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 is from 1% + GST and is financed into the loan.
A lender's monthly management applies for all loans ranging from 0.10% of the loan amount.
An application fee of 0.003 of the loan amount (min $3,450) is payable and is included in the loan amount.
Lender's legal fee from $4,000 + GST + disbursements (indicative $1,200) - higher if urgent settlement is required.
Your Broker or Referrer fee is applicable will 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. Payment of a non-refundable application fee of 0.003 of the loan amount (min $5,950 + GST) fee is then required for our out of pocket expenses including title search(s), desktop valuation(s) on property(s) offered as security, credit searches, the legal review of trust deed(s) if applicable etc. This fee can also be included into the loan amount and not payable upfront.
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.
Working capital.
Purchase of investment property.
Business cashflow.
A business opportunity.
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 available).
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% and up-to $30m per property.
Vacant land in metro locations to 70% and up-to $3m.
Commercial & Industrial property to 70% and up-to $3m.
Land Banking to 60% and-up to $10m.
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.