Caveat Loans

Some day as a business owner, or even as an ordinary person, you will find yourself in a situation where you require money urgently for one reason or another. As you may be in need of the money in less than 48 hours, you realize that applying for a bank loan is out of the question and that with the long procedures involved it might take a week or two to get the money in your account. The second option is always looking for friends or family members and asking for their help but this doesn’t always work and you most likely will come out with little or nothing to show. Like, how many of us will trust our friends or relatives to pay back a large sum they owe us? Well, other than the normal personal loan and business loan, there are a third option which always works and it goes by the name Caveat(s).

A Caveat can basically be referred to as a document which is attached on ownership deeds like Title Deeds of real estate and prevents selling or buying of the property until the owner pays back the money s/he owes the  lender. A caveat loan (also referred to as Second Mortgage) is therefore a short term loan which is mainly secured using the caveat document. Caveat loans are usually borrowed when money is needed urgently due to unexpected circumstances the most common being:

• Big sudden losses that take a hit on the business’s cash flow. A Caveat may be taken to pay suppliers or wages to forestall further complications.
• When a long overdue tax debt needs to be paid as soon as possible.
• When a business or individual wants to purchase a certain property faster before other bidders do but he/she doesn’t have the money at the time

Not many financial institutions give caveat loans and we are among the few that do it. We offer the best caveat loans in Malaysia in terms of speed and payment terms. Our caveat loans take less than 24hrs to be approved with past credit history not really an issue. With interest rates lower than 4% per month, you don’t need to worry the next time you hit financial rock bottom, just give us a call.