Caveat Loans

A caveat loan is a short term business loan secured against an asset or property. These loan types are rapidly processed and have a quick settlement and short repayment period of up to three years. You can select a shorter duration for faster repayments. It offers individuals or business owners the means to secure funds while retaining their current mortgage. If your current lender cannot give you further funding, caveat lenders will provide you with the necessary funds without any hassle.

Whether you require the funds for personal or business purposes, Equity Tap works with you to create the best financial solution keeping all your requirements in mind. Since you have to secure the caveat funding against an asset like a house or a real estate property, there is no necessity of submitting your income proof.

How can you use caveat finance?

The borrower can use the caveat funding for different purposes whenever they need finances for a short time. Business owners often use them when they come across unexpected costs like tax or electricity bills or other emergency costs that need to be paid. Some borrowers use Caveat Loans to consolidate and pay their debts into a single monthly payment.

You can also pay off the current second mortgage with caveat loans and remove the title from the property. Once the funds are in the bank account, it is up to the borrower how they can use them. People also implement the funds from caveat mortgages to renovate their abode, fund a holiday, invest in a new business opportunity, finance a new vehicle or buy a new car. Fast caveat loans also offer the below advantages to the borrower.

• Can get the capital within two business days since the approval process is super fast
• Helpful for emergency circumstances where you need high capital amount but do not have the necessary time to go through the traditional application process
• You can use Caveat Loans as extensions of current loans

Why do Borrowers like caveat finance so much?

Most of the time traditional business loans have a complex application procedure and rejection fear. However, caveat loans in Australia have a straightforward process, without complicated criteria like the other conventional funding. Let us look at why it is the favourite among borrowers.

• No financial documents are necessary
• Use it to solve short-term cash flow issues
• Allows urgent and rapid access to funds
• Prevent a mortgage or eviction sale
• The borrower can control the LVR negotiation
• Can get a loan even with poor credit history

How to get short-term caveat loans from Equity Tap?

The process of approval for a short-term caveat loan from Equity Tap is simple. The borrower can apply online or contact our team over the phone or by email for their requirements. We do not require any tax document or income proof as the loan is secured against property. The credit committee will then process your business caveat loans swiftly and can settle within 24 hours.

There are no additional hidden fees, and we have designed the verification process with minimal paperwork, speeding up the process. Equity Tap, as a well-known caveat funder, does not require any property valuation. However, in some cases, we may ask for an evaluation if we have any doubts about the property value. With years of experience as caveat lenders, we understand what a borrower needs and strive to meet their requirements.

Is it possible to get fast caveat loans even with bad credit?

Yes, you can get short-term caveat loans from Equity Tap. As one of the leading caveat lenders in Australia, we offer a short-term caveat loan ranging from $50k to $5,000,000. We accept some credit issues due to which the borrower might have gotten a poor credit score in the past.

• Credit defaults
• Court writs and judgments
• Notations for business wind up
• Discharged bankruptcy

Why You should apply for a Caveat Loan from Equity Tap

Equity Tap is a specialist caveat lender that allows an extensive range of financial solutions. However, there are also other reasons, making caveat funding from our company better than other caveat funders.

• More than nine years of experience in this industry
• The borrowers can get up to 75% of the LVR value on their property for a loan.
• LVR value is higher for residential loans than the commercial ones
• Flexible repayment terms daily, weekly or monthly

Would you like to know more about caveat loans? If yes, contact one of our advisors today!