Benefits Of Taking A Secured Loan
09 Jun, 2016 3:26 PM
Secured loans are loans issued after giving out an asset or collateral of some sort.
Most people are sceptical of secured loans (loans that are only available to property owners) because they fear that when they are unable to repay the loan, their assets will be repossessed from them. This might be true but provided you keep up with your repayments, taking out a secured loan could be the best way to get cash loan without so much hassle.
The benefits of secured loans include:
1. Your credit rating doesn’t have to be perfect because a secured loan is backed up by your property/asset.
2. The interest rates on secured loans are often considerably lower than those offered on unsecured loans.
3. Secured loans repayment periods are longer and can last for up to more than ten years giving you ample time to pay it.
If you are looking for a financial institute that will give you a secured loan, you can always get in touch with Investeq Capital and we will sort you out.
Visit us at Ambassador Court, Suite No. A4, Milimani Rd or dial 0722403311
