Stay updated with the latest financial insights, loan industry trends, and expert advice from our team of professionals.
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A line of credit is an approved limit you draw against and repay repeatedly, paying interest only on the balance drawn. It suits recurring, unpredictable working capital needs - stock, wages, the g...
Private lenders charge more than banks for three structural reasons: they fund from private investor capital that expects a return well above a deposit rate, they take risk a bank's credit policy r...
A default or judgment does not end your finance options in Australia - it moves you from bank lending to private and non-bank lending, where the security and the cash flow matter more than the cred...
The fees on a private loan are establishment, brokerage, legal and valuation, and discharge. Establishment and brokerage are the two large ones and are charged as a percentage of the loan. Legals a...
A low doc business loan verifies income using BAS statements, business bank statements or an accountant's declaration rather than two years of lodged financials. It exists for businesses that are t...
A private loan costs more than the interest rate suggests, because the fees are front-loaded and the term is short. Budget for an establishment fee, brokerage, legal and valuation costs and possibl...
Australian business finance splits into two questions: is it secured, and is it a lump sum or a revolving facility. Secured lending against property is the cheapest and slowest. Unsecured lending i...
All three fund the same asset at a similar repayment; they differ in who owns it and when you get the tax benefit. A chattel mortgage gives you ownership immediately and the full GST credit in your...
Equipment finance funds business assets - machinery, vehicles, fit-outs, medical and hospitality equipment - using the asset itself as security. Because the lender holds tangible security, approval...
Truck finance is asset-backed lending secured against the vehicle itself, which is why lenders will fund an owner-driver whose financials would not support an unsecured loan of the same size. Terms...
Negative equity means you owe more on your mortgage than the property is currently worth. It matters only if you need to sell or refinance - if you can keep making repayments and stay put, it is a...
A guarantor home loan uses equity in a family member's property as additional security, bringing the effective LVR below 80% so no LMI is payable. The guarantor is not giving you money - they are p...
