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Fast second mortgages, decided directly

Fast second mortgage business loans: why speed comes down to who decides.

Equity Tap is regarded as one of the fastest second mortgage business lenders in Australia. The reason is simple: no credit committee, no valuation before approval, and a decision made by the person you are speaking to.

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$50k–$5mBusiness facilities
1–12 monthsShort-term options
As little as 24hFor eligible scenarios
Australia-wideProperty security
fast second mortgage business lender

What slows a second mortgage down

A second mortgage over business or personal property is usually delayed by the same few steps: waiting for a valuation to be booked and written up, waiting for a credit committee to meet, collecting financial documents the security does not really depend on, and waiting for the first lender's consent where it is needed. Equity Tap removes the first three and runs the fourth in parallel with everything else.

How Equity Tap moves faster

  1. Direct decision. There is no credit committee. The person who answers the phone is often the person who decides.
  2. No valuation before approval. We assess the property and the equity without ordering a valuer first.
  3. No financials for property-secured loans. We do not ask for tax returns, BAS or bank statements.
  4. Consent handled early. If your first lender needs to consent, tell us who it is at the start and we request it while the rest of the loan is prepared.
  5. Settlement in as little as 24 hours. Eligible, straightforward loans can be funded within 24 hours once approved.

What to have ready

  • The property address and who is on the title.
  • The latest statement for the first mortgage.
  • What the money is for and the date it is needed by.
  • How the loan will be repaid: a sale, a refinance or an incoming payment.
  • Identification for the borrowers and guarantors.

Amounts, terms and repayments

Second mortgage business loans from $50k to $5m for one to twelve months, over acceptable residential or commercial property across Australia. On eligible facilities, up to six months of interest can be prepaid or added to the loan, so there may be no scheduled payments while the plan plays out. Pricing is set on your individual circumstances, the sharpest rate available for your situation.

Second mortgage, first mortgage or caveat?

If you want to keep your existing loan, a second mortgage is usually the cleaner option. Compare it with a caveat loan or a first mortgage, or read the full guide to second mortgage business loans. The no valuation second mortgage page explains why valuations hurt second mortgages most.

Frequently asked questions

How fast can a second mortgage business loan be funded?
Eligible, straightforward second mortgage business loans can be funded in as little as 24 hours once approved. Timing depends on the property, the first lender's consent where needed, and how quickly documents are signed.
Why is Equity Tap fast?
There is no credit committee, no valuation is needed before approval, and the person you speak to is often the person who makes the decision.
Does my first lender need to agree to a second mortgage?
Some first lenders require consent before a second mortgage is registered. Tell Equity Tap early so the consent can be requested while the loan is prepared.
How much can I borrow on a second mortgage?
From $50k to $5m, depending on the equity left after the first loan and the plan to repay.
Do I need financials or bank statements?
No. For property-secured second mortgages, Equity Tap does not ask for tax returns, BAS or bank statements.

Brokers: send the scenario through the Equity Tap broker channel and you will deal with the same lending team.

Clear answer. Fast.

Tell us what needs to happen, and when.

A lending specialist will assess the property, the business purpose and your exit strategy.

Let's Get Started