Under Australian law any lender in Australia has the right to ‘pull out’ of funding a loan at any time after the application process. That’s right, even after all the documents are signed, sealed and delivered there is still a legal loophole that allows lenders to break the deal.
If that happened, where would it leave you? Would you have a back up plan providing you with the money you need when you need it?
It’s for this sole reason that when dealing with institutional lenders it’s always a good idea to keep options open. Knowing what else is available to you short term is a valuable tool.
You know what they say; ‘knowledge is power’. In this case knowing that Directline Finance can provide a temporary solution to your financial needs is a powerful tool. With this card up your sleeve you will never be left in the lurch. Providing you meet the criteria Directline Finance can have finance approved for you in minutes and settlement within 72 hours, allowing you to continue with the transaction as planned.
This is particularly useful in business when time is precious and waiting for finance is not an option. Once you have your short-term or bridging loan secured with Directline Finance you can seek finance from a traditional lender to pay out the short-term loan and get on with business.
For more information or to apply for a short-term loan contact our office today on 1300 851 816 or visit www.directlinefinance.com.au