N K S FINANCIAL SERVICES

TERM LOAN /OD AGANIST POPERTY

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Secured by Property: The property pledged as collateral reduces the risk for the lender, often leading to more favorable loan terms and interest rates compared to unsecured loans.
Fixed Loan Amount: The amount you can borrow is based on the value of the property and your repayment capacity.
Repayment Terms:
- Short-Term Loans: Typically repaid within 1 to 5 years.
- Medium to Long-Term Loans: Can be repaid over 5 to 15 years or more, depending on the lender and loan agreement.
Interest Rates:
- Fixed-Rate: The interest rate remains constant for the entire loan term.
- Variable-Rate: The interest rate may change periodically based on market conditions.
Monthly Payments: Consist of both principal and interest, spread over the term of the loan.
Use of Funds: Can be used for various purposes, such as business expansion, personal needs, debt consolidation, or property renovations.