FAQ’S…. check here first to see if we can answer your question.
How do our personal loans work?
It's easy, just complete the online referral request and we will forward on for a loan consultant from prime lenders Australia to contact you to discuss further and request any supporting documents to assess your loan request.
Can I get a loan if I am on a pension?
Yes you can. You will need to use a car or house as security.
Can I get a loan if I am on NewStart Allowance?
Yes you can but you will need a co-borrower with security to go on the loan with you.
Can I get a loan if I have defaults?
Yes you can. You will need security of a car or house, your loan will be assessed and depending on the type and size of the defaults you may require a co borrower with security and clean credit.
Can I get a Personal loan if I am currently bankrupt?
Unfortunately No. You will need to be discharged in order for us to assist you.
Can I get a Personal loan if I am currently in a debt agreement?
Unfortunately No. You will need to have paid it in full in order for us to assist you
What is the interest rate?
Interest rate is dependent on assessment. The higher the risk the higher the rate. You will be told your rate after assessment of your loan application.
What are the repayments?
Repayments amounts cannot be determined until after assessment and the rate and loan term has been established.
How long does it take to get approved?
From receipt of your supporting documents it should take no more than 24 hours
What is the maximum I can borrow with bad credit?
The Maximum amount that can be assessed is $10,000
If I have a guarantor what do they need to do?
They must send the same documents through as the initial borrower, and must be over the age of 18
Other Things You Should Know
Leaf Lending Solutions Pty Ltd, Credit Representative Number 489710 and Ronald Timothy Bingham, Credit Representative Number 442511 provides lending services to consumers under their Australian Credit License Number 384324.
Disclaimer statement: Your complete financial situation will need to be assessed before acceptance of any proposal or product.
CAVEAT LOANS / BUSINESS lOANS
What is a caveat loan?
A caveat loans is a short term business loan which can settle in just 24 hours. Caveat Loans are strictly for business or investment purposes, and generally only run from 1 – 6 months. So if you need cash fast whilst you are waiting for your property to sell, or refinance to go through, etc, a caveat loan is the answer.
What are the costs involved in a caveat loan?
Caveat Loans are not cheap, but they are fast and no valuations are done, so there is a high degree of risk for the lender. However they are very simple loans, and settle within 24 hours. The interest rate is 4%pcm, establishment fee is 4% of the loan amount, and legals are $2200. All these costs are GST INCLUSIVE and are capitalised into the loan, so you don’t pay anything up front (except for a small acceptance fee), and you don’t pay any interest until the end of the loan term
What are the benefits of getting a caveat loan?
As they are for business or investment purposes, all costs are tax deductable. Caveat Loans are also the ONLY way to access large sums on money in just 24 hours. They are also very flexible, plus unlike most other caveat lenders, we DO NOT do valuations, which is why we can settle in just 24 hours.
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