A secured loan, is a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
Personal loans are advanced on the basis of the borrower’s credit-history and ability to repay the loan from personal income. Repayment is usually through fixed amount installments over a fixed term.
Private Line of Credit (LOC)
A line of credit, abbreviated as LOC, is an arrangement between a financial institution and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain.
Get access to funds from Forshore Lending now and pay back later when you receive your funds. A Bridge loan allows a borrower to borrow against future income he/she will receive from the sale of a Real Estate transaction.
Short term loans
Our Short term loan programs are 30-90 days max. These loans are fast and easy to be approved. No credit check is required. The Borrower just need to provide proof of income via direct deposit.
30 Day pay day loans
We are not a pay day loan company. However we provide short term emergency loans on a 30 to 90 day terms.
60 day pay day loans
We are not a 60 day pay day loan company . However we provide loans up to 60 & 90 day terms with a fix payment schedule of repayment.
Our Secure loan products are secured against Real Estate only as collateral.If you are a home owner, you can apply for our fix rate Home Equity loans with interest rate as low as 4.9% APR through our partner company Forshore Mortgages. Ask our representatives for more details.
Our secured loans are secured using Real Estate asset as Collateral only. You can borrow against the equity in your home for rates as little as 4.9% APR.
Our Business loans are loans for businesses that has been in existance for a minimum of 2 years.
Private Line of Credit (PLOC)
Our Private line of Credit are Home Equity Loans or HELOC for home owners only. Applicants must be a home owner to apply.
Documents required before funding:
- 2 Most Recent pay stubs.
- Job letter (less than 90 days old)
- Equifax Report.
- 3 Months Bank statements
- Loan Application
- Proof of Address (utility or phone bill)
- Photo ID
Terms and Conditions Apply.
Terms & Condition Clause:
I/we confirm that the information given in this loan application is true and correct and I/we understand that it is used to determine my/we eligibility to apply for a loan from Forshore Lending Inc. and it affiliate company/companies. I/we give Forshore Lending Inc. consent to conduct a credit enquire, obtain ANY information which includes the verification of my/we employment status from my/we employer for the sole purpose of obtaining a loan approval.
I hereby give consent to allow Forshore Lending Inc. and it affiliate companies to conduct or cause to conduct a personal investigation and disclosure the information to other Credit Grantors/Potential Lenders.
My Electronic Acceptance to the Terms & Conditions also confirms exclusively to Forshore Lending or its affiliates to submit my application to other Credit Grantors/Potential Lenders and to get the necessary Approval for my/our loan request.