We offer a refinancing loan for borrowers who have properties. Borrowers can apply for an excess cash payout, based on the market value of the real estate and the bank’s existing loans. In the licensed money lender term, it means that you can use your property as collateral to get emergency cash out. This cash out is usually for a short period of time, and when you need the cash quickly. Especially most of the people will borrow this loan for their business purpose or personal purpose.
Refinancing loan is easier to get approval because it will lower the risk of the money lender. The loan amount depends on the market value of the property. If you unable to pay back instalment, they can execute the SPA agreement to claim back the outstanding money from selling the property.
Firstly, you must at least own a property to refinance. However, the differential of current outstanding charged and the property market value must be quite substantial. Or else it may not worth to get the cash-out.
Besides that, it is most preferable that the property is Fully Paid-Off. Next, the land title for the property must not be Malay Reserved Land and preferably is a Freehold Land. If you fall outside of these requirements, then you may not qualify for this loan.
We are a licensed money lender with more than 15 years of experience. We have the expertise to advise you on the way how you can get excess cash. We can also help you check the value of your property, to get an estimated loan amount we can offer you.
We provide services in KL such as KLCC, Cheras, Kepong, Setapak and Selangor such as Petaling Jaya, Ampang, Damansara, Shah Alam, and Puchong. For other parts of Malaysia, such as Johor, Malacca, Penang, Pahang, Negeri Sembilan and Perak, you need to drop us your details via the contact form.
Do not hesitate to call us. If you can emergency cash needs, we can try to assist. Even if you do not have property to refinance, we may be able to help you with other loan services.
We have offer more famous loan service such for business purpose, debt purpose or factory purpose.