“In February 2023, my spouse and I were in the middle of building our marital home, and while we had completed the structure, we still had a long way to go with completing the finishing (wiring, tiling, fencing, painting etc.) and needed a big chunk of money to make it liveable. At the time, we had depleted our sources of funding for this project and did not have anywhere to turn to for money. The bank was offering a very high interest rate that we did not want to consider.
A colleague of mine advised that I contact SteadFin for support, which I did. My concern was that I did not have the 30% saved up for the loan amount we needed. However, the Financial Advisors informed me, that the 30% could be topped up and considered as part of the loan and I would still be given the amount of money I needed as long as my collateral was adequate, which it was. Within a few days, all necessary paperwork was concluded and SteadFin loaned us the funds. My spouse and I were truly impressed at the quick turnaround time it took for the whole process.
We continue to improve the property on a monthly basis with our income as we our family lives in it, and in the future, we hope to construct houses for rent to generate income.
My advice to members is to have a detailed plan for any money you borrow to avoid mis use. Avoid taking huge chunks of money that you may not need. You would rather do a top up in case you realize you need more.
SteadFin Financial Advisors are always ready and available to offer financial advice. Members should take advantage of this.
Without the support from SteadFin, my family would not have been able to finish our home and move in at the time we did. I am impressed at the professionalism of the staff and the quick turnaround time to have money disbursed. I would encourage members to save more with SteadFin.”
