Bank finance fallen through? Notice to complete on your desk? We can fund your settlement in days and give you time to sort out what comes next.
An urgent settlement loan lets you complete your purchase on the contract date when the finance you were counting on is not ready. Maybe the bank approval stalled or was withdrawn, the valuation came in short, a notice to complete has been served, or the sale of your other property has not settled in time.
We give you indicative terms within 24 hours and work with your solicitor to settle, often within a week. The loan runs until your bank finance or sale comes through, then you repay it.
We lend Australia-wide, with most of our loans secured in metropolitan New South Wales, Victoria and Queensland.
Approval withdrawn or delayed with settlement days away and a deposit at risk.
The vendor has set a deadline and the penalty interest is running.
You are buying before you sell and the two dates do not line up.
We are not a replacement for your bank. We are the lender you use when the bank’s timeframe or template does not fit the situation, and the loan is written to hand you back to the bank when it does. Rates are indicative and subject to valuation, due diligence and formal approval.
| Feature | Verified Capital | A bank |
|---|---|---|
| Decision | Indicative terms within 24 hours | Weeks, often months |
| Assessed on | The property, the purpose and the exit | Financials, trading history and lending policy |
| Borrowers | SMEs, companies, trusts and investors | Consumers and businesses |
| Loan term | 1 to 24 months | Long term |
| Paperwork | Short, specific to the deal | Full application and ongoing covenants |
| Who you deal with | The people who assess, approve and fund | Relationship managers and a credit committee |
| Rates and fees | Every rate and fee set out upfront in the letter of offer | Lower rate if the business qualifies |
Tell us about the property, the amount you need, the purpose and how the loan will be repaid. Your broker can submit on your behalf.
If the scenario fits, we issue a letter of offer within 24 hours with every rate and fee set out upfront.
We instruct an independent valuation and complete our credit and title checks.
Our solicitors prepare the documents and we settle on your timeframe, then stay your point of contact through to repayment.
1st mortgageSettledBank approval withdrawn ten days before settlement over a valuation shortfall, with a notice to complete served and a $320,000 deposit at risk. We settled the purchase in six days. Repaid when the bank finance came through four months later.
Send us the details and we will come back to you within 24 hours.
Contact us