Second Mortgage Loans in Australia
Alternative financing solution
- Cash out your equity
- Easy qualify
- Decision in five minutes
- An alternative to banks
Second Mortgage Loans - Fact Sheet
Suitable For
- Start-ups
- Established business owner
- Commercial property investors
- Bad credit history
Pre-approval Time
- 1 hour to 2 hours
Settlement Time
- 3 days to 5 days
Loan Term
- 1 month - 36 months (including term extension)
Flexible Repayment
- We can design a repayment plan that fits your cash flow.
- This can be a periodical repayment (e.g. monthly), a lump sum payment or a combination of your choosing.
- To ease your commitment and allow maximum flexibility, a loan term extension may be available.
Indicative Loan Amount
- $10,000 to $100,000
Asset Eligibility Criteria
- Real estate property (mortgaged OK)
Financial Statement
- Optional
Dedicated Account Manager
- Yes
Tax Deductible
- Yes
Line of Credit
- Available
Interest Rate
- Our interest rate is as low as 1.50% per month.
- We are very confident that our rate is one of the lowest in the market, if you do find a lower rate, let us know, we will try to beat it.
Save Interest
- Pay-off loan early
- Extra repayments lower the balance
What is a second mortgage loan?
A second mortgage loan is an increasingly popular method of accessing additional capital. This type of funding allows the lender to register the second interest on an asset that is already secured. It is advantageous to business owners as it expands their financing options, allowing for choices that will suit their financial needs. Second mortgage loans provide the flexibility of refinancing your existing asset with another lender and can meet your short-term needs. Businesses requiring the loan for a short amount of time can repay the loan early and have the second mortgage interest removed.
Generally, a second mortgage is only available to those who have paid back a portion of their home loan. Most people choose to take out a second mortgage against their property because it is a quick loan solution, most suitable for those who require urgent cash.
$142,546,168
Funding Requested
We have assisted many Australian businesses with millions in funding.
8,596+
Businesses Funded
131
Industries Covered
Apply for 2nd mortgage loans from Max Funding.
If you’re looking for a second mortgage loan, Urgent Business Loans has the solution that is tailored to your business. Urgent Business Loans is a premier provider of financing solutions for businesses at different stages, big or small, and Urgent Business Loans understands the need for a reputable and reliable second mortgage lender.
Urgent Business Loans has funded thousands of small businesses Australia-wide through our easy and straight forward online application process. Even if your property has no equity, we can still consider. Our simple application only takes five minutes to complete – and, best of all, no credit checks are undertaken during this initial process.
Max Funding is your best private lender
Trying to get business funding from commercial banks can be a challenge, especially when you’re just starting out, so it’s better to go to a secondary mortgage lender you can trust. At Max Funding, we see you and your business differently, and we will consider bad credit histories because we focus on your current and future position, rather than something that occurred in the past.
With knowledge and many years of experience in the finance industry, Max Funding has assisted thousands of small and medium-sized enterprises with their financial issues. Apply for second mortgage loans from Max Funding as a borrower or a guarantor – the application process is fast, easy and secured.
You can borrow from $3,000 to $1,000,000. Unlike banks, our repayment schedules can be flexible to fit your business. There are fewer documents required for an application, and you will receive our pre-approval decision in just a few minutes. You can apply anytime, anywhere, and we will inform you by email or SMS.
Get your 2nd mortgage loans today.
If you’ve decided our second mortgage finance solution is right for you, start with our short pre-approval form. If this product isn’t right for you, we offer other solutions to assist your business financing needs, such as unsecured business loans.
Our intuitive system will provide you with a pre-approval decision within minutes, any time of the day. After you’ve been pre-approved, upload a few basic documents from your mobile or PC to verify your ownership and personal details. Once verification has been done and the contract is signed, funds can be released to your bank account.
With our fast and efficient process, you’ll never have to worry about finding the right business service provider. You can concentrate on your business needs, whilst our team of professional lenders takes care of your funding needs. If you have any questions, please feel free to contact us directly, and get your second mortgage loan today!
Business Loans - Frequently Asked Questions
Does pre-approval affect my credit history?
Not at all. We can assure you we don’t ever look at your credit history when submitting application for pre-approval. All information that you provide to us is confidential and not shared with anyone or 3rd party.
Can I get a business loan with a bad credit score?
We have been providing bad credit loans to small businesses for 18yrs and believe everyone should get a fair go. Let us know of your situation and discover the solutions we can offer.
Does personal bad credit affect my business loan?
Personal bad credit is not the end. We have catered our loan criteria to consider every application. We work with you to find a solution that works for you.
How can I repair my business credit history?
There are few ways to improve your business credit such as making payments on time, and keeping track of your credit records. We can definitely help with improving your credit score.
How long does it take to get approved?
You can get pre-approved in just 3 minutes with our smart system and a response within one hour during normal operating hours. You can choose to submit documents to speed up the verification process. Once signed contract is received and settlement condition fulfilled, the funds can be transferred to your account within 24 hours.
Am I qualified for a business loan?
If you are over 18 years, plan to open a business with ABN, chances are you are eligible for a business loan. We just require the funding to be used predominantly for business purposes.
What documents do I need?
Unlike traditional banks and lenders, we have made our application process hassle-free with minimal documents required. All you do is upload a few basic documents such as ID, asset documents (if applicable) and bank statements for verification. With our smart system, this can all be done with just your mobile phone. We’ll reach out if additional documentation is required.
Is it hard to get a business loan?
Not at all. For well established businesses, assets may not be required (unsecured business loan) as we consider the health of your business to determine credit worthiness. For new business loans and start up business loans, we generally require you to own a motor vehicle and/or real estate property and not part of any public debt agreement or bankruptcy.
Can two people get a loan together?
You certainly can and we generally encourage it. Applying with joint applicants can increase your chance of getting a loan and possibly increase your approval amount.
What are your interest rates?
Our interest rates are as low as 1.50% per month. We also don’t have any hidden costs and fees as we believe in transparency. Our loans are designed for small businesses like yours and do try to keep the rate as low as possible.
Can I pay off early?
You certainly can and we welcome it. There is no penalties or charges for early repayments. Instead, if you can pay off your loan earlier, you will save some interest.
Is interest paid on a business loan tax deductible?
Definitely. If the loan is used only for business purposes, all cost associated with a business loan are tax deductible.
Can I get a business loan as a self-employed?
If you are self-employed, our low doc business loan will be the solution for you. You can access funds with less paperwork, less waiting time and more flexible payment options to suit your needs and situations.
Can I get a business loan as a sole trade?
Absolutely! All you need to do is to fill out our 3 mins online application form. Once you get the pre-approval decision, simply provide some basic documents for verification.
What if I don’t have a business yet?
No problem! We offer start up business loans and new business loans solutions. If you can dream it, we can help you to achieve it.
We understand you and your business
With humble beginnings, we understand the struggles that small business owners are forced to endure. Helping Australian businesses grow is what we love to do. We do this through offering tailored solutions to businesses all over Australia.
We are the best alternative to banks.
Banks usually have long and difficult application with strict criteria. We provide an easy application process with pre-approval decision in less than 3 mins. What’s more, if you in a hurry, we are able transfer funds to you within the same-day if signed contract is received before 3pm AEST.
A more personal experience
Every business is different. At Max Funding, we offer different types of business loans tailored for different needs. Simply fill in our pre-approval form or contact us to find out how we can help you today.