Loan amount up to HK$10,000,000 (with reference to property value)
Exempt handling fee, valuation fee and legal fee
First Mortgage Loan is designed for house owners, whose houses are completely paid off or purchased one-off with cash. Customers can apply for First Mortgage Loan by pledging their properties as collateral to Vichong Capital.
Mr Chan owns a private household which worths HK$8,000,000. He urgently needed HK$2,500,000 to solve financial need of his company. Initially, he wished to apply for Banks’ Mortgage Loan service, yet, he discovered that the application process takes more than 2 weeks. It is obvious that traditional means cannot address his urgent needs. Instead, he turned to Vichong Capital for a more speedy and flexible service. We fully understand Mr Chan’s urgent needs and we are able to transfer HK$2,500,000 within 24 hours upon approval.
Second Mortgage Loan is suitable for House Owners whose properties are still under first mortgage. Outstanding principal balance of the original mortgage can be kept.
Mr Choi is a business owner of a clothes manufacturing company. Unfortunately, one of his customers failed to pay an arrear of HK$500,000. At the same time, he needed to pay numerous operation cost as well. He needed a total of HK$600,000 to ease his financial pressure. Mr Choi initially wanted to apply loan from Bank. The bank required him to provide detailed business reports and the procedures were complicated. The bank eventually rejected his application as there are strict limitations on the usage of loan, especially when it is for the purpose of repaying debt. At last, Mr Choi solved his business crisis by applying for Second Mortgage Loan with Konew Financial Express, using his 1100 sq.ft private flat of 12 years old as collateral to. The process was quick and no financial report is required.