EZFINANCE Pty Ltd
An EZ Finance Lending specialist can assist you either face to face (where possible) or by phone and email.
It is also becoming more and more popular to complete a finance application online and have it approved promptly through our Finance software platform.
Under the new National Consumer Credit Protection act any loan that is predominately used for residential or personal use will be assessed as a coded loan. This applies to both investment and owner occupied properties. The EXCEPTION to this rule is ... if the borrower is a Company / Trust, then it will be a non-coded loan.
Essentially, what this means is that in all cases the Bank/funder and our Lending specialists will now be required by law to be comfortable that the borrower can service any debt applied for - No exceptions!
PERSONAL & CAR LOANS
We can assist with Personal & Car Loans for any purpose such as...
✔ Requiring funds for personal use
✔ Buying a car, boat, caravan or trailer
✔ Debt Consolidation
✔ Home Deposit and Settlement Costs
✔ Any worthwhile purpose
We can assist borrowers who are...
✔ Self Employed
✔ Companies & Trusts
✔ Credit Impaired (have defaults, judgements, or bankruptcy)
We can assist with loan types such as...
✔ Car Loans (secured & Unsecured)
✔ Unsecured Personal Loans
✔ Home Deposit Loans
✔ Fixed Personal Loans
✔ Low Doc Car Loans (for business)
FInd Out Now If You Qualify
An EZFinance Commercial Loan Specialist has developed strong relationships with a range of business and commercial lending specialists and major banks.
We are able to assist with business finance for expansion, investment funding, leasing, purchase or refinance of commercial properties, retail shops, industrial land, factories and offices or cash flow lending.
Your EZ Finance commercial credit specialist can help you gain an understanding of your options and develop a sound financial plan on loan structures that suit you, low interest rates, effective structures, and a high level of service before committing to any expenditure.
Each lender has their own programs and their own requirements so our commercial specialists can also help you understand the differences between loan types and lenders, including related fees and charges.
There is a range of business facilities available, depending on the type of business you own or are purchasing, and whether you are looking for finance for a new or existing business.
Please Note Well.
EZFinance Commercial Pty Ltd (ACN: 639833604) is a different entity to EZFinance Pty Ltd (ACN:140178383).
EZFinance Commercial Pty Ltd deals with all Commercial and Business finance, EZFinance Pty Ltd and it's representatives deal with all Consumer advice and applications.
Running or starting a business is exciting! We share your excitement and want to help you reach your goal of owning your own business.
Banks and many other lending institutions will turn you away just because you lack regular income or bank statements to prove you have the ability to payback the loan.
This is unreasonable because they ignore the exact situation most self-employed people are in.
When the GFC (Global Financial Crisis) exploded into the Financial markets around the world a few years ago, all banks and lending institutions stopped or minimised any type of "Risky Lending". This impacted hard on self employed people who traditionally have found it hard to show where their income came from or had difficulty showing the bank up to date financial figures. Self Employed people are the back-bone of the economy and when they find it difficult to get finance, the whole economy feels the distress.
The good news is, that there are a few lenders now coming back into the financial market who see Self Employed people or people who find it difficult to get finance, as a good risk and a large market in which to release funds. EZ Finance, unlike many finance brokerage firms, has direct access to a variety of funders all around Australia who have entered the Lo-doc market. EZ Finance has many direct links to financiers who are specifically geared to financing homes, businesses and commercial property in all Australian states and Territories. Where some people may have tried to get finance a few months ago or a year ago, and were disappointed.......The Good news is that the market is changing.
Lo-Docs (Low documentation) loans are the most popular and widely used loans in this category of lending. Whilst the lender does not require full financial disclosure on their application forms, they still require some evidence of income, and depending on the funder it could be (but not limited to) any one or more of these;
Your individual circumstances will dictate as to which lender and documents you will need to supply.
An EZ Finance loan specialist will assess your situation and assist you to apply for the most appropriate finance.
When the world's financial economies went into "melt-down" as a result of the Global Financial Crisis (GFC), one of the hardest sectors to attain finance has been with major construction and development projects.
What has become more relevant over the last couple of years is that...
"the funding sources create the rules, and in order for you to receive funding, you and I have to work within their rules".
