With our extensive range of financiers we are able to provide the following?
Mint Finance’s experienced staff will assist you to select the right Home Loan for your needs…
Standard Variable Loan
This would be the most utilised Home Loan in Australia. A Standard Variable rate loan has a fluctuating interest rate and will rise and fall with the market forces. These loans usually have full redraw and offset facilities if required and usually do not attract Early Repayment Penalties. Repayments can be increased at anytime and lump sum repayments are allowed – this loan is most suitable for the person looking to repay their loan in the shortest time
- Wide selection of lenders
- Term up to 30 years
- Loans up to 100% of purchase price
Basic Variable Loan
The Basic Variable Loan is usually the “No Frills” product for most lenders. The interest rate can be slightly lower than the Standard Variable loan but they generally do not allow offset or redraw facilities and can also attract Early Repayment penalties.
- Wide selection of lenders
- Term up to 30 years
- Loans up to 100% of purchase price
Fixed Rate Loans
If your priority is to know exactly what your interest rate is going to be for a set period then this type of loan could be of interest. Usually financiers will fix interest rates for set terms 1 to 5 years is the norm. These loans usually will allow only set repayments for the fixed period and usually will not encourage lump sum repayments
- Wide selection of lenders
- Term up to 30 years
- Loans up to 100% of purchase price
Bridging Loans
This loan is provided by numerous financiers as a short term facility when the client is selling and existing property but wants to purchase their next property before the first sale is completed
- Wide selection of lenders
Line of Credit
A Line of Credit is an ongoing facility that gives clients access to equity in their property and can be generally used for any worthwhile purpose. A limit is established and funds can be withdrawn and repaid at any time up to the agreed limit. There is generally access to the account through, a cheque book, telephone or internet.
A Line of Credit will generally have an interest rate .25 to .50% higher than the Standard Variable rate.
- Wide selection of lenders
- Term up to 30 years
- Competitive interest rates
Low Document Loans
These loans are generally for self employed or small company borrowers who do not have up to date financial information available. These loans generally attract slightly higher interest rates but can be very attractive to borrowers who are unable to provide the normal serviceability documentation required by borrowers
- Wide selection of lenders
- Term up to 30 years
- Loans up to 80% of purchase price
Split Loans
This facility is available from most financiers and is very useful where you can split your loan into a portion on a Fixed Term/Rate and another portion on Standard Variable to allow you the flexibility to repay some of your loan while locking a portion onto fixed rates
Financing of motor vehicles, equipment and
Lease
Lets you choose equipment/motor vehicle for your business without any ownership commitments
- Several lenders available
- Term usually from 24months to 60 months
- Residual or balloon payment available
- Fixed interest rate
- Fixed monthly repayments
Taxation benefits maybe available and should be discussed with your Accountant
Commercial Hire Purchase/Asset Purchase
Lets you choose equipment/motor vehicles for your business where ownership remains with the client
- Several lenders available
- Terms usually 24 month 60 months
- Residual or balloon payment available
- Fixed interest rate
- Fixed monthly repayments
Taxation benefits maybe available and should be discussed with your accountant.
Novated Lease
Where vehicle is requirement of employment and is majority business usage
- Allows vehicle of your choice
- Costs are salary packaged
- Facility is in employees name
- Facility is portable if change of employment occurs
- Fixed interest rate
- Fixed monthly repayments
Taxation benefits maybe available and should be discussed with your accountant
Chattel Mortgage
Ownership of the equipment rests with the client with a registered charge being taken by the financiers
- Terms usually 24 month to 60 months
- Fixed interest rate
- Repayments can be made Monthly, quarterly, semi annually or annually
- Usually no early repayment penalty
Marginal Loans
Marginal loans are a facility similar to a Line of Credit that is utilised to purchase approved shares and investments in managed funds using the investments as security.
Investments (shares or managed funds) have to be chosen from a board range of approved shares or managed funds)
Commercial Finance
We have numerous banking and non-banking financiers available for all aspects of commercial or business lending – wether it be for purchase of a commercial/industrial property to arranging business overdrafts or capital raising
- Wide range of lenders available
- Competitive interest rates
Development Finance
We again have many avenues for development finance both major banks and non bank lenders. We are also able to obtain Mezzanine finance in some situations
Debtor Finance
If business is being hampered by cash flow shortages we have several financiers that can provide working capital for your business or to cover business growth.
Security is taken over the business’s debtors which then gives you immediate usage of the funds
- Several lenders available
- Competitive interest rates
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