Frequently Asked Questions
If you have a question not listed here please contact us for more information.
Flexible Finance FAQs
Do you offer interest-only?
Yes. For short term property bridging finance and in specific circumstances during the life of commercial loans.
Do you provide seasonal funding solutions?
Yes, we appreciate that winter weather can halt work for
many contractors. Also, summer holidays can represent a gap in revenue generating opportunities for some.
Can we refinance existing debt with you?
Yes subject to all standard credit procedures being followed and deemed satisfactory.
Is there customer support over the term of my loan?
Always. The team at AFL encourages your call if you have a query with respect to payments or need additional finance.
Can I settle my loan earlier?
Prepayment of a loan is permitted subject to conditions.
How long will it take for my loan application to be approved?
We can commit to looking at an application and coming back to you the same day. Some applications can be approved the same day, if all information is provided quickly and the opportunity permits.
What is the security for my business’s loan?
Tangible securities, including property and vehicle + machinery assets.
What interest rates do you charge?
Interest rates reflect credit profile and the nature of asset security.
How long are the terms?
Loan terms generally run from 6 – 60 months.
Is there a minimum loan amount?
Commercial loans $10K asset+ $2,000
Is there a minimum age for applying for finance?
18 years old
What information needs to be provided to complete an application?
Standard AML requirements and other general information required includes:
- Drivers licence (both sides)
- Email address, mobile phone number
- Utility invoice verifying current residential address
- Last six months business bank statements
- Consent to run a company and personal credit check
Asset+ FAQs
Is there customer support over the term of my loan?
Always. The team at AFL encourage your call if you have a query with respect to payments or need additional finance.
Can I settle my asset+ loan earlier?
Prepayment of a loan is permitted subject to conditions.
How long will it take for my loan application to be approved?
We can make a credit decision the same day for the asset+ product when the requested information is provided.
What is the security for my asset+ loan?
Specific Security is to be taken over serial numbered equipment.
What interest rates do you charge?
Interest rates reflect credit profile and the nature of asset security.
How long are the terms?
Loan terms generally run from 6 – 60 months.
What loan amounts are within the asset+ product?
$2,000-$20,000. We fund typical ‘asset+ equipment’, such as machinery and IT equipment over $20k, though will require additional information of 6 months bank statements to support application.
Is there a minimum age for applying for finance?
18 years old.
What information needs to be provided to complete an asset+ application?
Standard AML requirements and other general information required includes:
- Drivers licence (both sides)
- Email address, mobile phone number
- Utility invoice verifying current residential address
- Consent to run a company and personal credit check