Are you thinking about buying a commercial property? It is important to know that commercial property loans work differently to home loans in several ways.
Commercial properties are preferred by certain investors as they typically generate higher returns than residential properties, along with having other benefits such as longer leases. Generally commercial properties include a range across a number of industries and sectors, from standard properties like offices, warehouses, retail space and factories to more specialised areas like agricultural land, aged care facilities and shopping villages.
Thinking about buying a commercial property? It is important to know that commercial property loans work differently to home loans in several ways. Though commercial property loans also offer you options such a Fixed, Variable or Split rate, the interest rate can be higher than residential property. Also, commercial property loans often require a larger deposit than a regular mortgage. You may apply for a commercial loan with a combination of equity in an existing residential property that you own, a guarantor or your own business assets, including client book and equipment. In some cases, you can use a combination of all three types of security to borrow more percentage of the commercial property value.
This can often be a complex and time-consuming process, but the team at Budget Home Loan, with their finance background, will make it easy for you to prepare your commercial property loan application the right way. Talk to us and let us work together.
All business owners need funds to start, operate, and expand their businesses. For many, a business loan can play a crucial role in turning an idea into reality.
All business owners need funds to start, operate, and expand their businesses. For many, a business loan can play a crucial role in turning an idea into reality. Whatever your purpose, whether initial capital, operations, purchasing machinery, or software, Budget Home Loan can help you get a suitable business loan to meet your fund requirements. Depending on your situation and choice, you can get either a secured or unsecured business loan. If your loan is guaranteed by an asset, like property or a car, then it is called a secured business loan. If the loan is not guaranteed by any asset, it is an unsecured business loan. Generally, the interest rate on a secured loan is typically lower than the unsecured loan.
Self-managed super funds (SMSFs) can borrow money for the purchase of residential or commercial investment property, with the property held in trust for the SMSF
Self-managed super funds (SMSFs) can borrow money for the purchase of residential or commercial investment property, with the property held in trust for the SMSF until the loan has been repaid. In other words, SMSF loan describes money loaned or borrowed by a Self-Managed Super Fund (SMSF) and its trustees, for the purpose of making an investment that can help grow the SMSF members' retirement savings
If you have a self-managed super fund or are considering establishing your own super fund, a properly structured self-managed super fund loan will allow your fund to acquire a real estate asset for capital growth and return.
SMSF loans are also known as limited recourse borrowing arrangements (LRBAs). The super fund loan is a limited recourse loan which means recovery of the loan is limited to the security property, in the event of default other super fund assets are not at risk.
At Budget Home Loan, we can help you from setting up of SMSF, all the way to creating an investment strategy along with applying for SMSF loan. Talk to us today.
A car loan can also be called a vehicle loan and it is a popular way for many Australians to own a new set of wheels in case they don’t have enough savings to buy one outright.
As the name suggests, a car loan is a loan taken out for the purpose of buying a motor vehicle such as a car, Ute, 4WD, motorbike, or other road vehicles. It is a popular way for many Australians to own a new set of wheels in case they don’t have enough savings to buy one.
Car loans can be Secured, Unsecured, Chattel mortgage & hire, or Novated Lease. Rates vary depending on the lender and your financial situation. Our team at Budget Home Loan will sit with you to discuss all available options to you to help you make an informed decision.
We have helped many Australian families own the vehicle of their choice without getting entangled in the maze of interest rates and features. Let Budget Home Loan get you back on the road.
No matter what your requirements are – holiday, car or debt consolidation, Budget Home Loan can help you get a suitable personal loan to meet your requirement.
There can be several reasons for you to consider going for a personal loan. A personal loan lets you borrow money to pay for something special, like a holiday, car or home renovations. Since personal loans generally charge lower interest than credit cards, people often take this option to consolidate their credit card debts as well.
Personal Loans come in two different types – secured and unsecured. Secured personal loans use an asset you already own (for example, a car or motorcycle) as security, while for an unsecured loan you do not provide security over an asset. Understandably, offering a security can potentially earn you a lower interest rate, but it depends on the terms of the loan. You can also choose between a Fixed or Variable rate personal loan.
No matter what your requirements are – holiday, car or debt consolidation, Budget Home Loan can help you get a suitable personal loan to meet your requirements.
The financial success of any business depends on its operational efficiency. Outdated equipment and machinery can result in products or services becoming inefficient and less competitive.
The financial success of any business depends on its operational efficiency. Outdated equipment and machinery can result in products or services becoming inefficient and less competitive. In a highly competitive environment, delaying equipment upgrade can be detrimental to business, especially when you have access to machinery and equipment loans provided by lenders. This makes it possible to have much needed equipment for a new business or to give a much needed boost to the equipment or machinery of an existing business. It’s also worth noting there are cases where equipment finance works out cheaper than other traditional methods of finance.
Are you a business owner planning an overhaul or looking for finance to procure new machinery? If you are worried about a time-consuming equipment loan application and approval process, loan experts at Budget Home Loan can help you every step of the way.
So, if you are planning a minor or major upgrade either to improve operational efficiency or as part of business expansion, talk to us at Budget Home Loan. Your next business growth could be just a phone call away
Our team at Budget Home Loan has years of experience in the finance industry such as accounting and taxation. This enables us to provide a professional and personalised service from start to finish.
Our experience enables us to see the big picture for you. Budget Home Loan will identify the factors to ensure your long-term benefit on your mortgage.
Budget Home Loan will provide you the best solution which suits you as per your requirement from our vast network of lenders.
Having deep roots in the finance industry, we have assisted thousands of individuals and businesses with their finance management, accounting and taxation for many years. Now, we can help you in buying your dream house or business. At Budget Home Loan, we believe in transparent and thorough processes. As a result, we achieve a very high rate of approved loan applications.
contactThere are many aspects to starting and running a business. However, finance still remains the most critical at all the stages. If you are in the market for a business related loan, talk to us at Budget Home Loan.
