The following product overview will help you understand the products that we offer and how they may suit your needs. To discuss your requirements with a Loans Australia representative simply click on 'make an enquiry' complete your contact details and we will contact you to discuss your options.
No Deposit Home and Investment Loans (100% - 106%)
Refinancing and Consolidation Loans
Third Party or Guarantor Loans
Owner Builder Loans
Low Document Loans
No Document Loans
Margin Lending Loans
Overseas Resident Loans
Foreign Currency Loans
Short Term Financing
Equipment Financing (Full Doc, Lo Doc & Credit Impaired)
Business Cash Flow Funding
Professional Fee Funding (For Solicitors, Accountants etc.)
Car and Equipment Financing (Full Doc, Lo Doc & Credit Impaired)
Deposit Bonds (Full Doc & Lo Doc)
Lo Doc Life Insurance
Loans Australia provides a huge range of home loan products from over 55 lenders across Australia (we can even lend on property in New Zealand). We can provide small loans from $10,000 up to jumbo size home loans of $9,000,000. We have over 20 different professional packages to choose from offering excellent discounts along with a range of features. For more information about the types of loans available please visit our Finance Toolbox .
Loans Australia is a multiple property specialist and uses investment financing to help clients maximise their borrowing capacity so that their wealth continues to grow. All our Finance Advisors are investors and hence you will be dealing with like minded individuals who believe there is always a way. Our Finance Advisors are always looking for new ideas and solutions.
Loans Australia provides a huge range of investment loan products from over 50 lenders across Australia (we can even lend on property in New Zealand). We can provide small loans from $10,000 up to jumbo size home loans of $3,000,000 plus. We have over 20 different professional packages to choose from offering excellent discounts along with a range of features. We are always looking out for innovative products which can help our clients maximise their borrowing capacity. We have a range of lenders who will lend on the valuation instead of the contract price, for off the plan properties.
Loans Australia has a range of lenders who offer 100% 'no deposit' home loans. Some lenders require no genuine savings while others will require the borrower to have saved at least 3% of the purchase price in the bank over a 6-month period. The first homeowners grant, a gift, personal loan or an advance on a credit card can be used to cover the balance of the purchase costs. We even have a 106% home and investment loan, which can cover the purchase price and the costs associated with purchasing a property, to get you into a property as soon as possible.
Loans Australia specialises in structuring loans to minimise the interest payable and accelerate the time it takes to pay off personal debt. We understand the different lenders guidelines in relation to what loans can be consolidated and how many can be consolidated. To actively benefit from consolidating debts it is important to try and maintain your existing repayments after the consolidation, as this will help to massively reduce the amount of interest you will pay back to the lender.
Loans Australia has many products which will allow you to tap into the equity built up in your home for a wide range of purposes. The equity can be used for personal purposes such as buying a new car, going on a holiday, renovating your house or could be used for investment purposes such as buying an investment property or starting a share portfolio. Some lenders will even allow access to the equity to start a business or to buy a business.
Many lenders now offer professional packages which are no longer 'occupation dependent' i.e., must be a Dentist, Doctor or Solicitor to qualify. Lenders are now offering professional packages simply based on a minimum loan amount. Other professional packages will require a certain salary level to qualify while others specifically focus on professionals in certain occupations. Professional packages from major institutions often require the customer to take up three products to qualify, for example a home loan, savings account and credit card. Some of the discounts available include free or cheaper application fees, reduction of ongoing fees for multiple loan accounts, interest rate discounts, credit card offers, transaction account offers, future application fee offers and an assortment of other financial service offerings. Most of the major banks charge a yearly fee of between $295 - $440, which covers all the discounts, and fee reductions.
If you are seeking to renovate your house, it is very important to setup a flexible financing solution. A lot of people get trapped by taking out expensive construction loans where the lender has all the control. There are other cheaper, more flexible options that can be explored.
These types of loans are popular with first homebuyers who have not been able to save the full amount required to purchase a property. There are only a couple of lenders providing this type of finance as there is an added risk for the person providing the guarantor. The major risk for the guarantor is if the borrowers don't make their repayments then the guarantors will have to make up the difference or might have to sell their home to pay out the loan. You should obtain advice from your solicitor before proceeding with these types of loans.
Finance is an extremely important aspect of building your new home or investment property. One option is to buy a house and land package from a builder or a developer and obtain finance for the whole package upfront. Another option is to buy the land first and then build later. With this option you may save stamp duty on the purchase but you must make yourself aware of the lenders guidelines in relation to what time frame you must commence the construction phase. Some construction loans are restrictive and require the building to commence within 9-12 months. Some lenders charge a slight premium on their interest rate during the construction period, which will revert back to the normal rate after the construction is finished.
