Prime Finance - Private Short Term Loans

The leading private lender of short term loans in Australia

Prime Finance is a professional lending company designed to help people quickly sort out their short term commercial loans and business loans, caveat loans, first & second mortgages. We also specialize in short term commercial loans, 1 month to 2 years, up to 80% LVR with a quick settlement.

Prime is providing the latest and best available rate – 1% per month – no hidden fees. Short term finance – we’ll do it!!

Private Short Term Loans

The term ‘short term loan’ describes a sector of financing that includes bank-to-bank loans, asset loans, business loans, pay-day loans and bridging loans. The one common factor is a term of 12 months or less.

Since short term loans are usually higher risk, a higher premium is expected and in the event of default recovery action will commence almost immediately to protect the equity in the security.

Short term finance is a highly specialized area of lending provided by a few specialist lenders. While banks and other lenders don’t understand what you need, we take the time to understand your business and your needs. We know each customers’ circumstances are unique.

Prime has been providing short term finance including bridging loans, business loans and short term loans since 2004. We have become one of Australia’s largest short term lenders.

As a specialized short term lender, we take the time to understand your needs and tailor a loan just for you.

Loan Products

• First & Second Mortgages
• Business Loans
• Bridging Loans
• Caveat Loans
• Residential Loans

Product Guides:

• Loans up to $1,500,000.00
• LVR up to 80% of the “as is” value (terms and conditions apply)
• Rates from 1% per month up to 2% per month
• Loan Terms between 1 month to 2 years

Acceptable Securities:

• Residential properties in metropolitan areas
• Rural / Residential properties (population over 50,000)
• Commercial properties
• Industrial properties
• Vacant Land (in metropolitan areas only, LVR up to 75%)
• Development sites (subject to terms and conditions)

Acceptable Loan Purposes:

• Working capital
• Bridging finance
• Payment of business debts
• Taxation payments for businesses
• Purchase of investment property
• Purchase of shares
• Personal use of funds

NB Prime will require all borrowers to provide in writing the purpose of the loan funds.

Approvals:

Conditional approval can be granted within 1 hour.

Formal approval will be granted when all prerequisites above have been satisfied and Prime’s Application Form and Declaration Forms are completed in full and correctly. Original Forms and all other corresponding documents must be returned to Prime prior to issuing mortgage documents.

Exit Strategy:

Prime will require all borrowers to provide in writing details of their proposed exit strategy for the repayment of our loan.