Caveat Loans in Australia
Borrow up to 100% of your
property value in 24 hours*
- Bad credit? OK!
- Easy eligibility
- Decision in five minutes
- An alternative to banks
At Max Funding, we praise ourselves for offering one of the best caveat loans in Australia with no credit check for pre-approval.
Here is why we stand out:
A caveat loan is a wise financing choice for many business owners who require urgent funding. The loan allows you to almost immediately release valuable equity from your real estate property. Compared with traditional business lending, our loans are fast and easy to approve (funding available in 24-48 hours).
If you're considering taking charge of an immediate opportunity to expand your business or wanting to pay an urgent invoice, a caveat loan is your answer.
We have helped clients all around Australia, whether you are in Melbourne, Sydney, Brisbane or Adelaide, we can help.
Get pre-approved online in five minutes (24/7), obligation-free.
A client urgently needed funding for his business. A bank had provided him with a caveat loan of 50% of his property value, but was unwilling to lend more to him. Even though there was sufficient equity in his property, he had little proven business profitability. The bank’s strict lending criteria meant that he was unable to obtain the caveat loan he needed to support his business.
Max Funding helped our client by offering him another caveat loan of $400,000 against his property over a 3-year period. This caveat loan allowed our client to fund his business and to re-pay the bank or re-finance when his business succeeds.
A client’s caveat loan was already on title. His caveat lender had a high interest rate of 3% per month, and the caveat loan was due the next month with no extension available. Max Funding helped our client by re-financing the caveat lender’s rate. We offered our client a lower rate of 1.5% per month over a longer period. As a result, he was in a better financial position, as he was able to serve the caveat loan over a 2-year period.
A caveat loan is funding from a lender secured against the value of your property's equity. The loan itself is the money you receive from the lender, and the caveat is what's lodged on your home's title of ownership. When you have a caveat loan, you can't sell your property or attempt to obtain further funding using your home as collateral. A ‘caveat’ is a document that can be lodged on the title of a real estate asset. The title is a government-recognised record of ownership, and placing a caveat on this title secures the real estate so that it can’t be used for any other dealings whilst the caveat loan is active.
The real estate holding is then used as collateral for the issuing of the loan. The lender receives an equitable interest in the property without granting them primary ownership. They can proceed with the lending transaction in good faith and with the assurance that they’ll be able to liquidate the property to make up for any losses in the event that the borrower defaults on the caveat loan.
But this is only part of the benefit of a caveat. It also serves as an official note on the title that lets other lenders know that this current property is already tied up as caveat loan security and may not be used for any other dealings.
As long as the property title is in order, the caveat loan can be processed quickly and easily. However, it’s worth pointing out that many lenders who advertise caveat loans are actually offering second mortgages taken out on a property. The distinction between caveat loans and second mortgages taken out on property isn’t always important, but it can make a difference.
Max Funding specialises in providing caveat loans lending to all business owners across Australia, regardless of your business type and size. Banks and other lenders typically require more time to process your caveat loan application and to settle the funds. However, at Max Funding, our team of business specialists works together with you to solve your problems. That is why our application process is designed to be fast and efficient, to ensure that finance is provided in a timely manner when you need it most.
Did the banks find something on your credit file? Don't worry! Bad credit history can be considered for our short-term caveat loans, with flexible repayment schedules tailored to your budget. In need of an urgent answer? We got it! Max Funding understands that time is money, and we can give you a decision on your caveat loan application in just five minutes. Need money today? Our team understands that you need money fast, and we dedicate ourselves to have your caveat loan settled on the same day.
Our pre-approval process gives you an accurate indication of whether you're eligible for our caveat loans. Whether it is to purchase new equipment for your business, relieve cash flow issues or fund a start-up, Max Funding provides you with flexibility, fast responses and quick funding to ensure that best solution is found for your business.
If you’re an Australian property owner in need of a lightning-fast caveat loan approval, Max Funding can help. We offer specialised caveat loans that are secured against your real estate holdings to ensure that disbursement is fast, efficient and hassle-free. Finally, you can stop wasting time going from one potential lender to the next, only to suffer through the same series of excuses why they can’t provide you with access to the capital and the caveat loan you need.
We have loans to suit any situation. And if you have bad credit history, our short-term caveat loans may just be the answer. Read on to learn more about how short-term caveat loans work, and feel free to get in touch if you have any questions.
A primary mortgage is a straightforward loan. The borrower receives approval from a lender based on their credit history and income, and they are granted a loan that can be used to purchase a property. The property that they purchase serves as its own collateral against the loan.
However, it’s common for property owners to take out second mortgages on the same property. This is possible because every previous repayment they have made against the property pays down the principal and increases the borrower’s equity in the home or business. The second mortgage is taken against their existing equity.
The fundamental difference between second mortgages and caveat loans is that more than one mortgage can be taken out against a property. Each is assigned a level of priority relative to when the mortgage was taken out. So in the case of default, a second mortgage can be reckoned after the first has been cleared.
But with a caveat loan, the property in question may not be used as collateral for any other loan as long as the caveat loan is active. The fact that these restrictions are in place make caveat loans easier to process and more desirable under certain circumstances. With no other loans competing for priority over this piece of property, the lender is able to release the full amount more quickly.
At Max Funding, we’re keen to help Australian business owners achieve their financial goals – and we’ve found that caveat loans are one of our greatest resources. Borrowing from a mainstream bank is often more trouble than it’s worth. And that’s if your business can even get approved!
It doesn’t matter how big or small your organisation is, if it owns an unencumbered property, we can help you access the capital you need based solely on the value of that property. We’re happy to consider bad credit history, and we offer flexible repayment schedules so that you can get the type and structure of caveat loan that will best serve your business’ interests.
If you’ve already spent time going from one business loan provider to the next, only to find that their lending requirements are far too restrictive to be of any use, then you’ll appreciate just how straightforward our caveat loan application process is. Thanks to our no-credit-check caveat loans, you can finally get your business moving in the right direction.
With our user-friendly website interface, it's has never been this easy to apply for caveat loans online. To find out if you qualify for caveat loans in Australia, all you have to do is fill out the pre-approval form. Let us know how much you’d like to borrow and for what purpose, and then give us an idea of your credit rating. We’ll get back to you right away with more information. Click "Get a Pre-Approval" to get started, and please don't hesitate to contact us if you have any questions.
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