Loan words including pre-qualification’ and you will pre-approval’ commonly necessarily sure decide to try indicators regarding a bank that you will get the money. Here’s why.. Image Borrowing: Shutterstock

Dubai: Are you looking for a different sort of auto, household if not a consumer loan? If so, you will probably find yourself apparently notified to be pre-qualified’ or pre-approved’ so you can get funds from additional financial institutions before you even went in the future and removed the loan.Continue reading →

2. A landowner in Canada uses his land as collateral to start a solar farm and generate green energy. David, a landowner in Canada, owns a 100-acre plot of land that he bought 10 years ago as an investment. He has not developed the land, and it is mostly vacant and idle. He learns about the growing demand and incentives for renewable energy in his country, and decides to start a solar power farm toward their land. He contacts a solar company that offers to install and operate the solar panels on his land, and pay him a lease fee based on the energy produced. However, David needs to raise $1 million to cover the upfront costs of the project, such as land preparation, permits, and connection fees. He approaches a bank that specializes in green financing, and offers his land as collateral. The bank conducts a feasibility study and a risk assessment, and agrees to lend David $1 million at a 6% interest rate, with his land as security.Continue reading →