Short Term Loans

Short term loans are used for a specific short term urgent purpose.

Finance from $100,000

Secured by Real Estate

Business Purposes Only

There are many scenarios where  short term loans will be useful:

  • To provide a short term loan to settle an urgent loan where time is of the essence, while you wait for a cheaper loan to be approved and settled.
  • Payout the ATO (Australian Taxation Office) with short term finance which will then allow you to refinance with a lower interest rate lender.
  • Use short term finance to payout aggressive creditors who are threatening to default you or place you in administration, receivership, liquidation or in bankruptcy.
  • If you are already in default, administration, receivership or liquidation we can payout the debt with a short term loan, with the view to refinancing with a private lender for a longer period while you repair your credit rating.
  • Other purposes.

Short term property loans are far more expensive than a traditional 1st mortgage finance due to the short time frame and inherit risk to the lender.

Short term finance interest rates can vary from 12% per annum to 3% per month, depending on the nature of the loan and risk to the lender.

All short term loans must be secured by real estate.

Short term loans must always have a clear exit strategy to payout the loan before the end of the short term property finance facility expires. If the short term loan is not paid out on time penalty interest will usually be incurred by the borrower.

Example: you may have a development finance or property loan application in with a Bank and it is going to take more time to settle with the Bank than first envisaged, although you will lose the property you are buying if you do not settle. This is when a short term property loan will solve the problem.

short-term-loans
Relax with a Prudential Finance Short Term Loan

Call us on 1300 550 669 or complete the inquiry form below.

the property developer's financier

Contact Us

Name

 

Phone

 

Email

 

Enquiry

 




Phone 1300 550 669
International +61 4 0084 0756

PO BOX 1450 Double Bay NSW 1360

Office
Level 25 Aurora Place, 88 Phillip Street
Sydney NSW 2000 Australia

Sydney            Melbourne             Brisbane



Powered & Designed by WEBFAST
Twitter - Prudential Finance Facebook - Prudential Finance
Prudential Finance Menu