Personal Prime Loans
Prime Personal Loans are an unsecured loan which relies upon the recognizance of the borrower as security for the repayment of the loan. Therefore, the current and previous creditworthiness of the applicant is of absolute paramount importance. If there is any hint of previous credit infringements, the Personal Loan Lender will in most cases, not proceed with advancing the loan funds to the applicant.
The Loan amounts start at $3,000.00 and can go as high as $80,000.00 for selected approved borrowers, whom credit worthiness is of an impeccable standard. Personal Loans can be used for a wide variety of purposes, however, there are some areas that are just "no-go" zones. Some of these are extended Overseas Travel, Debt Consolidation, where the consolidation side of it is more than 75% of the loan amount being requested. Some lenders will not even consider debt consolidation at all as a loan purpose. The advantage of using a firm such as NSW & QLD Personal Loan Centres is that we have at our disposal a selection of Personal Loan Lenders whom we can approach. As we are familiar with the various lending guidelines, we are in a position as to whom we should approach on your behalf, thus saving you considerable time and money being wasted.
With Interest rates being delivered from around 12.5% per annum (subject to provision of a Comparison Rate Chart) with selected lenders with rates climbing as high as the late 20%'s for the smaller loan amounts. It therefore pays to canvass with us the various loan options available through various lenders. Please click here to submit an on line enquiry. Remember, we work for you, as our client. Our job is to secure the best possible finance loan for you that is available to us in the market place that we have at our disposal at the time you make your enquiry.
Personal Deposit Loans
Personal Deposit Loans relates to those clients whom are purchasing real estate and require a "top-up" loan facility to complete the closing costs of a real estate purchase transaction. In most cases, the lender will allow the borrower to go up to 105% of the real estate purchase price, although in exceptional circumstances we have known them to go as high as 109% where the borrowers were well serviced with their income and were not eligible for the First Home Buyers Grant. In these cases, we had made special representations to the lender concerned, and they acceded to our request based upon the submission we had prepared. This is another good reason to use a firm such as NSW & QLD Personal Loan Centres to negotiate these types of facilities for you. We invite you to visit our sister web-site at Finance Here and peruse this site, as it is filled with an enormous amount of additional information, not available on this site.
Car Loans
Car loans come is a wide variety of shapes and sizes. Essentially they can be obtained as Unsecured and Secured Personal Loans. In most cases, it is cheaper to secure motor vehicle loans as either Corporate Hire Purchase, Chattel Mortgage or Lease (if vehicle is being used for business) where interest rates are under 10% p.a. However the financiers who provide this type of funding will usually not finance a vehicle under any of these contract types if the age of the vehicle will ten years or older at the time the finance contract is due to expire. This usually means that most vehicles which are five years or older will not be able to be financed unless it is by way of a unsecured or secured Personal Loan which attracts a higher interest rate. The exceptions to this rule are the exotic and prestige vehicles where the value has been maintained, so they get a reprieve of few additional years. Please click here to submit an On-line Enquiry form. To visit our sister site at Finance Here please click the link.
Mortgages
Please visit our sister site at Finance Here to obtain more information about the full range of loan products and services that are available.
Deposit Bonds & Lease Guarantee Bonds
Please visit our sister site at Finance Here to obtain more information about the full range of loan products and services that are available.
Uniform Consumer Credit Code (UCCC)
Personal Loans come under the Uniform Consumer Credit Code. The lender has to abide by rules and regulations set down under government legislation. The rules have been established to protect the unwary consumer being trapped into a credit contract that could be construed as unconscionable. Therefore credit providers are now obliged to follow a set of protocols designed to protect the consumer from being over-committed (and protect the credit provider from losing money to a borrower who can not afford the facility). The UCCC also sets out protocol that must be followed in the event of a borrower defaulting on their loan contract. It is designed to give the borrower an opportunity to resolve the issues around the default and to get their loan agreement payment schedule back on track. Please visit our sister web-site at Finance Here and peruse the UCCC pages, which explain in great detail. We will at an appropriate time copy these pages to this web-site at our next scheduled web-site upgrade.
Veda Advantage Limited
Please visit our sister web-site at Finance Here and peruse the Veda Advantage and My Credit File pages, which explain in great detail how to protect your creditworthiness and your rights in the event of an credit infringement. We will at an appropriate time copy these pages to this web-site at our next scheduled web-site upgrade.
Finance Brokers Contracts (NSW)
It is a legal requirement under NSW law that a Finance Brokers Contract be prepared and presented to a prospective borrower by any broker irrespective where they are located in Australia, where that borrower is domiciled in New South Wales. The FBC must set out full details of the proposed loan being arranged by the broker, including loan amount, any brokerage fees (commissions that also maybe paid by the lender etc) and charges applicable, terms and conditions of the proposed loan, along with interest rate and proposed loan repayment schedules. The FBC is to be prepared and provided to the applicant, and must be signed by the applicant, agreeing to the terms prior to the broker proceeding in putting the facility in place. The document also acts as a written authority from the prospective borrower for the broker to proceed on those terms. Should the loan facility approval be outside the terms and conditions of the FBC, the applicant has the right to terminate the authority at no further cost to him, unless the terms and conditions were due to fraudulent omission of information which has caused the broker damage. Where the Terms and conditions of the FBC are outside of a loan approval, and the applicant decides to take up the offer and proceed, the Broker is obliged under the act to prepare a fresh FBC with the new conditions and have this document re-executed by the prospective borrower.
At NSW Personal Loan Centres, a Finance Brokers Contract is always prepared setting out the terms and conditions. NSW Personal Loan Centres are completely transparent in their dealings with their clients and customers and are happy to provide an FBC at the beginning every transaction.
A Finance Brokers Contract is NOT required to be prepared where the customer is dealing direct with a Personal Loan lender.
So when dealing with a broker, please ensure that they have provided you with a FBC. If they have not they are breaking the law, and you the customer could end up being charged fees which are not permitted. For example, it is an offence under the NSW Act for a broker to charge an up front fee for a UCCC Finance contract. If there are any extraordinary fees, these can now form part of settlement proceeds and do not need to paid in advance, unfortunately, an old scam trick employed by unscrupulous people calling themselves Finance Brokers. Make sure you are dealing only with reputable firms. NSW Personal Loan Centres, through it's holding company, Secured Home Equity Pty Limited is a full member of the Finance Brokers Association of Australia, Member Number 3150 and is a member of COSL Ltd (Credit Ombudsman Scheme Limited). You are invited to visit the web-sites of both these organisations and view their members Charter Code of Conduct.
In Summary
We are here to be of service to you,
Mission Statement: To research and procure the very best finance product available at the time for our client in a diligent and professional manner, and to provide ongoing customer service of unparalleled excellence.