No payments for up to 6 months
You can take an Equity Tap loan from 1 month, right through to 12 months. Best of all we can prepay the interest during the first 6 months.
- No valuations or financials
- Loans up to 12 months
- Funding from $50k up to $5m*
- LVR up to 75%
- 1 hour approval
- 24 hour settlement
- No repayments until maturity^
- 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
- No financials or valuations required
- Aussie customer service
- Tax debts and poor credit score Ok
When to "Equity Tap it"
When you have an unexpected business opportunity & you need funds to seize the day.
When you need to settle on a property but your finance has fallen through.
When you're selling real estate, but you need the proceeds of the sale right NOW.
When your Bank approval is taking too long, and you need the funds by tomorrow!
Be Equity Tap Eligible
Are you eligible?
All types of business owners can Equity Tap!
- Sole Traders
- Partnerships
- Companies
- Property Purchases*
What are the eligibility requirements?
- Have sufficient equity in real estate
- Have a company or ABN
- 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
What are the postcode requirements?
We lend in most metro and non-metro postcodes in every state and territory in Australia, and right across New Zealand. However we can’t lend in some remote areas, on huge acreages, on workings farms, or where the population or recent property sales are very low.
What documents do Business Owners need?
- A rates notice for each property
- Photo ID for each person on title
- A recent Mortgage Statement
What if the security property is owned by a Trust?
- A certified copy of the Trust Deed
What documents do Property Buyers need?
- 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
Why do people get a Private Mortgage?
The reason business owners opt for a Private 1st or 2nd Mortgage is because of the speed and simplicity.
Private 1st Mortgages
We all know how stressful it can be when you go to get a 1st mortgage through a bank. It can take forever, and that’s if it is even approved. A Private 1st Mortgage gives you the confidence and certainty you need, and you son’t have to cut down a small forest for all the paperwork that the banks require either.
An Equity Tap Private 1st Mortgage is Lo Doc in every way. We don’t even do sworn property valuations, which is when we can fund your private mortgage in 24 hours.
Private 2nd Mortgages
Banks simply do not fund 2nd mortgages, so all 2nd mortgages are privately funded. However there are good 2nd Mortgage lenders, and bad 2nd Mortgage Lenders.
We don’t like “bad” so, we only fund 2nd Mortgages in a Good way, and we do it without all the paper work and headaches We don’t even do valuations, which is why we can also fund a 2nd mortgage in 24 hours.
Equity Tap Loan fees
Interest Rate
- From 1.5% per month
- Interest is Pre-Paid for up to 6 months, so you don’t have to pay a cent during the first 6 months of the loan term
Set Up Fee
- From 1% of the loan amount + standard legal costs*
- These costs are capitalised into the loan, so you don’t need to pay them up front.
Valuation Fees
NIL – because we do not do valuations. Ever!
Government & Settlement fees
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.
Our team are here to help.
Weekdays 9.00am – 5.30pm AEDT
Simply APPLY ONLINE and we will immediately commence work on your loan.