A short-term secured loan is when a borrower provides the lender with a security that can be used as collateral. In an event of a default, the security can be sold to recover the outstanding debt.
A Bridge Loan is a type of gap financing arrangement wherein the borrower can get access to short-term loans for meeting short-term liquidity requirements. It is often used to meet current obligations, while permanent financing is being secured.
Read our article on everything you need to know about bridging loans here.
Rikvin Capital accepts unencumbered Residential, Commercial or Industrial properties as collateral. Other types of collateral such as stocks may be accepted on a case by case basis.
Bank loans take too much time for approvals with clients who have no track record or are affected by TDSR issues. Rikvin Capital helps customers to capitalize on time-sensitive investment opportunities. Obtaining a short-term secured loan is straightforward and hassle-free.
The Total Debt Servicing Ratio(TDSR) is a framework in place to limit the amount borrowers can spend on debt repayments to 60% of their gross monthly income.
We explain everything that you need to know about TDSR here.
Swift – Our process is streamlined, and we can close your loan within 24 hours. We do not want you to miss out on time-sensitive investment opportunities.
Transparent –Our fees and terms are fully disclosed upfront. We dislike hidden costs too!
Flexible – Our solutions are always customized to best suit your needs.
Your questions still not answered? Contact us & we’d love to help!