Kingrise Finance Limited was incorporated in Hong Kong on September 22, 1999 as a non recourse loan lender, non recourse loan providers, bank guarantee funding, providers of bank instruments, non recourse commercial lenders, non recourse business loans, non recourse loan companies and bank guarantee monetization.
What Is Non-Recourse Debt?
Non-recourse debt is a type of loan secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. This is one instance where the borrower does not have personal liability for the loan.
Understanding Non-Recourse Debt
Because in many cases the resale value of the collateral can dip below the loan balance over the course of the loan, non-recourse debt is riskier to the lender than recourse debt.
Recourse loans are secured by collateral. If the borrower fails to live up to their obligation and default on the payment schedule, the lender can go after the borrower’s other assets or sue to have his or her wages garnished—anything so that the loan can be made whole again.
Recourse loans give lenders a higher degree of power because they have fewer limits on what assets lenders can claim against for loan repayment. From the lender’s point of view, a recourse loan reduces the perceived risk associated with less creditworthy borrowers.
Because lenders can reduce the risk associated with these loans, they’re able to charge a lower interest rate, making them more attractive to borrowers—especially those who have poor or no credit. This kind of loan becomes even more attractive when a borrower can’t get financing from any other source.
Recourse Loans vs. Non-Recourse Loan: Knowing the Difference
Recourse and non-recourse loans allow lenders to lay claim to assets if borrowers default on their obligations and fail to repay their debts. Lenders are allowed to take possession of any assets used as collateral to secure these loans. Many loans are taken out with one or more assets of a certain value that the lender can take if the borrower does not fulfill their obligation as outlined in the loan agreement.1
The primary difference between the two is that a recourse loan favors the lender, while a non-recourse loan benefits the borrower. So the distinction between recourse loans and non-recourse loans comes into play if money is still owed on the debt after the collateral is sold. Recourse loans allow lenders to go after other assets owned by the borrower if there’s still a balance remaining after the collateral is collected. Lenders of non-recourse loans, on the other hand, are prohibited from going after a borrower’s other assets even if there’s an outstanding balance after the collateral is sold.
HOW TO GET A BUSINESS LOAN, SECURED LOAN, UNSECURED LOAN
The best way to obtain a non recourse loan is to contact Kingrise Finance Limited.
Kingrise Finance Limited was incorporated in Hong Kong on September 22, 1999 as a non recourse loan lender, non recourse loan provider, non recourse commercial lender, non recourse business loans, non recourse loan companies, Real Estate Loan, SME Loans, International Project Financing, recourse Loans, Non Recourse Loans, Letter of Credit, Standby Letter of Credit, Bank Guarantee etc.
Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chattered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP).
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We Specialize In
|Real Estate Loan, Business Loans, SME Loans, real estate loan, International Project Financing, recourse Loans, Non Recourse Loans, Letter of Credit, Standby Letter of Credit, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter etc…|
Why Choose Us?
- Fast Turnaround
- Best Top Rated Banks
- Competitive Low rates
- No prepayment penalty
- 2 Days for Commitment
- Extremely Satisfied Clients
- WE KEEP OUR PROMISE
- 20 Years of Experience & Trust
- No Personal Collateral Required
- Solutions for every customer & every industry.
- Loan amounts from $1 million to no maximum.
- We have solutions for every customer in every industry.
- Fast Approvals & Fast Funding- Closing in as little as 5 days
BROKERS WANTED: We
welcome brokers who are direct to the client. New brokers are
welcomed and are rewarded with 2% commission on every deal they bring to
us, but you must be direct to the client and not in broker chains. We
do not get involved with daisy chain of brokers, neither do we tolerate
scammers, jokers and time wasters.
We would welcome the chance to earn your trust and deliver you the best service in the industry. If you are interested to work with us kindly contact us immediately via Email: email@example.com