Cheaper rates and bigger loans when secured
The main feature of this loan from dbsfinance is the low rate of interest that is offered to the borrowers. This low rate is due to the high equity collateral that is pledged by the borrower which frees the lender from risk of repayment failure. Thus a low rate of interest is offered.
Any asset like a house, a car, stocks, bonds, real estate etc can be pledged as collateral with the dbsfinance. The equity value should be high so that the loan amount can also be increased. Usually an amount of £5000-£250000 can be borrowed depending upon the equity of the collateral. The term allowed for repayment is 5-25 years.
Although a long term is available for repayment of a low rate loan from dbsfinance, borrowers are suggested to repay the loan as early as possible. This should be done to save the interest money that has to be paid every month to the lender.