Property Equity Term Loan
Get a loan using your propety as security.
Apply for a Loan against your Paid Up Property. We lend up to a maximum of 50% of the open market value of the property * Subject to expert valuation and credit committee guidance. Funds can be advanced within hours of bond registration, with no early repayment fees. Typically, the cost of an Assetline Property Term Loan is less than the loss incurred from the quick sale of the property. The typical loan term is 6 – 12 months. This is a great way to take advantage of the equity in your Property Asset using the Title Deed as the Primary Security for the loan.
At the end of the loan period, you have the option to repay your loan and reclaim your property, extend the loan for a further period, or leave the bond in place for when you need even faster funding a second time round. Whether bridging a shortfall, releasing equity while awaiting a payment or taking advantage of a time-sensitive financial opportunity, Assetline provides an accessible, flexible and fast solution.
- Clients wanting to take advantage of a further property acquisition or other use of cash whilst their current property is on the market for sale
- Clients wanting to use Assetline to fund a shortfall on a cash purchase whilst arranging alternate funding
Advantages:
- Quick Estimates – Our in-house appraisers provide you with quick and accurate estimates on your property value so we can make you a loan offer without delay.
- Fast Funding – Loans proceeds can be deposited to your account as soon as all Assetline’s agreements have been signed and the bond has been registered.
- Optimal Value – We focus on valuation, making sure we properly understand all the intricacies of your property that may give it particular value. This enables us to maximize the amount we can lend you.
Full transparency into the details:
- RATES – The monthly interest rate varies depending on the property and the quantum of the loan
- TERM – Our loans are typically for a 6 -12 months but can be paid back in full at any time. There are never any early repayment fees
- 100% PRIVATE – You can rest assured that your business will remain between us.
- COLLECTION – All payments are made via EFT or direct deposit into the Assetline bank account.
- RENEWALS – Loans are not renewed automatically. Loans are renewed by agreement on the same terms as the original loan unless renegotiated by mutual agreement.
- NON-PAYMENT – Non payment will result in Assetline Capital exercising its rights in terms of the agreement. We prefer to work with clients in these cases to try and find a win – win solution for both parties.
Requirements
Only property with no outstanding debt can be accepted. Therefore if there is any bond over the property then it will have to be settled within the terms of our agreement.
Only property with a value of over R1 500 000 will be accepted in most cases. Apply now to find out if your property qualifies.
We will register a bond over the property and take possession of the title deed.
Once the loan amount has been paid back with agreed interest the bond will be cancelled and your title deed returned.
About us
Founded in 2012, Assetline enables customers to borrow against their assets, in an environment that is confidential, discreet, flexible and secure.
Contact Us
Email: info@assetline.co.za
Tel: 010 595 1050
Fax: 086 566 9081
Address:
2nd Floor,
108 Elizabeth Avenue,
Corner Grayston Drive,
Parkmore,
Sandton,
2196