If you decide to build your own home you will be classified as an owner builder. See Owner Builder Loans for more information.
Owner Builder loans allow the customer to build their own home. Many lenders view owner builder loans as high risk and therefore only a few select lenders will look at this kind of lending. The main risk associated with owner builders is the tendency to underestimate the costs involved and therefore running out of funds before the construction is finalised.
If you are looking at purchasing a new property but have not yet sold your own home then bridging finance may be a very affordable way to finance the transaction. Bridging finance can generally be approved for between 6 and 12 months. Most customers will pay interest only on the loans during the bridging period, or you can choose to pay nothing and repay the interest when the property is sold.
These are loans predominantly targeted at self-employed people who do not have ready access to their last 2 or 3 years of personal and company tax returns and financial statements. Low document loans allow the applicants to state their estimated incomes without giving any direct proof to the lender. Or alternatively lenders will accept an undertaking from the client that they can afford the repayments without any hardship and do not require a statement of income. Generally a fee and interest premium is added to the lenders normal terms because of the higher risk nature of the lending. There is good news however with some lenders setting their low document interest rates below the standard variable rate of the major banks.
It is very important to structure low document loans correctly as some loans require mortgage insurance approval and some do not. Most lenders and mortgage insurers have a maximum they will lend one person and this needs to be taken into account for clients with multiple properties and high lending ratios. Some lenders offer interest rate discounts if the customer pays the mortgage insurance premium instead of the lender.
Most low document lenders will loan up to 80% of the value of the property. However, there are now lenders available who will lend up to 90% to 95% of the value of the property. Some lenders don't even require lenders mortgage insurance on these loans. Many lenders restrict their lending to certain postcodes and hence the finance arrangement would need to be verified prior to the purchase of property.
Many low document loans require the customer to estimate their income. The tax office is starting to look into low document loans as people have either been understating their taxable income to the ATO, or overstating their income to a lender. It is important to understand what each lender is asking you to sign and that you are comfortable signing it.
Loans Australia has Low Doc loans to cover all scenarios:
- Loans for owner-occupied or Investment property
- Borrowers can be self-employed / self-employed & PAYG / PAYG only
- We have lender paid mortgage insurance loans / borrower paid mortgage insurance loans / no mortgage insurance required loans
- We can lend for purchases, refinances, bridging, construction, vacant land, commercial and leasing
- Repayments can be Standard Variable / Fixed 1-5 Years / Lines of Credit / 100% Offset
- Low Rate Low Document Loans
- Up to 95% Low Document Loans
- Low Document loans for people with credit problems up to 95%
- Loans available in all capital cities, major regional areas, and some smaller towns
- Borrowers who have been self employed less than 2 years
- Borrowers who have been self employed for 1 day
- Borrowers who do not have an ABN number
- Loans for borrowers requiring jumbo sized Low Document loans up to $3,000,000
- Loans Australia has over 40 different Low Document lenders Australia wide.
No Document loans are sometimes referred to as 'asset lend' loans. Generally, 'No Document' means that the lender does not ask for an asset and liability statement or any income details at all, instead the lender relies purely on the value of the property when assessing the loan application. Lenders will generally lend up to 65% - 75% of the value of the property and the loans generally have to be for business or investment purposes. Some lenders will look at an 80% lending ratio, however a higher interest rate may be charged. Traditionally, solicitors have been the main source of this type of funding with much higher fees and interest rates. These loans are a great solution for people who do not want to sign an income declaration form at all and do not require high borrowings against the property. The interest rate tends to be only slightly above the standard variable rates of the major banks.
Non-conforming Lending (also known as Non-Prime Lending) provides an alternative to those applicants who do not meet the criteria of traditional lenders. There are many circumstances when a non-conforming lender could be utilised:
- mortgage arrears
- paid or unpaid defaults
- paid or unpaid judgements
- self-employed or lo-document
- problems with a credit provider
- casual wages as main income
- mortgage insurance guidelines unable to be met
- recently arrived in Australia
- large reliance on pension income
- newly self-employed applicants
- unacceptable or unusual deposit sources
- instability of employment and residence
- large number of debts to be consolidated
- short term employment
- age of applicants
- lending on valuation instead of contract price for off the plan purchasers
Non-conforming loans have traditionally had higher interest rates, fees and charges than mainstream lenders due to their higher risk structure. These lenders expect clients to refinance to a new and cheaper lender after about three to four years and do not usually charge an exit penalty fee after this time. Non-conforming lenders allow clients to access funds while giving them the opportunity to improve their overall credit rating and hence in the long term return to the cheaper mainstream lenders.
