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Rejected loan, don’t be dismay you have other options

Don’t be dismay when your loan has been rejected by a bank, you have other options! Best Debt Finance Cape Town, located in the center of Cape Town City, can connect you with a private lender that can help secure a loan.  We have access to funds and our experience to get you the financing you need, even if you have made previous applications to banks on your own and have been rejected, it might be worthwhile for you to try again with Best Debt Finance.

applideclienYou cannot build a house if the foundations are flimsy, right? When it comes to loan approvals, banks use a similar analogy. If you have a low credit score, your application will be rejected out right even if you fulfill all other conditions. Credit score is considered to be the most important factor by the banks while disbursing a loan.

“Credit score reflects a consumer’s behavior towards the financial transactions. In some ways, it is a mirror to his financial habits and underwriters base their decision and develop risk-based pricing based on the credit score,” says Anil Sachidanand, MD & CEO, Aspire Home Finance Corporation. Common reasons for rejected loan applications.

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Whether it’s for a first mortgage, second mortgage or a home equity loan, Best Debt Finance can help you get a private unsecured loan.

When should you consider getting a loan from Best Debt Finance?

You should consider private loans when traditional methods for obtaining financing have failed. Best Debt Finance has access to private lenders. By applying with us you will benefit from affordable installment (term) loans, repayable in a term (i.e. weekly, bi-weekly, monthly) that works best for you!

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