Private 1st Mortgage Loans up to $20m.
Competitive Rates, Minimal Documentation, and Funding Possible within 7 days.
If you have a little more time, our Private 1st Mortgage Loans are the fast and cost-effective solution.
You can take Equity Tap Private 1st Mortgage loans from 1 month to 2 years.
- LoDoc Business Loan
- Loans up to 2 years
- Funding from $500k to $20m
- LVR up to 70%
- 2 Hour Approval
- Funding possible in as little as 7 days
- All costs are fully Tax Deductable
- Repay early or extend the loan FEE FREE
- No hidden fees or charges
Simple Online Process
It's quick, easy and secure. All designed to make your life easier.
- 2-minute application
- Same day approval
- Funding in as little as 7 days
- Minimal Documentation Required
- Aussie customer service
- Average Credit Scores Ok
When would I need Equity Tap?
When you have an unexpected business opportunity & you need funds to seize the day.
When you need to settle on a property right away, but your bank finance has fallen through.
When you're selling real estate, but you urgently need the proceeds of the sale right NOW.
When your Bank approval is taking too long, and you need the funds by tomorrow!
See if you're eligible
- All loans must be for Business or Business Investment Purposes
- Have sufficient equity in real estate security
- Have a registered company
- Be an Australian Citizen or Permanent resident over the age of 18
- Be borrowing against a property in Australia
- Have a government ID, such as a passport or drivers license
- Have sufficient equity in real estate
- Have a Pty Ltd company.
- Be an Australian Citizen or Permanent resident over the age of 18
- Be borrowing against a property in Australia or New Zealand
- Have a government ID, such as a passport or drivers licence
We lend in all major cities and some regional cities across Australia. Call us to check if your postcode eligibility.
- A rates notice for each property
- Photo ID for each person on title
- A Contact of Sale if the loan is for a property purchase
- A certified copy of the Trust Deed
- A copy of the Contract of Sale
- Evidence of paid deposit
- Evidence of remaining funds to complete purchase
- If residential, property must be purchased in a company name
Equity Tap Private 1st Mortgage Loan Fees
- From a low 8.99%pa
- Easy Monthly Interest-Only payments for the term of the loan
- Application Fee: NIL
- An upfront Assessment Fee: $2950 (payable upon accepting our Conditional Approval)
- Valuation Fee: at market rates (paid during Due Diligence assessment)
- Legal costs: $2900 plus disbursements (paid only when loan is Unconditionally Approved)
TBA as it depends of the type, size and location of the property, however the valuation fee is at normal market rates and it is at cost price to you.
All included in the legal fees.
Complete our online application to find out what fees may apply to your unique scenario.
Don’t worry – it doesn’t cost anything to apply, and we do not do a credit check on application.
Equity Tap Premium
1st Mortgage Loan Process
- Apply Online here
- The Equity Tap team will quickly call to discuss your needs, and the type and location of your security property. Together we will complete a full application form, which takes about 5 minutes.
- Once that is completed, you will be required to send through all the necessary supporting documents. (see Supporting Document Checklist below)
- We will then issue a Term Sheet which steps out the terms of the loan, the interest rate, and all costs. If acceptable, we require you to digitally sign and electronically pay your formal Due Diligence Fee & Valuation Fee.
- Once all the relevant checks are done, we will instruct for a Formal Valuation. (Note: If our checks prevent us from funding the loan, the Valuation Fee is refunded back to you)
- As soon as the valuation is done and the valuation report has been sent to us by the valuer, our credit team will assess.
- Once the Credit Team has signed off on funding for your loan, we will issue a Final Approval to you, and have a quick Zoom call with you to confirm you are happy with everything and you are ready to move to the final stage.
- We will then instruct our lawyers to prepare the legal documents. They will be emailed directly to your lawyer.
- All signatories to the loan then need to get independent legal advice and have their ID certified by their own lawyer/s.
Once our lawyers have the fully executed legal documents back and all conditions met, the loan is funded.
Supporting Document Checklist
Application Stage
- Signed Letter of Offer
- 100 points valid ID (Note: If passport is not AU, provide visa to confirm Permanent Residency status)
- Completed and Digitally Signed Application Form*
- If Investment property, provide executed lease agreement or rental ledger
- Rates Notice or Contract of Sale
- Trust deed (if applicable)
Please provide additional supporting documents based on the following loan purpose:
Loan Purpose
Supporting Documents
Loan Purpose
Purchase
Supporting Documents
- Buyer and Vendor executed full Contract of Sale (COS)
- Evidence of deposit paid
Loan Purpose
Refinance
Supporting Documents
- Most recent 6 months loan statement
- Or Good Conduct Letter from 1st Mortgagee
Loan Purpose
Equity Release
Supporting Documents
- If purpose is for business working capital, provide most recent 3 months trading business bank account statement with active transaction history
- If purpose is to pay business debt, provide evidence of debt (e.g. invoice, agreement, etc.)
Mortgage Document Stage
- Remittance of upfront legal fee payment
- If servicing the loan, Accountant’s Letter confirming the Borrower’s ability to service to be provided. The Accountant must be TPB-registered.
Our team are here to help.
Weekdays 9.00am – 5.30pm AEDT