Loans for people that own a house or property are normally called secured loans meaning that your home or real estate is used as security against the amount of money you borrow. This is standard procedure at banks or financial credit providers in South Africa and as long as you can afford to pay back the money a lender gives you, there is no risk of losing your home. People who own expensive property will normally be able to borrow more money than those with more modest assets and some people will be in a position to borrow a lot of money in the form of a large loan from one of the financial credit providers in this country.
Types of loans available that people who own a house or property normally apply for are those that can help them with debt consolidation. Many people take out finance to pay a lot of outstanding debts off all at once which then leaves them with just the one easy to manage payment each month. This method of consolidating debt is relatively easy to qualify for if you own your home or some other kind of real estate and can show that you are earning a decent regular income.
This kind of finance can also help someone with a bad credit record to clear their name and get back on the road to financial freedom. A financial credit provider will often overlook the fact that someone who is blacklisted needs a loan if they own property and are willing to sign that as surety against the amount of money borrowed. They understand the fact that millions of people around the world have a bad credit record and are more often that not willing to lend the cash with the secured contract. If you are in need of money fast and own your own house or property then feel free to use the links throughout this website to apply for a secured loan with one of the various South African credit providers.