Includes, fork lifts and materials handling, excavators, diggers, skid steer loaders, trailers, tankers and earth moving equipment. To qualify for these low doc yellow goods loans the excavator must be purchased from a licensed dealer. ABN held and gst registered for a minimum of 24 months by applicant (in acceptable industry).
Please note this low doc loans product is only available for commercial clients where bona fide business use can be verified. For Low Doc home loans, normally, if the LVR is 60% or less then the interest rate for low doc home loans is similar to or the same as normal home loan rates. When the LVR starts to increase or there is some form of credit impairment that the spread between low doc home loans and normal home loans will start to widen.
Please note this low doc loans product is only available for commercial clients where bona fide business use can be verified. For Low Doc home loans, normally, if the LVR is 60% or less then the interest rate for low doc home loans is similar to or the same as normal home loan rates. When the LVR starts to increase or there is some form of credit impairment that the spread between low doc home loans and normal home loans will start to widen.
Services
Limit Establishment Fee: A percentage of the Trade Finance limit which is dependent upon the number of shipments outstanding and funding required at any time to cover these commitments. Letter of Credit Fee: A one off fee of the cost of the Letter of Credit required up to 90 days. Please note it is not payable each month.
Where the Purchase Price is for no more than the original cost of car to be replaced, and. Where Existing Credit has been in place for a minimum of 18 months and with a good history i.e. No dishonours, all payments made on time. Must supply current account number and the name of the finance company so a reference can be obtained.
Imagine that your best customer has just given you the largest order your company has ever received. Trade Finance can leverage against the purchase order and stock to obtain working capital. Conditions: Generally you will need to demonstrate that the goods are predominantly pre-sold and that you have quality control procedures in place.
As lending guidelines have tightened up for low doc loans it has become even more important to make sure your application fits within lender guidelines the first time you apply. Cash out is possible on low doc loans, however generally lenders usually need some sort of evidence as to purpose of extra funds.
Upon making your low doc home loan application through Low Doc Home Loans, you receive our "Exclusive lowest low doc home loan interest rate guarantee." Should you find a comparable low doc home loan at a lower interest rate*, within 7 days of your completed low doc home loan application, we will pay you $500.
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