In the midst of worries of potential worldwide financial problems, banks and most other financial establishments are tightening their regulations on borrowing. In addition to the fact that it is harder to secure the loan, it is even more costly because of the high financing costs and minimal low loan-to-value proportions. However, regardless of the doubt, Equity First Holdings is quickly turning into a main world lender.
Equity First Holdings was established in 2002 to lend to its customers using stocks as security in U.K. Throughout the years, it has extended to traverse in nine nations around the world, including Singapore, Australia, and Hong Kong among others. EFH has been developing in fame with borrowers and to date, it has recorded more than 650 exchanges worth more than $1.4 billion.
It is quicker and easier to have the access of working loans if you stocks as security. EFH’s primary criteria when loaning out loans is assessing the present and probably future estimation of the customer’s stocks. In that capacity, necessities for capability are not the same number or difficult as those of other lenders and banks. Equity First Holdings is extraordinary within its lending services due to the following factors:
Interest rates are fixed
Equity First it’s familiar with its clients for fixed rates of interests on loans. The financial costs are additionally welcoming as they range between 3 and 4 percent. For customers, this brings the feeling of steadiness all through the reimbursement time frame despite of the economic fluctuations. More so, Equity First provides larger loan-to-value ratios as compared to other financial lenders. The proportion at present stands at 50 to 75 percent contrasted with banks’ proportions that range between 10 to 50 percent.
Ordinarily, a loan is binding and liberating. You acquire respite from the financial challenges, yet you are bound with scheduled installments until the hanging arrears are cleared which is not the case with EFH.