Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

General Finance Releases Bridging Finance Product


General Finance Releases Bridging Finance Product

General Finance Limited announced today the release of a Bridging Finance product priced at regular interest rates.

"This product is particularly suitable for property borrowers requiring short-term accommodation" said Mr Lockie, "it is useful for funding short term property trading activity, developments, or where borrowers have bought before they have sold".

The General Finance Bridging Finance product is an advance secured over residential property at loan to value ratios up to 90%. Interest rate pricing is the same as for Regular General Finance loans with a No Financials option available. Fees are slightly higher than normal, given the shorter term.

The ability to capitalise interest will be available, depending on circumstance and LVR.

Normal servicing criteria will apply.

Full product details and a term sheet are available at http://www.general.co.nz/help.htm

General Finance Limited is a home loan company specialising in residential and residential investment lending.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.