One of the major benefits of non-conforming loans is that they allow you to consolidate all your debts into a lower monthly repayment to improve your overall cashflow position. Loans Australia has access to the major non-conforming lenders. Some non-conforming lenders will lend up to 95% of the value of the property without any lenders mortgage insurance. Low Document and limited documentation credit impaired loans are also available up to about 90%-95% of the value of the property.
Allows for people over the age of approximately 60 years to gain access to the equity built up in their home or investment property for any worthwhile purpose - with no regular repayments required. A regular income is not necessarily required and the repayment of the loan is only made when the property is sold, or the last surviving borrower vacates the home, moves into long term care or passes away. Rules and guidelines vary from lender to lender.
Funds could be used to pay for medical expenses, a world trip, refinance debt, help with your grandchildren's education, assist the family financially and basically to live the life you choose. The customer can stay in their home as long as they like, the loan is payable only when the home is vacated. Some lenders will lend up to as much as $500,000 but are guided by strict loan to house valuation ratios.
If you are looking to purchase a property in the country where the zoning is rural or in a smaller country town where the zoning is rural residential it is imperative that you shop around for finance as the offerings vary greatly between lenders. It is much harder to get a low document loan approved in rural areas. You may have to look at lenders who don't use mortgage insurance and will probably require a bigger deposit e.g. about 20% deposit plus costs would generally be required. The postcode of the town is very important as the lenders work on postcodes as a lending guide.
This type of lending allows you to use the equity in your home or investment property to maximise your investment power. The loan allows you to borrow and invest in shares and managed funds. Through the use of gearing, you can potentially invest over three times more than the amount that would be possible using just your own funds.
Loans can be provided for either Australians living and working overseas wanting to purchase in Australia or overseas citizens who are permanent residents in Australia looking to purchase in Australia. Most lenders require the rental income to cover the repayments (if it is an investment property), therefore lending is restricted to about 70 or 75% of the value of the property. Some lenders though will consider lending up to 80% of the value of the property provided overseas tax returns can be provided and there is an ongoing verifiable source of income.
Loans Australia have lenders who offer a choice of USD, HKD, SGD, GBP, NZD, EURO or AUD home loan options for you to finance your Australian property investment whilst you're living overseas. These loans are for borrowers who have their main income stream in foreign currency and are looking for a loan in that currency. You can borrow up to 75% of the value of the property.
Loans Australia has access to a range of business finance solutions. These include business loans backed by residential or commercial security, Business Cashflow Funding , Professional Fee Funding , Commercial Hire Purchase and Finance Leases. The cheapest form of business financing is using residential property as security and the hardest and most expensive form of business financing is on an unsecured basis.
Loans Australia can provide commercial solutions across a wide array of lenders . We have loans for commercial shops, offices, factories, buildings and industrial estates. We have access to development funding and specialised mezzanine finance. Lo Document and credit impaired commercial loans are also available. Both first and second mortgage financing can be arranged. Loans Australia has over 25 different commercial lenders Australia wide from major banks to merchant banks, insurance companies, building societies and private lenders.
- Short-term loans are for individuals and businesses that require immediate funding. Amounts can range form $10,000 to $900,000.
- The purpose can vary from; working capital, settlement shortfalls, contract exchanges, bridging finance, GST or tax debts, investment property, shares etc.
- No financials are required.
- All loans require real estate security for the loan advance. This can be provided by way of a registered caveat over residential or commercial property. Where a 1 st mortgage is available, LVR's up to 75% is achievable with settlements in as little as 2 days. Caveat based loans are available up to 80% LVR (subject to a satisfactory valuation).
- 2nd mortgages are possible in certain cases.
- Loans are available in New South Wales, Victoria and Queensland.
- Settlements generally occur within 48 hours once all the required information has been received.
- Interest is generally charged on a flat rate per calendar month. The rate starts at about 5% depending on the security and amount required.
- Approvals are given very quickly, often within 18 hours of receipt of application.
Loans Australia can provide equipment financing up to approximately $250,000 in value (larger amounts are also available on a case by case basis). We can finance both new and used equipment either by commercial hire purchase or chattel mortgage. We can do restaurant equipment, earthmoving equipment, office machinery, electrical equipment, computers, livestock etc. We have an online system which allows for approvals very quickly in some cases. Loans Australia can arrange for a credit limit to be approved for the customer to enable easy purchasing over a 12-month period on some of the products.
Loans Australia has recently introduced new lenders who will do low-document and credit impaired (poor credit history) hire purchase and lease financing. We can set up leases for companies with multiple paid or unpaid defaults, leaseback facilities, new and used, start-up ventures considered and no tax returns required. Leases up to $1,000,000 in NSW and Victoria will be considered.
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