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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