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Our contact details

Email: info@mycashfinance.com.au

Mailing: P.O. Box 94,
Hurstville BC NSW 1481

Sydney: Suite 5 Level 2,
8 Crofts Avenue
Hurstville NSW 2220

Melbourne: Suite 98, 738 Burke Rd, Camberwell VIC 3124

Brisbane: Suite 242/51, 167 Robina Town Centre Dr, Robina QLD 4230

 
 
Glossary and loan terms

 

Short Term Finance - fast approval finance for business and personal purposes.

Centrelink loans - fast centrelink loan relief for pensioners.

Cash loans – this type of loan often refer to small and fast loans.

Bad credit loans – this loan is design to assist poor credit customers in obtaining credit, often attach higher interest rate due to risk factors.

Fast Loans – as the name already mentioned, this loan is faster to arrange than normal confirming loans. Approval time as fast as 1 hour.

Bad Credit – refer to the credit rating that is on (Credit ReportAgency).

Bridging finance – this is a short term loan or facility that is usually utilised when buying a new property before selling the old one. As the name already implies, bridging finance is a short term loan.

Comparison rate - A rate which includes compulsory fees and charges so loans can be compared on equally. For example, if a loan with a low promote rate but higher fees can cost the borrower the same as a loan with a higher promote rate but lower fees. In this case, both loans would have the same comparison rate.

Loan approval - lender offer to lend after due dilligents, usually the lender has the right to withdraw the offer if conditions are not met by the borrower.

Amortising loan -  the principal & interest of a loan is paid through set payments over the term of the loan. Amortising loans are the most usual types of home loans written in Australia.

Application fee - This fee is paid by the client upon appling or getting a loan.

Average Annual Percentage - Basis points - Each basis point is equivalent to 0.01%. A 1% boost in interest rates is same as 100 basis points.

Break cost - Fees charged by the lender if the loan is paid-off in full early than the loan term by the borrower.

 

 
   

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Cash Finance Pty Ltd. Copyright ©2011. All rights reserved. Designed by BizTech.

Disclaimer: Any information on this website does not take into account your personal objectives, financial situation or needs. You should consider the appropriateness of the information having regard to your objectives, financial situation and needs before deciding whether to acquire any of these products. All applications and facility preference such as loan term, payment frequencies are subject to lending criteria and final approval.

*Suggested approval time is for repeat customers and simple applications only. Time is calculated from the moment all necessary documents are received. New customers may take longer to process and inadequate documents can cause major delay.
^Cash Finance will attempt to assist you in finding a suitable loan despite your credit history. Minor bad credit history may be considered. In serious cases, a joint application is required.

Australian Credit Licence No.: 386473

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