| Location | Singapore |
| Market Value | S$ 2,000,000 |
| Loan Amount | S$ 1,200,000 |
| Loan-to-Value | 60% |
| Duration of Loan | 6 Months |
| Payment Schedule | Rolled-Up Interest Payment |
| Asset Type | Motor Vehicle(s) |
| Completion Time | 9 Days |
Problem
- A High Net Worth Individual (HNWI), who is a CEO of a public listed company, had recently moved to Singapore and purchased a limited edition Ferrari and a Rolls Royce.
- Local banks were not able to provide financing as the individual had no credit history within Singapore.
- Without a loan, the individual was going to lose his allocation to the limited edition Ferrari.
Solution
- Rikvin Capital recognised the value of the vehicles and was able to provide S$1,200,000 to complete the purchase.
- The HNWI managed to secure a bank loan after 6 months.
Meet your loan requirements effortlessly with Rikvin Capital
Are you looking for a short-term loan? Contact us today and let our specialists assist you with your loan requirements.
»