Chattel Mortgage
When it comes to loans, there are many different types of loans to consider, depending on your situation and your credit history. Many people are not familiar with what a chattel mortgage is, so we thought we would break it down for you in case this is something that you might be interested in. A chattel mortgage has a fixed rate, which is similar to that of a home loan. Essentially, the car or equipment that you purchase will be owned by us but used by you until you have paid off your loan. So if this sounds like the type of structured loan that you need, then contact us.
Structured Payments
Sometimes we all need a helping hand in life so that we can better ourselves and make our lives easier. So what can you do if you need a motor vehicle or new equipment for your business? A chattel mortgage is a viable option because you can take the money that you need and pay it off with structured payments that range from between two to five years. This makes it easy to get access to the money that you need when you have no other options. So if you are interested in payment structures that suit your lifestyle, then get in touch with us.
Low-Interest Rates
One of the most important things to consider when taking a loan of any kind is what type of interest rates you will pay back throughout the loan. AT the end of the day, loans without interest do not exist, which is why it is a smart move to choose the payment plans with the lowest interest rates. The interest rates on a chattel mortgage are far more affordable than the rates associated with an unsecured loan. This is why chattel mortgages have become so popular because you know from the start what you are signing up for. So contact us to find out more about it.
Flexible Payments
At the end of the day, everyone lives different lives and the loans that we take are a reflection of that. Many people have careers where certain times of the year are better than others, and during these times it is nice to know that you can pay extra on your loan so that in the months when cash flow is lower, you can pay less while knowing that it all balances out later on down the line. So if you are looking for payment structures that are flexible enough to suit your annual income, then reach out to us so that we can get working on your personalized payment plan.
Balloon Payment
Depending on the size of the loan that you need to take, it is worth noting that if you can't afford the monthly repayment, then your payment plan can be structured in a manner that you have a balloon payment that will only need to be paid at the end of your payments. This helps to reduce your monthly payments so that you have more cash flow every month. Baring in mind that you will need to set aside a small amount every month so that it can contribute towards the balloon payment. So if this sounds like the way that you would like to pay off your loan, then contact us to find out more about it.