Asset Loans for Australian Seniors
People
generally use asset loans that are over
50, who may still be doing some form of
part time work, which may be on a self-employed
basis.
Asset lend is a loan against your home
or investment property with a self-declaration
that the loan will not cause you any hardship;
no financials required up to 70% of the
value of your home.
For example – if you required a loan
of say $50,000 but the loan limit was $80,000
- the balance ($30,000) can be left in your
re-draw facilities in the loan which you
can access at anytime, or if you wish to
have your interest payments coming from
this redraw amount then you can set the
loan up to do this. Interest payments are
by direct debit. You can also make payments
in to the loan whenever you wish via internet
or telephone banking – your choice.
You only pay interest on the amount that
is used, there are no minimum limits on
re-draws or on amounts, and you wish to
pay into the loan at any time. This service
is free.
The loan itself is linked to your nominated
bank account, and via internet or telephone
banking you can transfer funds between these
accounts yourself. Free internet and telephone
banking for deposits and re-draws. There
are no monthly charges, and has interest
only options available, the loan is very
flexible.
The procedure is – to call 1800
424 266 or email us at loan@seniorsfinance.net.au
if you require any further information at
this stage so that we can see if you qualify
for this type of asset loan.
If
you require further information please call
1800
424 266 or email to – loans@seniorsfinance.net.au

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