When considering taking out a loan from a private lender it’s imperative that you to your research and ask the right questions. a private lender should provide you with an Indicative Loan Proposal based on the information you have provided to them. The types of questions you need to ask include --
What is the interest rates and terms of the loan?
What is the process for applying for a loan?
What are the documentary requirements for qualifying for a loan?
What is the timeline for approval and funding a loan?
What are the fees associated with taking out a loan?
