NON-RECOURSE LOAN TRANSACTION PROCEDURE:
Loan Application, Verification and Investigation (KYC)
If you wish to proceed It is required under Hong Kong KYC Laws for the Legal Department for INVESTMENT PLACE LIMITED., Hong Kong to verify your identity, carry out some investigations and confirm your home or office address.
Issuance of LOI & DOA
After the lawyers fully verified and approved the applicant loan documents to eligible and authentic, depending on the nature of business/project and the value of loan required the Lender will issue a signed Deed of Agreement (DOA) to the Borrower. The Borrower must complete, stamp, and return the countersigned DOA.
Payment Invoice and Guarantee
Within one (1) banking day after receiving the countersigned DOA, the Lender will send a Payment Invoice. Additionally, a Payment Refund Guarantee (PRG) which ensures that any delay or default by the Lender or Lessor will result in a refund of any advance payment made by the Borrower, along with a 10% penalty fee Payment of 40% Bank Transmission Charges, the Borrower will make an initial payment of 40% of the Bank Transmission Administrative & Handling charges to lease the BG/SBLC, which will serve as collateral for securing the cash loan via Swift MT103. This payment will be made by direct wire transfer into the Provider’s bank account.
Credit & Disbursement
5.Within Five (5) banking days after confirmation of receipt of payment for 40% of the Bank Transmission, Administrative & Handling charges for the Cash Loan via Swift MT103 in Provider’s nominated bank account.
Final Payment
The Borrower must pay the remaining 60% of the Bank Transmission, Administrative & Handling charges by wire transfer within five (5) banking days upon delivery and confirmation of the cash loan in the Borrower’s nominated bank account.
NOTE: The 6% LTV per annum will only be paid for 10 years (60% LTV) and after which the Loan becomes non-Recourse, this simply means the borrower won’t repay (40% LTV) the outstanding.
You are only to pay in advance 40% of the required processing fees in order to complete and successfully acquire the loan from our financial institution, the 60% will be paid when you receive loan amount in your provider bank account.
If you wish to proceed It is required under Hong Kong KYC Laws for the Legal Department for INVESTMENT PLACE LIMITED., Hong Kong to verify your identity, carry out some investigations and confirm your home or office address, for the appropriate verification/investigation exercise to be carried out, the following Document will be needed and to be send to our Legal Department encrypted and secured
E-mail: legal@investmentplaceltd.com
BUSINESS LOAN
BUSINESS LOAN TRANSACTION PROCEDURE:
Loan Application, Verification and Investigation (KYC)
If you wish to proceed It is required under Hong Kong KYC Laws for the Legal Department for INVESTMENT PLACE LIMITED., Hong Kong to verify your identity, carry out some investigations and confirm your home or office address.
Issuance of LOI & DOA
After the lawyers fully verified and approved the applicant loan documents to eligible and authentic, depending on the nature of business/project and the value of loan required the Lender will issue a signed Deed of Agreement (DOA) to the Borrower. The Borrower must complete, stamp, and return the countersigned DOA.
Payment Invoice and Guarantee
Within one (1) banking day after receiving the countersigned DOA, the Lender will send a Payment Invoice. Additionally, a Payment Refund Guarantee (PRG) which ensures that any delay or default by the Lender or Lessor will result in a refund of any advance payment made by the Borrower, along with a 10% penalty fee, Payment of 40% Bank Transmission Charges the Borrower will make an initial payment of 40% of the Bank Transmission Administrative & Handling charges to lease the BG/SBLC, which will serve as collateral for securing the cash loan via Swift MT103. This payment will be made by direct wire transfer into the Provider’s bank account.
Credit & Disbursement
5.Within Five (5) banking days after confirmation of receipt of payment for 40% of the Bank Transmission, Administrative & Handling charges for the Cash Loan via Swift MT103 in Provider’s nominated bank account.
Final Payment
The Borrower must pay the remaining 60% of the Bank Transmission, Administrative & Handling charges by wire transfer within five (5) banking days upon delivery and confirmation of the cash loan in the Borrower’s nominated bank account.
Loan Terms
Loan Tenure: 2- 5years
Interest Rate: 2% per annum
Repayment: Principal repaid in full at the end of the term
Why with Investment Place Limited:
1). Guarantee: We guarantee the ultimate successful Funding of your Projects. In the case of fail, we return 100% of the swift Fee Paid with 1% penalty fee.
2). Speed: It takes up to 5-10 business days to fund your Project.
3). Reliability: Trust is important for us. We fund entrepreneurs to run their businesses successfully already since 1992.
4). Experience: Our experienced professionals will consult you about all the steps that should be done after contacting our Legal Department. We have developed and time-tested approaches for all the operations.