The benefits are secured by real estate

To obtain a loan, many banks require property security. Only then the creditor is ready to give the client a sufficiently large sum. Company Creditorium provides business loans secured by real estate.

Although the service seems simple to many at first glance, people often doubt whether they should take out such a loan or choose another option. You should carefully familiarize yourself with the terms of the loan, the features of calculations, and the risks of overdue payments. It is still necessary to identify the main advantages.

The main advantages

This loan option allows you to get a very impressive sum. Such offers are available from large banks and well-known MFIs. They are also found in financial organizations that are connected with mortgage lending. These companies work on the basis of the laws of the Russian Federation, providing "transparent" transaction conditions.

Borrowers receive the following benefits:

1. A large amount is provided. Its size is influenced by 2 factors - the market value of the property and the client's solvency. If you have good real estate, you can get a large sum for your business. And ordinary programs do not offer such a limit. If you pledge real estate, you can get up to 70% of the total value of the pledge price.
2. Low interest rate, unlike a regular loan. Without collateral, even Sberbank assigns a rate of approximately 17%. If a deposit is provided, the indicator drops to 9%. This is a noticeable difference, considering the amount and expected return.
3. Payment terms. Each client receives an individual debt repayment schedule. Usually, the payment term is up to 20 years, so such programs are similar to mortgages. This reduces the amount of payments, unlike short loans.

A notable benefit of a real estate mortgage loan is that the borrower uses the pledged object. Providing housing under a mortgage agreement, the recipient will still be its owner. Therefore, he can continue to use the property.

Of course, there are also some disadvantages. At the same time, they are not so significant. And the advantages of such a service are much greater. That is why this loan remains in demand.

If you want to use such a service, you should carefully choose a financial organization. It must comply with the legislation of the Russian Federation. More reliable companies guarantee an individual approach to each client, as well as fast processing of transactions.