Frequently Asked Questions
What is a caveat loan?A caveat loan is a short-term loan secured by a caveat and/or mortgage over the security property.What purposes can I borrow money for?Typically our loans are used for a large variety of situations. These include; working capital for your business, funding a shortfall in a property settlement, paying business bills and expenses, refinancing an investment loan, paying builders or contractors, purchasing investment properties, the list goes on. Our funds can be used for any business or investment purpose.Can I capitalize my Interest and Fees in to my loan?Yes, interest and fees are capitalized into the balance of your short term loan.What is the minimum amount I can borrow?The minimum amount we will loan as a caveat loan is $10,000.What is the minimum and maximum term I can borrow for?A caveat loan can have a term of 1 to 12 months.What fees do I have to pay upfront?The only fees you have to pay upfront are the valuation fee (if required). We may also require a part payment of legal fees up front.Are there any penalties if I repay early?No. Early repayment of your loan will not incur any penalties although you must pay any interest due.What security do I need?All our loans are all secured against property by way of caveat or a registered first mortgage. We accept residential, commercial, retail, industrial, vacant land and development sites as security. All real estate within Australia will be considered.Will I need a valuation on my property?Yes. A valuation on the security property is always required unless advised otherwise. In some circumstances we do not require a valuation to be conducted.How long will it take for you to approve my loan?Indicative approval may be made verbally over the phone in a couple of minutes. A written indicative letter of approval is usually provided within an hour.How is interest calculated?Interest on your loan is calculated monthly and interest payments are due monthly in advance, except where the interest has been pre-paid or capitalised.How long will it take before I receive the loan funds?Typically 3 business days provided all supporting documentation is provided with your application.How Do I Apply?To apply now, please start by filling out our online application form. Once you have submitted your application we can assess your loan immediately and this will enable us to provide you with the right product solution for your situation straight away.This is a totally free and no obligation service. It is just another way that Capital Finance makes it easier for you to obtain the finance you need. |
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Capital Finance Solutions
PO Box 142 Penrith NSW 2751 |
Copyright © 2008. Capital Finance Solutions Pty Limited
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