PRIVATE LOANS
View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal.
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Private Loans for Commercial and Residential zoned Property. |
| Private lenders in Australia are non-bank lenders that provide funding to individuals or businesses. These lenders are typically not regulated by the Australian Prudential Regulation Authority (APRA) or ASIC and offer loans that are different from traditional bank loans.
Private lenders in Australia typically offer short-term loans, which are secured by assets such as property, business equipment, or vehicles. These loans are often used for business purposes such as property development, working capital, or to cover unexpected expenses. One of the advantages of using a private lender in Australia is that they may offer more flexible lending criteria than traditional lenders, making it easier for borrowers to obtain funding. Private lenders may also be able to provide funding more quickly than traditional lenders, which can be useful in certain situations. However, private lenders typically charge higher interest rates and fees than traditional lenders due to the increased risk associated with their lending activities. Borrowers should carefully consider the costs associated with private lending and ensure that they have a solid plan for repaying the loan on time and in full. Before considering a private lender in Australia, it’s important to do your research and compare the terms and conditions of different lenders. It’s also advisable to seek professional advice from an accountant or financial advisor to ensure that the loan is suitable for your individual circumstances and that you fully understand the risks involved. If you are borrowing in a Company or a Trust you can apply for a Private Loan for Commercial Purposes. This type of loan is known as an asset lend or no doc loan because the lender is primarily relying on the value and sale ability of the security. You can use the funds from the loan for commercial property investment purposes, equity out for investment in shares or for business purposes including working capital, development finance, land banking, development sites and land subdivision. If the purpose of the loan is regulated under the National Consumer Credit Protection Act (NCCP) then this loan is not available.
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| Loan purpose | Commercial and Residential Zoned Properties or Vacant Land for Business Purposes. |
| Loan term | 1 > 3 years. |
| Interest type | Fixed rate |
| Repayment type | Interest Only |
| Repayment options | Capitalised up to Maximum LVR |
| Available for Property Developers and Non Residents. | Yes |
| Maximum Loan to Value | Up to 80% LVR for Residential and up to 65% LVR for Commercial properties in high population areas (Capital Cities and Major Regional Towns)
Up to 60% LVR for Vacant Land in high population areas (Capital Cities and Major Regional Towns) |
| Credit history | Past credit impairment can be considered at higher rates and fees |
| Minimum loan size | $250,000 |
| Maximum loan sizes | $100,000,000 |
| Acceptable Applicants | Companies and Trusts |
| Annual Reviews | No Annual Reviews |
| Cash Out | Unlimited Cash out to maximum LVR’s |
| Acceptable Purposes |
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| Debt Consolidation | Unlimited to Maximum LVR |
*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.