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Our award-winning mortgage brokers will find you the right home loan for your situation.
How difficult is it to refinance a business loan?
Business loans aren’t regulated by the National Consumer Credit Protection (NCCP) act. While this means that lenders are generally more flexible with their policies, they still prefer low risk borrowers.
Lenders will usually want to see:
- Proof of your business income.
- A well researched business plan.
- A clean credit file.
- Copies of your loan statements for the last six months (some lenders may not ask for this).
- A good repayment history (some lenders may accept up to two missed payments).
Why should I refinance my business loan?
There are many benefits to refinancing your business loan such as:
- You can get a more competitive interest rate: Banks tend to have lower rates for new customers. You can also refinance to another bank if the other bank has better rates.
- You can consolidate your debts: Up to five different debt facilities can be consolidated into your mortgage.
- You can get access to equity: You can refinance a business loan to access equity from your property to use as extra working capital or for investment purposes.
- You can get extra loan features: You may be able to get additional loan features such as an offset account.
- You may be able to get tax benefits: It may be possible to take advantage of negative gearing and depreciation benefits (please speak with a tax professional about this first).
When should I consider refinancing?
You may want to think about refinancing your business loan if:
- You are planning to renovate your commercial property or business equipment.
- You feel your business loan is no longer working for you.
- You want to reduce your overall mortgage repayments.
- You need funds to invest.
- Your fixed rate term has ended.
- You want to consolidate your debts.
- You plan to keep your business long enough to recover from the cost of refinancing.
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