All Topics / Finance / Needing help with finance

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  • Profile photo of kaseykasey
    Member
    @kasey
    Join Date: 2004
    Post Count: 1
    April 28, 2004 - 7:31 am

    Hi,

    I have an IP under contract in NZ but do not have quite the 20% deposit needed for non-residents.

    I need $5000 but have applied for some personal loans and they say we do not meet criteria :(

    I know we can service the loan over 2 years. Can anyone help me privately? At maybe 10% interest??

    Thought I would give this a try
    My email is [email protected]
    Thanks

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 29, 2004 - 1:30 am

    What about trying for a credit card.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of GeronimoGeronimo
    Member
    @geronimo
    Join Date: 2002
    Post Count: 167
    April 29, 2004 - 2:20 am

    Hi Kasey

    Also 10% per annum is not very attractive to private lenders. The private lenders I know don’t lend on anything less than 15%, and you will have trouble with funds being secured against the property in NZ.

    If you offered a property here in OZ as security you may be able to do it, but I would try for a credit card first. Any family members who will take out the personal loan for you?

    Good Luck!

    Brendon

    Acute Mortgage Reductions
    http://www.acutemr.com.au
    [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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