Saturday, May 7, 2011

PMIFBS Finance Update - 05 May 2011

Small - Medium Business Equipment Finance

Rates have been holding steady over the past few months and most lenders have a quick turnaround time in providing you with an answer (providing all the information they require has been provided with the application).

With the end of the financial year now could be the time to speak with your accountant about what you could spend on new or replacement equipment for your business.

Types of equipment that can be financed include passenger cars, light and heavy commercial vehicles (including the good old work ute), earthmoving and construction equipment, manufacturing plant and equipment, medical and dental equipment, agricultural and farming equipment, office equipment and computers, as well as restaurant and cafe equipment.

If you are unsure as to what you can have financed give me a call on 0407 738 644.

Looking For A Lifestyle Change

Looking for a lifestyle change - do you dream of having a hobby farm?

You can borrow up to 90% of the value of the property plus lenders mortgage insurance if there is a residential dwelling on the property and it is fully serviced with town water, direct sealed public road access and is attached to the electricity grid.

Even if the property does not have town water, you could still borrow up to 80% of the value of the property. Maximum land size 50 hectares.

To find out more please phone Dale on 0407 738 644

Fantastic Fix Rate Offer

This Building Society has a fantastic fixed rate offer available up to 1st of July.

  • Fixed for 1 year - 6.79% (Comparison Rate 7.95%)
  • Fixed for 2 years - 6.89% (Comparison Rate 7.86%)
  • Fixed for 3 years - 6.78% (Comparison Rate 7.79%)
They are also offering 100% Offset on their fixed rate loans.

With the potential for the Reserve Bank to lift interest rates in the next few months this could be a good opportunity to act while this offer lasts - lender expects this to change on 1st July 2011.

Also no application fee for loans $250,000 or more and first year annual fees is waived. This offer can also be combined with the above fixed rate offer.

To find out more please phone Dale on 0407 738 644

News Flash - Refinance Offer From Major

News Flash - "Majors offer to pay refinance costs on small business lending"!

Hardly news when you consider a non major lender offers -

  • Business Purpose Loans from 6.95% (Basic Mortgage Promotion Comparison Rate 7.00%)
  • Cash out to 90% loan to value - Maximum cash out $1,000,000.00
  • Company and Trust Structure borrowers
  • Nil application fee or account keeping fees
  • Offset Loans at 7.08% (Professional Package) (Comparison Rate 7.39% on Standard Variable Loan)
For further information please phone Dale on 0407 738 644

Legal Information

Information contained within this blog is general in nature and should be considered in consultation with the Finance Broker. PMIFBS conforms to the Australian privacy laws. PMI Finance Broking Services. ASIC Licence 385 211