest Rate

72 Hour Approval

Flexible Installment Plan

Outcall Services

What is a second mortgage?

A second mortgage speaks for itself really; as the name suggests, it’s a loan secured against real estate property that already has one mortgage attached to it. Therefore by receiving a second mortgage you will still have your original mortgage lender on the title of your real estate property, and the lender of your second mortgage will be added alongside

Second mortgages are called a subordinate because, if the loan was to go into default, the first mortgage gets paid back before the second mortgage. Therefore, a lender of a second mortgage has a higher risk and this cam result in a second mortgage having a higher interest rate that a first mortgage.

A second mortgage is a type of loan that is suitable when you need money in a hurry, or when you have insufficient cash flow to cover your current financial requirements. A second mortgage allows you to access the equity you have in your home. By using your home equity to secure your second mortgage, means that the loan amount you need can be approved and paid into your account in as little as 24 hours.

Second mortgages start from as little as RM5,000 and can stretch to RM5,000,000. However the total amount you can borrow as a second mortgage is determined by three key factors:

  1. The value of your property and the amount owing on your first mortgage
  2. Your ability to make the repayments on both your first mortgage and your second mortgage
  3. Your exit strategy – that is, the way you plan to repay the loan at the end