DEBT CONSOLIDATION
Debt consolidation (or debt refinancing ) is basically replacing or combining all of your previous loans and credit obligations into one loan with one lender. This way you will have one single repayment schedule with one set interest rate. Refinancing can cover anything from outstanding ATO tax debt to overdue supplier debt.
DEBT CONSOLIDATION
Debt consolidation (or debt refinancing ) is basically replacing or combining all of your previous loans and credit obligations into one loan with one lender. This way you will have one single repayment schedule with one set interest rate. Refinancing can cover anything from outstanding ATO tax debt to overdue supplier debt.
DO YOU QUALIFY?
We do whatever we can to assist business in urgent need of finance. We always take into account a borrower’s unique circumstance and tailor a solution accordingly to best suit their needs. In order to be eligible for our debt consolidation finance a borrower must borrow under a business or company and will need a property to serve as a security.
DO YOU QUALIFY?
We do whatever we can to assist business in urgent need of finance. We always take into account a borrower’s unique circumstance and tailor a solution accordingly to best suit their needs. In order to be eligible for our debt consolidation finance a borrower must borrow under a business or company and will need a property to serve as a security.
WHEN SHOULD YOU CONSOLIDATE OR REFINANCE?
LOWER REPAYMENTS
Refinancing can often lead to lower a lower interest rate, resulting in easier cash flow management and budgeting. When you refinance, you reset the clock with a smaller balance than your original loan and more time to repay, so your repayments will decrease.
COMBINE SMALLER BUSINESS DEBTS
If your business has multiple loans then it might make sense to consolidate them all into a single repayment. This makes it easier to keep track of payments with one lender.
REPAY ATO DEBT
ATO tax debt can be a pain and the payment plans the ATO puts in place never suit businesses. It’s often easier (and cheaper) to use a business loan to pay of the ATO debt outright and then make repayments with another lender.
DETERMINE YOUR LOAN TERM
When you refinance you can choose to have a shorter loan term, in order to pay off the debt quicker. Alternatively, if you have a debt that is due immediately, you can refinance that debt and extend the loan repayments as flexibly as you want.
APPLY ONLINE
RECEIVE FUNDING
WE PROCESS YOUR LOAN
TELL US WHO YOU ARE
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- Michelle
"Thanks to a bridging loan from Royal Finance I was able to complete a property purchase just in time for settlement. It was an unusual situation and I needed money quickly in order to complete the purchase and avoid losing my deposit.Chris and the team were wonderful and completely put my mind at ease, better yet I had the funding I needed in less than 24 hours. A fantastic service."
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- Hugo
"I had plans to expand my business for many years, only to be rejected from the bank time and time again. In just a few minutes Chris completely understood my situation, my loan application was hassle free and once approved I had the funds in my bank the next day. It was such a fast and easy process that I could not have enjoyed at any of the banks."
APPLY ONLINE
TELL US WHO YOU ARE
WE PROCESS YOUR LOAN
RECEIVE FUNDING
-
- Michelle
"Thanks to a bridging loan from Royal Finance I was able to complete a property purchase just in time for settlement. It was an unusual situation and I needed money quickly in order to complete the purchase and avoid losing my deposit.Chris and the team were wonderful and completely put my mind at ease, better yet I had the funding I needed in less than 24 hours. A fantastic service."
-
- Hugo
"I had plans to expand my business for many years, only to be rejected from the bank time and time again. In just a few minutes Chris completely understood my situation, my loan application was hassle free and once approved I had the funds in my bank the next day. It was such a fast and easy process that I could not have enjoyed at any of the banks."
Frequently Asked Questions
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You can borrow up to 80% of the value of your property(s).
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Interest rates start from 9.55% per annum
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Our secured funding loans are asset backed, and therefore your credit file is not relevant.
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No, payments can be capitalised into the loan – further improving your cash flow.
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Funds can be advanced within 24 hours upon approval.
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It’s case by case depending on your property, in some instances valuations are not required.
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For Royal Finance to source you a loan you must have either:
- Own property
- An ABN or ACN
- Have been in business for a minimum of 6 months
- Turnover at least $5,000 per month.
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Every loan we source is different and has variable rates, but with Royal Finance, there are no hidden fees or costs. Our policy is to be completely transparent with our clients at all times – you will always be informed of any interest or management fees. Our rates start as low as 0.83% p/m.
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Once you have supplied Royal Finance with the required documentation, in most cases you will receive funding on the same day upon approval.