Caveat Loans

Rates from 1%/month

Caveat Loans – a summary

A caveat loan is for a business that needs funds and cannot afford to wait. A caveat loan can be the fastest business loan to arrange and settle, though interest rates can be high and it’s only suitable as a short-term loan.

A caveat is a document lodged with the government about ownership of a property. So a caveat loan is one where a lender is given interest in the property, provided they don’t sell it. In other words, you can use your property as the security for a loan.

It’s a useful option for those who have urgent needs for finance and who own or are paying off property. You can then use the equity from your property to your advantage.

Borrowers use caveat loans for:

  • Purchasing real estate
  • Other major business purchases
  • Improving cash flow
  • Business development
  • Renovations
  • Paying off business debt

If a caveat loan suits you, FundingPro will ensure you access the best rate and conditions possible.

Advantages

  • You get fast access to capital
  • The property acts as security for the loan
  • Bad credit is not a deterrant to getting the loan

Disadvantages

  • A higher cost than other loan types
  • Only suitable in the short term
Prefer to talk to a loan expert?
1300 898 765
Unsure how much you can borrow?
Try our business loan calculators
unsecured_loan

Unsecured Loan Calculator

  • Borrow without risking property / assets

  • Loan terms of 3-12 months

  • Security needed for longer borrowing

  • No personal guarantees required

How much do you need?

Over how many months?

Based on your answers,

Your estimated weekly repayments are: $1,498 / week

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • Borrow with the certainty of fixed repayments

  • Loan terms of 1 to 20 years

  • Monthly repayments

  • Secured & unsecured options available

How much do you want to borrow?

Interest Rate

Over How many years?

Based on your answers,

Monthly Repayments $9,666

Total Repayments $579,960

Interest Costs $79,960

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

  • No deposit options available

  • Rates from 4.09%

  • Loans from 1 - 10 years

  • Low Doc options available for business owners

What is your vehicle/equipment cost?

Interest Rate

Over how many years?

Based on your answers,

Monthly Repayments: $1,473

Total Repayments: $88,399

Interest Costs: $8,399

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

Invoice Finance Calculator

  • Loans against your outstanding invoices

  • Undisclosed options available

  • Rates from 0.5% per month

  • Same-day approvals

Outstanding Receivables

Advance Rate

Based on your answers,

Receive up front: $480,000

90 days interest costs:

Minimum $14,400

Maximum $21,600

Apply now

Prefer to talk to a business loans expert?
Call us on 1300 898 765

How Do Caveat Loans Work?

With a caveat loan, you can secure a loan quickly based on using your property. Here is an example:

Bob the Builder has a property in Maroubra worth $750,000 and he owes the bank $500,000. He needs fast finance for purchasing an investment property that he plans on renovating. He knows that he has a large amount of income coming in the next few months, but he needs the funds for renovation now.

A caveat is issued to his lender. They are not allowed to sell the property. However, they use the property as security to grant a loan.

He receives the loan within two days. After three months, he has secured enough finances from other sources and repays the loan.

Caveat loans are often quicker to approve than traditional loans. It doesn’t matter if you have bad credit. Your repayment schedule can be designed to be flexible and according to your needs

Qualification criteria

We cannot assist

Apply for a Caveat Loan

Find the Lowest Rates on Caveat Loans

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Explore more business loan options

Looking for more options?
See our complete range of loans

FAQs

We have answered some common questions from clients below.

  • What will my interest rate be?

    Your interest rate will depend on the term of your loan and your business trading history.

    For an indication of current rates, please see the table below.

    Loan PurposeInterest Rates From
    Unsecured Cashflow0.75% / Month
    Invoice Discounting / Factoring0.5% / Month
    Vehicle / Equipment Finance4.09% / Year
    Property Finance3.69% / Year
    OtherPlease Enquire

     

  • Who are your lenders?

    FundingPro have partnered with more than 70 lenders, both banks and non-bank specialist lenders. We carefully screen all lenders before adding them to our panel to ensure we only work with lenders that abide by responsible lending practices.

  • Will applying online affect my credit report?

    Making an online loan enquiry will not impact your credit report. If you decide to proceed with a full loan application lenders may require us to provide them with a copy of your credit report.

  • What does it cost to apply?

    Applying is free. If you take out a loan we will be paid a commission directly from the lender.

  • Do I qualify for a loan?

    We offer both mortgages & business loans, and the qualification criteria is based on the following:

    • Can you afford to make the repayments
    • Do you have enough security
    • Your credit history

    Most individuals & businesses will qualify for a loan. Your individual circumstances what type of loan, the rate you pay and how much you can borrow. To find out how much you qualify for, fill out an online loan enquiry.

Have a question for our loan experts?
Call us on 1300 898 765

Find your ideal loan

It’s free and it won’t affect your credit score

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