| Why would I want a Bridging Loan? |
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Short term funding pending sale of property, disbursement
of an estate or pending receipt of a lump sum. |
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| Can I Re-finance an Existing Loan? |
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Yes, absolutely. |
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| Loan Size |
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$2,000 onwards |
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| Security |
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Vehicles, chattels, or land. |
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| Lending Value |
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Normally 70% of the valuation for property or
land. |
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| Repayment Period |
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Up to 12 months. There are no fees or penalties
for paying back the loan early. |
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| Repayment Frequency |
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One-off balloon payment at the end of the loan. |
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| Interest Rate |
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The rate will be dependant on the term of the
loan and the security offered. Let us give you a quote. |
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| Fees and Charges |
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Our fees for bridging finance are generally dependant
on the amount of work required to originate and structure the
loan. You will be responsible for any legal costs. Costs can
be added to the loan amount. We can provide you a quote or estimate.
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| Documentation/Proofs |
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You may be asked for the following documentation;
Drivers Licence, Pay Slip, Bank Statement, Property Details
etc. |
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| Approvals |
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Approvals can usually be made with in a couple
of days and often faster if we have all the information. Payouts
are made the same day as the loan is signed, usually by direct credit to your bank account. |
