For the best possible chance of getting the loan that suits your circumstances, you need to tick all the boxes. If an application is not completed correctly, you risk delays in approval, or even being declined by potential lenders. Other than the obvious documentation that needs to accompany an application, satisfactory identification and evidence of …
With interest rates at an all-time low, taking the option of locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, borrowers can decide between fixed-interest loans …
Interest rates are a big factor in each repayment and the total cost over the life of a loan, so staying on top of your current rate as well as the interest trends across the market is essential. By staying on top of interest rates, borrowers can make informed decisions about choosing a first-time home …
Applying for a business loan can be intimidating to borrowers new to the process, however, the loan application process is fairly straightforward. Although the specific steps can vary from lender to lender and business to business, most business and commercial financing will follow a similar process. Business owners will have a much easier time navigating …
It’s easy to walk into the local bank and talk to a lender, or apply online for a business loan, but it may not always be the best option. 1. Choice When you’re buying a house, do you go to one real estate agent, decide you will buy a house from them, and choose from …
3 differences between a credit adviser and a bank lender Read More »
When you’re looking for a business loan, you could go to a finance broker or to a bank. While a bank will only offer you its own products, a credit adviser is an industry expert who will take the guesswork out of finding the type of loan that suits you and your needs. It’s understandable …
Does your business need refinancing or restructuring? As this tale of a business with urgent liquidity problems shows, having a credit adviser managing the project can be the key to success. When a cotton grower in central Australia lost his financier during a period of aggressive expansion, he was facing a liquidity crisis and approached …
When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be entitled to special discounts. The lucky ones Accountants, lawyers and teachers are commonly …
While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from …
There are different types of business loans to suit different stages of a business lifecycle and different business needs, and selecting the right one can speed up the application process and minimise costs. Finance for a start-up For a startup company with no trading business or cash flow, it can be quite difficult to …
