Example: This comparison rate is based on $3600 over 12 months. These are secured and unsecured loans, so lender might ask for security as well.
The minimum loan term is 12 months and maximum loan term is 24 months or more.
Personal Loans $5K - $50K
Term: 12 Months - 5 Years or more.
Rates: Interest rate: 14.2% p.a.*
Comparison Rate:14.65% p.a.
Example: Loan Amount of $50,000 over 5 years repayable. A monthly $1,190.60 Repayment at a maximum of 14.64% p.a. Comparison Rate.
These are secured loans, so lender might ask for security as well. The minimum loan term is 12 months and maximum loan term is 5 years or more.
Disclaimer:
These are estimated rates only and a comparison rate based on the example information provided. Other fees, costs and charges are not included.
This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria
are captured and verified. The interest rate for this product is variable and subject to change.
Are you a homeowner looking for a smart and flexible way to finance your dreams? Whether you want to renovate your home, consolidate debts, invest in education, or pursue any other significant goals, a Loan Buddy Equity Loan could be the key to making them a reality.
Introducing Equity Loan: What is it?
An Equity Loan, also known as a home equity loan or a second mortgage, is a powerful financial tool that allows you to borrow against the equity you’ve built in your home. Unlike a traditional mortgage, an Equity Loan is a separate loan on to of your existing mortgage, giving you access to funds based on the difference between your home’s current market value and the outstanding balance of your mortgage.
Over the years, as you make mortgage payments and your home’s value appreciates, you accumulate equity. Equity is the portion of your home that you truly own, and it can be a valuable asset. By tapping into this equity, you can secure a loan at a favourable interest rate and use the funds for various purposes. It’s like turning your home into a financial resource without having to sell it.
The Benefits of an Equity Loan: What Sets it Apart?
1. Lower Interest Rates:: Equity Loans often come with lower interest rates compared to personal loans and credit card, making them a cost-effective borrowing option.
2. Tax Deductible: In many cases, the interest paid on an Equity Loan may be tax-deductible, leading to potential tax savings (consult with your tax advisor for more information).
3. Flexible Use of Funds: With an Equity Loan, you have the flexibility to use the funds for a wide range of purposes, from home improvements to debt consolidation or funding major life events.
4. Easy Approval Process: Since an Equity Loan is secured by your home’s equity, lenders are more likely to offer favourable terms and a straightforward approval process.
5. Longer Repayment Terms: Enjoy extended repayment periods, allowing you to manage your finances with lower monthly payments.
6. Quick Access to Funds:Once approved, you can access the funds quickly, enabling you to seize opportunities or tackle urgent financial needs.
When to Consider an Equity Loan: Common Scenarios
1. Home Improvements: Enhance the comfort and value of your home by using an Equity Loan to renovate, remodel, or add extra space. Whether you want to create a dream kitchen, update your bathrooms, or build that cozy home office you’ve always wanted, an Equity Loan can provide the funds you need to make your home truly your own.
2. Debt Consolidation: Simplify your finances by consolidating high-interest debts into a single, more manageable monthly payment. With an Equity Loan, you can take control of your outstanding debts, reduce your overall interest burden, and work towards becoming debt-free sooner.
3. Education: Invest in your future or your children’s education by using the funds to cover tuition fees and related expenses. Whether it’s pursuing a higher degree or supporting your child’s academic journey, an Equity Loan can open doors to a brighter future.
4. Emergency Expenses: Life can be unpredictable, and unexpected expenses can arise when you least expect them. An Equity Loan can serve as a safety net during challenging times, providing you with the financial cushion you need to handle medical bills, home repairs, or other unforeseen emergencies.
4. Investment Opportunities: Use your home equity as a steppingstone for investment ventures that have the potential for long-term returns. Whether you’re looking to start a new business, invest in the stock market, or venture into real estate, an Equity Loan can be a strategic financing solution to help you achieve your investment goals.
Why Choose Loan Buddy: The Equity Loan Experts?
When it comes to leveraging your home’s equity, trust the Loan Buddy experts who have been assisting homeowners for finding best equity offers. We understand that your home is not just a place to live but also a valuable financial asset. Our team of dedicated professionals is here to guide you through every step of the Equity Loan process, ensuring you get the best terms that suit your needs.
1. Personalised Solutions: We recognise that each homeowner’s situation is unique. Our experts will work closely with you to understand your goals and tailor a loan solution that fits your specific needs. Whether you have excellent credit or have faced financial challenges in the past, we believe that everyone deserves a chance to unlock the potential of their home’s equity.
2. Transparent Process: We believe in transparency and keeping you informed throughout the loan application and approval process. No hidden fees or surprises. Loan Buddy will provide you with a clear breakdown of all associated costs, terms, and conditions so that you can make informed decisions.
3. Competitive Rates: Our extensive network of lending partners allows us to offer highly competitive interest rates and favourable terms. We understand that affordability is essential, and our team works diligently to find the most competitive rates available.
4. Customer Satisfaction: Our success lies in the satisfaction of our customers. We take pride in providing exceptional service and support to ensure a smooth and positive experience. Our customer-centric approach means that we prioritise your needs and work tirelessly to exceed your expectations.
Why Choose Loan Buddy: The Equity Loan Experts?
Ready to unlock the value of your home and achieve your dreams? Loan Buddy’s team of Equity Loan experts is just a phone call away. Reach out to us today for a free consultation and let us help you take the step towards financial freedom and success.
Don’t wait any longer; seize the opportunities that your home’s equity has to offer. Contact Loan Buddy now and let’s embark on this exciting journey together. Your dreams are within reach with a Loan Buddy Equity Loan! Let us be your trusted partner in turning your homeownership into a source of financial empowerment and fulfillment. Get started today!
