If you are based in Dubai, the UAE or MEA region, you can use Lombard loans to create significant liquidity, usually to pursue a specific goal or objective. For example, Lombard loans can be used to:
Purchase real estate (whether residential, commercial or investment property)
Diversify an existing investment portfolio
Create liquidity to invest and scale a business
Chase a time-sensitive opportunity
Make various types of investment that offer high returns than the original shareholding
Etc.
Lenders will always want to know how you plan to use the loan and why you need it in the first place. Here, you will need to demonstrate that you have a well-thought-out proposal that makes sense in terms of execution.
Your exit strategy (how you intend to pay back the loan) will also be important to lenders. How you present your plans is often one of the most critical elements in securing a competitive Lombard loan offer, and Enness will be able to help you do this. Usually, lenders are open to how you will exit the loan – disposal of assets, refinancing, using a settlement of some kind, accrual of income and so on will all be options. Most importantly, however, your plans must be feasible, and the numbers must add up. If your lender is not confident in your proposed exit, you will not be able to borrow, regardless of your overall net worth, income or financial standing.