In today’s unstable economic conditions, quick access to liquidity has become a necessity. One of the most popular solutions for financing is to receive an instant loan with real estate collateral. Given this growing need, numerous companies are operating in this field. Etemad Iranian Investment Company also has a special place in the real estate collateral loan market with a brilliant history in providing financial services. This article attempts to answer your questions in this field by comprehensively examining loans on real estate title, especially focusing on the services of Etemad Iranian Investment Company, and help you make informed decisions.
Instant Loan on Property’s Deed; A New Opportunity for Financing
A loan on property’s deed is a type of financial facility in which the owner of a property can quickly access a significant amount of cash by providing his title deed as collateral. In simple terms, you can get a loan using the value of the property you own, and in return, your property is held as collateral with the bank or financial institution until the loan is repaid.
One of the biggest advantages of this type of loan is its high speed of payment. Compared to other financing methods, getting an instant loan with a property document is much faster and you can access the money you need in the shortest possible time. Also, you will not need to provide a guarantor to get this loan, and only your property ownership document will be sufficient as collateral. Other advantages of this type of loan include the high loan ceiling and the possibility of long-term repayment.
A loan on a property document has a wide variety of uses. Many people use this loan to buy a property or a car, invest in a business, meet essential financial needs such as medical or educational expenses, or pay off previous debts. In fact, whenever you need a fast and reliable source of finance, an instant loan with a real estate document can be a good option for you.
Requirements for obtaining a loan
Obtaining a loan on a property deed is one of the common methods of financing. But what are its conditions? In order to benefit from this facility, you must consider the following:
The property deed must be in your name or in the name of one of your family members (father, mother, spouse or child).
The document you provide must be registered in the notary public.
You must be at least 18 years old.
You must not have any bounced checks or bank debts.
You must open an account with the desired bank and purchase mortgage bonds.
Your income is very important in determining the loan limit.
Documents required to obtain a loan on a real estate deed
To obtain a loan on a real estate deed, banks and institutions request documents to ensure your ability to repay the loan. These documents generally include the following:
It is mandatory to provide a copy of all pages of the applicant’s identity card and national ID card.
The most important document for obtaining a loan with property collateral is the title deed. This document shows that you are the real owner of the property and the bank can sell the property as collateral if you do not pay the installments.
Providing a certificate of employment along with the latest pay slip shows your ability to pay the loan installments.
If you are a business owner, it is mandatory to provide documents related to the place of business such as a title deed, lease or business license.
A guarantee check is provided as an additional guarantee to the bank.
Depending on the type of loan and the bank, other documents such as a trade code, a signed loan payment agreement and a complete image of the immovable property ownership documents may also be requested.
Important note: If the loan applicant is under 18 years of age, he can apply for a loan by presenting a valid power of attorney.
Conclusion
In general, obtaining a loan on a real estate deed can be a quick and effective solution to finance financial needs. Etemad Iranian Investment Company, with its diverse services and suitable conditions, is considered one of the safest options for obtaining thitype of loan.
