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  • Abundance
  • Business Specialists 
    • Business Specialists
    • Articles
  • Choosing the Right Loan 
    • Choosing the Right Loan
    • Construction Loans
    • Asset Finance
    • Refinancing
    • Line of Credit
    • ATO Tax Debt
    • Debtor Finance
    • Business Overdrafts
  • …  
    • Abundance
    • Business Specialists 
      • Business Specialists
      • Articles
    • Choosing the Right Loan 
      • Choosing the Right Loan
      • Construction Loans
      • Asset Finance
      • Refinancing
      • Line of Credit
      • ATO Tax Debt
      • Debtor Finance
      • Business Overdrafts
    Contact
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    • Abundance
    • Business Specialists 
      • Business Specialists
      • Articles
    • Choosing the Right Loan 
      • Choosing the Right Loan
      • Construction Loans
      • Asset Finance
      • Refinancing
      • Line of Credit
      • ATO Tax Debt
      • Debtor Finance
      • Business Overdrafts
    • …  
      • Abundance
      • Business Specialists 
        • Business Specialists
        • Articles
      • Choosing the Right Loan 
        • Choosing the Right Loan
        • Construction Loans
        • Asset Finance
        • Refinancing
        • Line of Credit
        • ATO Tax Debt
        • Debtor Finance
        • Business Overdrafts
      Contact
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      • Select an appropriate loan type for your enterprise

        After evaluating your requirements, it is essential to determine which financial product best suits your business.  

        Each loan type will have different tax and GST implications. It's wise to discuss this with a business adviser or accountant - like us!

        Consider the various loan alternatives in terms of: 

        Purpose

        The purpose of the loan should always be the primary consideration. The lowest interest rate can mean forgoing features including offset, redraw, and early payment facilities. It can also affect businesses in particular with longer lead in times and reduced funding amounts depending on the type and conditions of the loan. 

        Costs

        Loan application costs, annual fees, review fees, monthly fees, package fees, and risk fees are some of the many types of costs that impact the overall costs of lending. While interest rates are important, often the true costs, comparison rates, and average interest rates during debt consolidation are overlooked. 

        Interest rates

        Lower interest rates can save you over the life of the loans and, as a general rule, lower interest rates are preferred. Keep in mind that the purpose of the loan, annual fees, and other costs can result in an overall more expensive product. 

        Conditions and hidden costs

        Early repayment penalties and hidden conditions can slow your progress and minimise a more tax effective early repayment strategy. Talk with us amount how to achieve your goal with the most appropriate product for your goal.

      • Ready to talk to a professional?

        Get in touch today.

      Credit Representative 464541 authorised under Australian Credit Licence 384324
      Disclaimer statement: Your complete financial situation will need to be assessed before acceptance of any proposal or product.
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