Simple & Transparent Application and Funding Process
Our application and funding procedure (for secured business loans) is so simple. Unlike many other lenders, we don’t believe in offering phony low interest rates, and hidden monthly charges. We just have a simple, transparent, and streamlined system.
Plus, NO massive up front fee’s to pay, no valuation fee’s, and NO hidden nasties.
The borrower/s then fax or emails a rates notice, for the security property, 3 months worth of recent mortgage statements, and a clear copy of photo ID showing the borrowers home address.
This simple document sets out the costs, and any conditions that may apply. Also attached to the Conditional Offer is a Loan Balance Request Form. This form just needs to be taken or faxed to the financial institution who holds the first mortgage over your property. The institution (ie: bank) then completes the simple 1 page form and faxes it directly back to our office. [note: this does not apply to properties with no first mortgage]
The Acceptance Fee can be paid at any Westpac branch, or by credit card. It can also be paid by internet transfer however this will delay processing until the funds hit our account the following day. This fee may vary depending on the number of security properties being assessed.)
Unlike valuations, these can be done within a matter of hours, not days.
The funds are normally transferred by Telegraphic Transfer, meaning the borrower has clear funds in just 2 working hours.
Want To Get More Information ?
Our friendly team of Homesec Business Finance experts are waiting to speak with you.