What Type of Loan Facilities Are Available?

Home Loans/Residential Property Loans

Loans secured by residential property are normally Home Loans, Home Investment Loans or Lines of Credit. However, business finance is also available at home loan rates from selected lenders.

Loan terms are for periods of up to 25 or 30 years and interest only periods of up to 5 years are available depending on the purpose.

Loans of up to 95% of the security property value are available. However, in most cases Loan Mortgage Insurance is payable if the loan exceeds 80% of the property value.

It should be noted that 100% finance is available if sufficient equity is held in current home or other properties.

Variable or fixed rates, or a mixture of both, are freely available. Clients need to demonstrate the ability to service all current and proposed borrowing from evidence of salary or Tax Returns/Financial Statements and any current or proposed rental income.

Low Document and Credit Impaired Loans are also available.

Commercial Property Loans

Loans secured by industrial, commercial, retail properties also hotel and motel freeholds, residential/commercial property constructions.

Loans are generally over a period of up to 15 years and to a maximum of 75% of security property value (dependant on property type). We are also able to provide loans to 80% of security property value for Commercial properties if required.

Suitable for clients that are purchasing or refinancing commercial properties with loan amounts in the range of $100 000 to $10 000 000.

Clients need to demonstrate ability to service all current and new borrowings from evidence of salary, Tax Returns/Financial Statements.

Loans may be set up on a principal & interest or interest only basis and either fixed or variable interest rates (or a mixture of all of the above).

Loans must be for a non personal purpose as they are non-Credit Code regulated.

Commercial Leasing, Commercial Hire Purchase & Equipment Rental.

Suitable for all business operations or professionals to assist with the purchase of motor vehicles, plant and equipment. The goods being purchased must predominantly be used for business purposes - the Lender will require evidence of this.

Vehicles that are purchased as part of an individual's formal salary package can also be funded (as a Novated Lease).

Vehicles (new & used), trucks, earthmoving equipment, manufacturing plant, computers and office equipment are suitable items and generally this will be sufficient security for the loan.

Generally, the borrower needs to have been in business or profession for more than 2 years and be able to demonstrate serviceability for all current and new borrowings from tax returns/financial statements.

Loans should be in excess of $15 000 and terms are up to 5 years with a residual / balloon in line with tax office guidelines.

Interest rates vary between institutions and are dependent on the type and age of equipment, term and residual required, also the borrowers the financial standing.