FAQ’s

Frequently Asked Questions

To enable our clients to make the right decisions for their financial needs, Caveat Loans Australia always aim to give as much information to our clients about the products and services we offer.

Here are some frequently asked questions we get asked everyday :

What is a caveat loan?

Caveat Loans (or sometimes referred to as a short term 2nd mortgage) are fast settling loans, which are structured just for a short term of 1 to 4 months. Unlike normal forms of finance, these loans need to be able to settle quickly, generally within 24 hours upon receiving the application. As such, there is no time for valuations, and bank style due diligence, and in many cases, a bad credit history is irrelevant. Caveat loans are ideal instruments for providing short term finance for your business or investment use and are designed to settle within 24 hours upon receiving your application.

How much money can I borrow?

Caveat Loans Australia lends anywhere between $10,000 to $250,000. Amounts over $250,000 will be considered on a case by case basis. Please feel free to ask.

Caveat and second mortgage loans will lend around 70-80% of the security property’s value. The majority of the time a valuation won’t even be needed, nor is income proof. The loans rely on the ‘exit strategy’.

How fast can my loan be approved and money transferred into my account?

We instantly identify your requirement upon receiving your application and issue Letters of offer immediately. Once the signed letter of Offer is returned, along with the supporting documents requested we can generally settle within 24 hours and transfer the money into your account within the day.

Do I have to come to you?

No. Everything we do is via phone, email fax and post. Whatever is quickest.

What’s the main requirement for Caveat & Second Mortgage loans?

All caveat and second mortgage loans rely on the ‘exit strategy’, this means, how are you paying back the debt. As long as this is strong, for example; if you have sold a property and can clear the debt from that, then you have a very strong exit strategy. Or you may have a big invoice coming due and need cash flow till then.

What documents are required?

Documents required are quite simple. We don’t require valuations, A&L statements, financial records, etc.

Why people need a caveat loan?

Caveat loans are used for a variety of urgent business and investment purposes such as:

  • Securing urgent funds to facilitate the purchase of an investment or commercial property before other potential bidders
  • Secure your next business opportunity or expansion
  • Working capital for your business
  • Bring mortgage or loan repayments up to date
  • Business equipment or stock
  • Urgent business bills
  • No credit checks

To obtain a caveat loan, security is required – the offered security can include residential real estate, commercial, retail, industrial vacant land and development sites. Approval of a caveat loan is not solely reliant on your credit history and ability to demonstrate serviceability but primarily based on the equity available in the real estate being offered as security.

Caveat Loans Australia may have the perfect solution for your financial situation. Apply Now!

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