New Heights Finance – Offering Bridging Finance and More
Overview
New Heights Finance is an organisation that specialises in providing Bridging finance solutions, property bridging, equity release, personal loans, purchase order, pension provident solutions and more.Many banks are reluctant to provide high risk lending nowadays and many borrowers are viewing bridging loans as a simple alternative to mainstream lending. These loans however come with high interest rates as well as hefty administration fees.
Eligible individuals include those who’ve sold a property, or who have been granted a further bond; those awaiting funds from a pension or provident fund payment or RAF claim; estate agents awaiting commission.
Property bridging, which is a quick way to access cash is fast gaining popularity.
Property bridging allows one to get a cash advance on the profits if a property is sold.
Pension Bridging involves access to a pension pay-out if you have resigned, have been retrenched or dismissed. This option allows one to obtain a short-term loan against a confirmed or guaranteed cash inflow. Funds are obtainable while one waits for a lump sum pay-out from policies or investments, Retirement Annuities or provident funds.
New Heights Finance provides equity bridging services which entail property equity release, property warehousing and mezzanine finance.
Equity release involves a financial arrangement in which a property owner sells all or part of it to a financial institution in exchange for cash, but has the right to continue living there.
Personal loans are offered from R2000 up to R100 000, to clients with clear credit records only. Approvals are done within a couple of days.
Loose assets can be used as security for short-term asset loans.
New Heights Finance is a South African Financial House which provides an array of viable solutions for clients. It operates using a unique business model which gives South African consumers numerous options for quick ways to access cash.
