Yes, you can use your property to get a business loan.

  • It’s easier to get a business loan if you already own a property.
  • Get a home loan rate even if the loan is for business purposes (on a case by case basis).
  • Both commercial and residential properties are okay.

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What is a business equity loan?

A business equity loan is when you use a residential property as a guarantee that you will pay back your business loan. The benefit of doing this is that you may be able to borrow at a home loan rate which is lower than a commercial loan rate. This also reduces the risk to the lenders and increases the chances of getting approved.

How much can I borrow?

  • Borrow up to 100% of the property value if you use a residential property.
  • Borrow up to 80% of the property value if you use a commercial property.

You may also be able to use business assets such as trade debtors, equipment, etc. however this is with other types of finance.

What can I use this loan for?

  • Starting a new business.
  • Buying a business.
  • Expanding your business.
  • Buying commercial property.
  • Buying shares.
  • Other business purposes.

What if I have a home loan already?

Even if you already have a home loan you can still apply for a business equity loan as long as the business loan plus your home loan does not exceed the full property value.

For example, you have a home valued at $800,000 and have a home loan for $300,000. If your business is profitable and you can prove that the loan will be used for a sound business purpose then we can release $500,000 into the business as a business loan.

You can even set up two separate loan accounts so that you can keep track of your interest expenses for tax purposes.

Why do banks charge more for business loans?

Banks may charge more for business loans since a loan for starting a new business or buying an existing business is riskier to the bank compared to a standard home loan.

Business loans also require more work than home loans since it requires experienced credit managers and business bankers to be involved. Banks may also charge higher simply because there is less competition in the commercial finance market.

A good mortgage broker can usually get a lower rate for a business loan particularly if it is secured by a residential property.

We’ve lent more than $1 billion+ Australia-wide.

  • They walked us through the process step by step

    We would like to say thank you to Hank from Home Loan Experts for all his help in getting us a guarantor loan.

    We were really unsure if we would ever get an approval for a home loan, but Hank immediately knew the right lender to approach for our situation, and made the whole process simple…

    We would definitely recommend Home Loan Experts to anyone. Thanks again to Hank and the team from Home Loan Experts for making it possible for us to own our first home.

    Ianthe S & Jadobi l, Carina QLD

  • A very friendly, professional and helpful team

    The team was very friendly, professional, helpful and went out of their way to get the right loan that was suitable for us… I recommend this service for those who find it very hard to purchase a property going directly to a bank. Thank you Home Loan Experts, you have finally given my family and me the opportunity to own a beautiful home.

    Denise H, Epping VIC

  • A lot smoother and less stressful than having to deal with banks as an individual

    Our mortgage broker was very personable and made us feel like he went above and beyond to assist us in getting our home loan. He had a great knowledge of guarantor home loans which set our minds at ease. He was happy to answer any questions even outside business hours and responded in a professional and timely manner. As a second home buyer I would recommend going through the home loan experts as this process was a lot smoother and less stressful than having to deal with banks as an individual. I would especially recommend Hoa to others.

    Melissa H & Rhys B, Wynnum West QLD

  • Exceeded my expectations in terms of results

    Throughout the process I felt confident in knowing I could rely on you and at no stage did I ever feel that trust could be an issue with you. You have exceeded my expectations in terms of results and have done this with very short notice. You are an asset to your company and a role model to your profession… I already have and will continue to recommend your services to friends and family.

    Thomas M & Tanya W, Botany NSW

  • So easy to speak to no matter how stressful the situation

    We are both so grateful to Amine for all of his hard work and great advice over the past year! It’s been such a long journey… We are starting to settle into our new home in Trentham now. It is just so beautiful and relaxing! We really love it and are so happy with our purchase. Amine was right all along – things happen for a reason! Thank you Amine for always being there for us.

    Tanya & Andrew B, West Melbourne VIC

  • He even made a guarantor loan from our parents seem effortless!

    After the roller coaster ride of going cap in hand to the bank manager, only to be turned away… we found Tony. What a refreshing change! Within a 2 week time frame, we had approval and were able to follow the normal approval process to get the loan…. With Tony’s inside knowledge on how lenders think he was able to approach the bank with an excellent case and really put us in a great position in the lender’s eyes…. We recommend Tony and Home Loan Experts strongly and will be using them for our next purchase…

    Julie W & Luisa C, Waikiki WA

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