When looking for a personal loan, there are many different types of loans and lenders to choose from. One lender that should be considered is Equities First, which is an international specialty-finance firm that has provided over $1 billion in loans to consumers in the past decade alone.Equities First is a unique finance firm because they provide personal loans that take stock portfolios, and other forms of liquid assets, as collateral. Having the stock portfolio provided as collateral provides the lender with a great amount of security, which will then allow them to provide low interest rates and fees to borrowers.
Consumers that are looking for a personal loan will benefit from taking out a loan through Equities First for a few different reasons. The first advantage of taking out a loan through Equities First is that it is more affordable and comes with a higher chance of approval. Most successful traditional banks today have cut back a lot on consumer loans, particularly those loans that are unsecured. Even borrowers that are able to qualify for the personal loan will find that they will have a much higher interest rate and fee structure.
Taking out a loan from Equities First is also beneficial if the borrower does not want to have to liquidate their stock. When liquidating a stock portfolio, there are several different tax and investment strategy consequences. From a tax perspective, those that have not held the stock for a long period of time may have to pay a higher interest rate on any gains received. Those that are considering a sale will also miss out on any stock appreciation and dividends that could be received in future years. This could ultimately result on a significantly diluted level of equity and total return on investment for the borrower.