PostHeaderIcon Asset-based loan

If you wish to get a loan in a faster way – then apply for an asset-based loan. This is what I did when we applied for a loan early this year for our house renovation. We used our Lot Certificate of title as collateral to get a loan. What I love about an asset-based loan is the lesser annual interest compared to other kinds of loan. The lender is secured about the loan considering that the value of the collateral is much higher than the amount of loan. Our asset-based loan term of payment is monthly for a duration of 3 years. The interest is acceptable and my monthly amortization is affordable.

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