New recreational or ‘lifestyle’ asset types can be financed as a Consumer Loan product, including: •motorcycles and scooters (road bikes only) •caravans •campervans •motor homes. The maximum loan amount under the Consumer Loan product has also been increased to $250,000. This applies to all asset types excluding motorcycles and scooters, which are capped at $100,000. With some of the most…
– Are you a busy and successful small business? – Are you interested in minimising your exposure to risk? – Are you interested in saving time and money? An operating lease is a worry-free car lease designed exclusively for small business. Helping make the managing of essential work vehicles smooth and simple. Free your capital, improve business cash flow, minimise…
The ATO has updated the Luxury Car Tax (LCT) thresholds for the 2015/16 financial year. Starting the 1st of July 2015 luxury car buyers can now look forward to a small price saving. LCT applies to the sale of vehicles that are two years old or younger as per ATO guidelines. Beginning this financial year the threshold has been raised…
The Federal Government has announced a number of measures to help stimulate the Australian economy and encourage business investment. The major implications for financing asset’s and equipment for small businesses are such: Accelerated Depreciation for Small Businesses source: Budget Paper No 2, p 19 The threshold below which small businesses can claim an immediate deduction for the cost of an…
Borrow up to $1 mil for your next home or investment property with no genuine savings and don’t pay any LMI with a 15% deposit. Criteria include: 1. No probation (unless they have moved to a higher paying job in the same industry) 2. Must have clean CRAA 3. No blemishes whatsoever, no late payments etc. 4. No debt consolidation…
Examples of unsecured business loans for self employed 100k Unsecured Quick Small Business Loans Unsecured Business Loan QLD Business Type Amount Requested Term Purpose for funds Solution Offered Traditional Funding Challenges Software Developer / IT $100,000 9 months Customer required funds for work in progress projects – the funds were required to expand workforce for the growing project scope requirements…
What Energy Assets can we finance? Solar Systems and Energy Efficient Lighting (LED) are the primary focus. Other energy assets can be considered on a case by case basis. If requesting finance for assets outside of solar systems and LED lighting, please contact us with the following details so a pre-assessment can be conducted: • asset description • unit cost…
It is commonly accepted that to avoid paying Lenders Mortgage Insurance (LMI) on a home loan you must contribute a minimum 20% deposit of the property’s purchase price. A deposit of 20% equates to an Loan to Value Ratio (LVR) of 80%. If your loan is above 80% LVR then in most cases (for example Medical professionals/graduates can borrow up…
When buying a home, many borrowers come across the term LMI (Lender’s Mortgage Insurance). If you’re purchasing with less than a 20% deposit, chances are you’ll need to pay it. In this guide, we’ll explain what LMI is, how it works, how much LMI costs in Australia, and when it applies. We’ll also show you ways to reduce or avoid…
