Business Loan vs Personal loan

[Eric Heng]

Hello all,

I am currently looking to buy a second property which I plan on renting out. I was wondering what would be best, an individual loan or a business loan and what are the advantages vs disadvantages of each? I saw that if you get an individual loan, you would have to rent out the current property and occupy the second? I was hoping to avoid that and stay in my current property. Also does the loan become callable?