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Collateralized loan rate?
victorgrant is Offline
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Default Collateralized loan rate? - 07-14-2017, 10:58 AM

Hello friends,

If I can't get any of my other friends to help and need to turn to the open market, what's the right terms for a collateralized loan? I'm hoping to only need the ISK for 90 days, and have a big pile of the best stuff that I don't want to sell.

Specifically, I guess I can show an evepraisal and hope to get 100% of the market value. I'd expect to pay it back all at once (plus interest) at or before 90 days. Since there's virtually no risk to the lender the rate should be low, right? Anything else to consider?

I didn't find the right solution from the Internet.


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