Banks and lending institutions within Australia have tightened up their lending policies and guidelines to an extent where their risk is at an absolute minimum when it comes to lending money on major development and construction projects. This can make it very difficult indeed for a developer to get the finance they need to undertake some of these large projects. So what are some of the main factors these banks and lending institutions look for?
The lender requires confidence in the developer to be able to cost and efficiently construct the project. Previous experience will be well regarded.
Some equity from the developer will be required to start the process. The amount of deposit will be determined on a case by case basis.TDC (as below) may apply and presales may also be a requirement.
The location of the development may also become a major factor in determining "Risk" for the Lender. Some areas in each state are not looked upon as "desirable" or "economically viable"
Traditionally, "Total Development Cost" (TDC) has been the banks and other funders standard method of funding. Basically, this is where the funder would lend a percentage of the TDC up to a maximum of 80%
This type of funding is becoming more widely used as the developer may have access to more funds with different lending policies to the Banks. It is not unusual for the interest rate to be higher with this type of funding, however, it does provide a "means to an end". The experience, equity and location factors (as above) still apply here, however, the most common method of funding here is by way of Gross Realisable Value (GRV). This method of finance is based on the end value of the project, on a cost to complete basis. GRV finance is generally less stringent requiring minimum or no presales. The maximum LVR for this type of facility is 70% of GRV.
In relation to land settlement, the loan cannot exceed 70% of the value of the land "as is". Should a property be acquired without the relevant DA approvals, and the developer put in place the appropriate DA approvals adding significant value to the land, it may be possible to borrow 100% of the land and development costs. Alternatively, should a developer acquire an approved development site, it would mean that they would need to provide at least a 30% deposit of the "as is" value of the land. Assuming that the borrowings do not exceed 70% of GRV, the entire project would be fully funded from this point.
EZ Finance has many sources of non bank and private funders and by utilizing the GRV method, a property developer is generally able to borrow more money against their project, minimising their equity outlay.
Our commercial managers are in constant contact with banks and high net worth Investors located in many countries overseas. Our sources in India, China and the US are just starting to release funding for investment in Australia as we are seen to be a safe country in which to invest. Places like China have national laws which only allow their people to own a property for a capped time period, so they are not able to keep the property permanently. Chinese investors see Australia as a good permanent investment option.
"Choose a job you love and you will never work a day in your life."
Successful people all have similar traits and similar patterns. The truth is that being successful is not far-fetched if you can learn what other successful people do. And no, it doesn’t have to be big acts of philanthropy or innovation. It can be small things, simple things, YOU can do every day - to reach your goals.
(Part of the EZFinance Group)
EZFinance Pty Ltd (ACN: 140178383 - ACL: 392611) and it's authorized Advisors are fully qualified to give advice and assist with all/any consumer lending. EZFinance Pty Ltd is a member of AFCA
EZFinance Commercial Pty Ltd (ACN: 639833604) and it's authorized advisors are fully qualified to give advice and assist with all/any Commercial / Business lending. EZFinance Commercial Pty Ltd only advise and assist with "Non-Coded" finance (as described in the NCCP act 2009*) and are not a member of AFCA.
*National Consumer Credit Protection Act (NCCP)
Allan Pearson is a proud member (M-330095) of the (FBAA) Finance Brokers Association of Australia Limited.
© 2020 The Trustee For The Red Earth Capital (Tasmania) Trust t/as RedCap Finance Brokers ABN 98 374 742 974 All Rights Reserved
Redcap Finance Brokers
1. In the First Instance - Please Contact RedCap Finance Brokers direct on 07 3102 4772 to discuss your matter, then...
2. If you feel the issue has not been resolved to your satisfaction within 5 business days, then please contact our Licensee's internal dispute resolution manager:
Attention: EZFinance Complaints Dept
Level 3, 169 Fullarton Road,
Dulwich SA 5065
Phone: 1300 727 909
NCCP Act CODED LOANS ONLY*
We aim to reach a satisfactory outcome for any complaints.
If you are still unsatisfied after dealing with EZFinance's Internal Dispute Resolution Process and their decision, you can then contact the Australian Financial Complaints Authority (AFCA) using the details below:
Please Note: - There is NO applicable AFCA membership held by us in relation to NCCP Act: NON-CODED Loans: i.e. commercial credit products and/or unregulated loans.