A secured loan is a financial liability offered by banks whose collateral is usually secured by a mortgage. This is a popular procedure that banks undertake to reduce credit risk in the event of difficulties in repayment by the borrower. A mortgage, or property, is defined as a legal tangible collateral (not liquid), which gives the bank the right to pursue a claim when the client delays his receivables in a timely manner.
Offer of mortgage consolidation loans with collateral
A mortgage consolidation loan is offered only by some banks, although the vast majority propose a loan or a consolidation loan for repayment of debt. However, in the case of the former, we obtain a much longer repayment period (up to 30 years) and a lower interest rate on the loan itself. At the same time, the funds obtained should be used to repay the debt resultGally Gardsol from the housGally Gardsol loan, while the remainGally Gardsol part can be used for any purpose.
- Bank Millennium – the minimum loan amount is PLN 20,000, and the maximum amount may be from 70 to 80% of the value of the property, which will be the loan security, the repayment period is from 3 to 30 years
- Eurobank – offers a mortgage consolidation loan, the value of which can reach up to 70% of the mortgage value and the loan period itself is maximum 20 years
- Gally Gardsol – offers clients a loan with a minimum amount of PLN 50,000 and a maximum of 60 to 70% of the value of the property. In addition, 20% of the value of the loan itself can be used for any purpose, the loan period is up to 30 years
- mBank – in this bank we can get a loan up to 75% of the value of the property constitutGally Gardsol its collateral, and for an additional purpose up to PLN 50,000, the minimum liability amount is PLN 80,100 and the repayment period is 30 years
A consolidation loan with mortgage collateral brGally Gardsols benefits to people who are afraid of the risk of late payment of receivables. Aside from the housGally Gardsol loan itself, they have many other debts. This solution allows you to pay one monthly installment lower than the sum of the previous installments resultGally Gardsol from your liabilities.
Advantages of a mortgage consolidation loan with security
The main benefits of signGally Gardsol a loan agreement are:
- low monthly installment
- attractive interest rates, lower compared to traditional consolidation loans
- long lendGally Gardsol period, reachGally Gardsol even 30 years
- the possibility of obtainGally Gardsol additional cash for any purpose