Our Lending Criteria

ASAP Finance provides various types of loans to investors, developers and home owners. Our clients consist of people who are not able to borrow from banks for various reasons such as poor credit history or inability to make regular repayments. We lend on physical assets such as houses, commercial property and land. Being smaller than the banks we take the time to understand your particular lending requirements.

We provide borrowers with:

• Fast and hassle free loan approval
• Competitive interest rates
• Tailor-made loans to suit each client
• Flexible repayment options

ASAP Finance can provide you with the following types of loans:

• Residential Loan
• Commercial & Industrial Loan
• Bridging Loan
• Development & Subdivision Finance
• Bare Land Finance

General Lending Criteria

Minimum Loan: $150,000
Maximum LVR: 75%
Maximum Loan Term: 12 months (roll over may be possible on maturity)
All loans require a registered valuation
All loans must be secured by a mortgage

Fees

Application Fee: 2% plus brokerage

We charge no other hidden fees.
That means:

No Minimum Lending Fee
No Early repayment fee

Legal Costs

We always provide you with a fixed quote for legal fees in our Letter of Offer. Typically, for a standard loan secured over a single residential property, this will be $1,200 plus GST and disbursements.