Frequently asked questions & answers
Property investment loans work somewhat differently to a traditional home loan a client intends to occupy. Investment properties can generate income for the investor, meaning the investment income is usually factored in the pre-approval assessment process. Investing in a property as opposed to making an owner-occupied purchase are higher risk transactions, meaning the interest rate can differ slightly to a traditional home loan. Speaking to a lending specialist about your next property investment loan is the best move forward to ensure the product suits your needs best. You can speak to a lending specialist on 1300 665 906, or enquire here.
A secured debt consolidation loan is a loan for which you offer the lender some sort of security, which is usually a vehicle.
The alternative to a secured debt consolidation loan is an unsecured debt consolidation loan or debt consolidation loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A secured jet ski loan is a loan for which you offer the lender some sort of security, which is usually the jet ski itself.
The alternative to a secured jet ski loan is an unsecured jet ski loan or personal loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A secured personal loan is a loan for which you offer the lender some sort of security, which is usually a vehicle with the same or higher value as the loan.
The alternative to a secured personal loan is an unsecured personal loan or personal loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A Tradesman Loan is a type of business loan designed specifically for tradespeople, such as carpenters, electricians, plumbers, and other skilled professionals who work in the construction industry.
The purpose of a Tradesman Loan is to provide funding for tradespeople to purchase equipment, tools, and supplies necessary for their work. These loans can also be used for other business expenses, such as vehicle purchases or hiring additional staff.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your debt consolidation loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialists guideance before you loan is submitted for approval.
Alot of customers choose to have a ballon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next vehicle.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your motorcycle loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialists guidance before you loan is submitted for approval.
A lot of customers choose to have a balloon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next motorcycle.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your jet ski loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialist’s guidance before your loan is submitted for approval.
A lot of customers choose to have a balloon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next jet ski.
Car finance could generically be described as when a vehicle finance company lends you the money to buy an automotive asset that they can hold security over for the duration of the loan or until your fully repay the loan. Car finance can be used for personal use (a consumer car loan) or commercial use (business vehicle loan).
Debtor Finance is also known as invoice discounting; invoice factoring; partnership factoring; disclosed invoice discounting and undisclosed invoice discounting. It allows companies and businesses to borrow funds by using their outstanding invoices as collateral. To discuss debtor finance options today, speak to us or enquire here.
