A Private Caveat is a legal notice that recognized you have an interest in a particular property or land. For example, a purchaser who paid a deposit under a sale and purchase agreement could apply through the court for a private caveat on the land to guard his interest.

A private caveat is created under the statute of the National Land Code 1965. The purpose includes:

  1. To maintain the status quo pending court proceedings – if any.
  2. To protect a claim of a registered interest pending registration.
  3. To give actual notice of the caveat application’s claim.

Applying for caveat loan from a bank or any financial institute is one of the solutions, but we all know how troublesome and time-consuming it is. However, all are not lost even though in such cases, time is paramount important because if an application for caveat is a delay, your interest in the house or property may have disappeared.

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Private lenders like FirstLoanMalaysia.com would be able to help. Our customer service is more immediately available and attentive, whilst our loan approval is fast, and loan disbursement is exceptionally quick. So if want knows more about us, just pick up the phone or visit our website.

People such as hawkers and petty traders are those small business people who are unable to get help and money for this kind of cases. Those who require loan service are facing an urgent financial need. (To qualify for a bigger loan amount one can consider applying for an SME or business loan, so having collateral certainly helps.) Usually, this type of loan is called caveat loan, where you pledge your house or land in exchange for money.

With the cash, the client has solved their financial needs, can leave the application process to us. We will get in touch with you to assist you with any queries you may have.

Check out the other loan services such as Mortgage and Personal Loan.