A loan with a liquid guarantee (also known as a back-to-back loan) is a loan whose collateral consists of a term certificate of deposit issued by the bank.
It targets investors that want personal loans. In order to not use their investments, they apply for a loan at the bank and provide a term certificate of deposit as collateral.
Benefits
- You do not have to eat into your savings; you set them to work as collateral for the loan.
- Attractive interest rates because it involves liquid collateral.
- Convenient time frames.
- Investment consulting services.
- Automatic payment mad via a deduction from you Universal or savings account.
For more information call 800-1-SCOTIA (726842) or visit us at any of our branches!
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