Loans
Kingsway seeks to provide borrowers with a non-bank finance option for all business and investment purposes.
All loans are secured by first registered mortgages over freehold or leasehold property situated within Australia, as a minimum. Loan amounts must not exceed the following loan to valuation ratios (LVR):
Residential property 75%
Commercial property 66.6%
Industrial property 66.6%
Rural property 66.6%
Vacant land 66.6%
Property for construction and development up to 66.6% of the 'On Completion' or 'Gross Realisable' value.
In determining the value of the relevant security, Kingsway obtains a valuation report from a professional valuer, at the borrowerĖs expense. When the borrower is a company, Kingsway normally seeks additional securities such as personal guarantees, fixed and floating charges over the company's assets, and/or undertakings from the borrower or other persons providing security.
Where loans are provided for construction and development, Kingsway also obtains a pre-commencement report from a quantity surveyor to confirm construction costs, at the borrower's expenses. Progressive draw-downs are then provided on a Cost to Complete basis and normally subject to independent certification from a quantity surveyor instructed by Kingsway, at the borrowerĖs expense.
Kingsway does not provide loans that fall within provisions of the Uniform Consumer Credit Code.
If you have a finance proposal for us to consider please complete our Loan Summary Form to allow us to make an initial assessment. Following the initial assessment we will contact you to discuss your requirements. Alternatively, please contact us on 1300 900 200 and speak with one of our experienced business development managers.
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Kingsway seeks to provide borrowers with a non-bank finance option for all business and investment purposes.
All loans are secured by first registered mortgages over freehold or leasehold property situated within Australia, as a minimum. Loan amounts must not exceed the following loan to valuation ratios (LVR):
In determining the value of the relevant security, Kingsway obtains a valuation report from a professional valuer, at the borrowerĖs expense. When the borrower is a company, Kingsway normally seeks additional securities such as personal guarantees, fixed and floating charges over the company's assets, and/or undertakings from the borrower or other persons providing security.
Where loans are provided for construction and development, Kingsway also obtains a pre-commencement report from a quantity surveyor to confirm construction costs, at the borrower's expenses. Progressive draw-downs are then provided on a Cost to Complete basis and normally subject to independent certification from a quantity surveyor instructed by Kingsway, at the borrowerĖs expense.
Kingsway does not provide loans that fall within provisions of the Uniform Consumer Credit Code.
If you have a finance proposal for us to consider please complete our Loan Summary Form to allow us to make an initial assessment. Following the initial assessment we will contact you to discuss your requirements. Alternatively, please contact us on 1300 900 200 and speak with one of our experienced business development managers.
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