Simply click this button or any of the apply now buttons on our website apply now and take a minute to complete the information we require.
You'll know we've received your application as an automatic email will be sent to you as confirmation.
Allow an hour or so during business hours for a manager to review the details in your app form and assess the loan for suitability.
You may receive a call to discuss additional requirements.
If our assessors are happy with the information provided, you'll receive an indicative loan approval.
The fee for loan establishment starts at 1.5% + GST (min $4,400 incl GST) and fee is financed into the loan.
Loans that are secured by 2nd Mortgages and Caveats are from 2% + GST and fee is financed into the loan.
Valuation Fees if applicable are at cost.
Lender's legal fee from $3,000 + GST + disbursements (indicative $1,200) - higher if 24 hour funding required, and whatever your broker or referrer has requested be added to the fees that are financed into the loan.
Our loan applications require the following for each Director, each Guarantor and owners on the title(s):
Drivers Licence(s), Council Rates notice(s), Trust Deed(s) if applicable, bank or non-bank loan statements (can be from the internet) clearly showing borrower name(s) and loan balance(s) if applicable, Payout Amount(s) for loans or caveats that are to be paid from settlement funds if applicable.
Upon receiving your online loan application, generated when you clicked the apply now button, an assessor will review everything you have told us and if we can provide you with a loan, you'll be provided with an indicative approval letter in 1-2 hours that includes a list of items we now require to finalise our due-diligence.
When you have provided the list of items requested in the indicative approval letter, our assessor will generate a conditional loan approval and send to you by email.
Accepting our conditional approval offer letter will let us know you wish to proceed.
We are then ready to create the loan agreement and prepare for settlement of your new loan.
We require all borrowers to provide in writing the purpose of the loan funds.
Acceptable purposes include: Bridging finance, payment of business debts, payment of business Taxation payments, working capital, purchase of investment property, business cashflow, purchase of property in recission, an advance on a refinance, a business opportunity, incomplete renovations & residential development projects.
We'll require all Directors and Guarantors to be provided with legal advice that can only be provided by a Solicitor.
When your new loan is ready to be funded, we'll send your nominated Solicitor our loan agreement for Directors and Guarantors to sign (DocuSign).
Your Solicitor will assist you with the documentation requirements and certify identification and statements.
Your Solicitor liaises with our Solicitor to finalise settlement requirements and send funds to your account.
Residential property in metro locations to 75%, Rural/Residential property (population over 50,000) to 70%, Vacant land in metro locations to 70%, Commercial & Industrial property to 70% & Development sites (subject to terms and conditions) to 65%.
Our loans aren't available in remote locations, on certain acreage sizes, where the population or recent property sales are very low i.e under 50,000 or against working farms.