10th April, 2020
Securing capital for a real estate business is usually a tough task. There are quite a few platforms you can get an instant online loan in Nigeria but these platforms can barely offer you the kind of money you would need to invest in real estate.
In this post, we have outlined two easy ways you can get a loan to invest in a property. They include:
1. Hard Money Lender
Hard money lender is a financing tactic used by real estate investors. In this case, the funds for your investment come from a private individual or group of investors instead of a bank. Real estate investment is one of the top investment opportunities in Nigeria, and for one that is just starting out, getting a loan to finance it can be tough. With the constant back and forth involved in dealing with banks, you will be better off with exploring an alternative option with way fewer bottlenecks.
2. Micro Loans
Micro loans are smaller loans compared to what you can ideally get from traditional banks. They are geared towards smaller businesses looking to get capital for growth. One of the downsides to this kind of loan is that the interest rates are typically higher. Therefore, before you commit to exploring this option to finance your investments, you have to be sure you can handle all the terms involved. Some sources of micro loan in Nigeria include Online Loans.