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Rates
Loan Inquiry Form
Many
of our clients are businessmen who have assets and income
but perhaps because of tax minimisation schemes etc. are unable
to prove adequate serviceability to banks because their 'financials'
bear little or no resemblance to their real income.
We do not usually require taxation returns (except where proof of compliance may be required), cash flows, business plans
or budgets, etc. - although cash flows are required for construction
loans for progress payment purposes if you are an owner builder otherwise these are usually within the fixed price building contract. We do not apply income
or gearing ratios when considering mortgage proposals and
credit checks are normally only conducted for the purpose
of identifying undischarged bankrupts and/or for large unpaid defaults and/or judgments.
Suitable securities include - homes, shops, offices, vacant
land, factories, farms - indeed almost any form of 'real property'
is acceptable including specialised securities such as service
stations, squash courts and cool stores! *
The
current Credit Act requires that borrowers declare the loan
purpose - either a loan under the Credit Act - a consumer
loan (house purchase -owner occupied, holiday, consolidate
personal loans, vehicle purchases etc. - ie. loans for personal use)
OR if the monies are to used for predominantly business or
investment purposes.
See Rate page for
current interest rates and loan criteria and/or email the Loan
Inquiry Form for a full written indicative offer/quotation
which includes: confirmation of amount, rate and term, applicable
fees, application forms and a procedure page outlining steps to
settlement.
* Loan to value ratios may vary with the type and location of security offered and in some cases EPA reports may be necessary (eg. service stations)
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