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RURAL PRIVATE LENDER LOAN


This a non-code loan designed for the rural security properties. Short-term finance with some verification required.

Applicant type

Individuals, Companies, Trusts.

Employment requirements

Ideally, self-employed 2 years, but case by case

Income: required proofs

Assets & Liabilities.

Loan amounts minimum & maximum

$30k to $4 mil

Purpose

Owner-Occupied, or Investment

LVR

50% to 65% for first mortgage. Up to 75% for second mortgage.

Coded, non-coded, or either

Non-coded only

Credit related issues

Credit impairment is O.K.

Variable, fixed or both

Variable only

P&I, I/O, or both

I/O. can be capitalised.

Residency Status

Citizens and permanent residents. Non residents considered.

Comments, special conditions

Term is 12 to 24 months, then perhaps roll-over.

Approximate  rate

Call us for the best rate
 

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Friday, 22 August 2008