Lending Guides

As a homeowner, you may be interested in adding value to your property. One way you may be able to do this is through renovation.

There are many pros to being your own boss. But when it comes to
applying for a loan, there are a few things you should know.

When purchasing property, you need to set aside additional funds to cover land transfer duty
(previously known as stamp duty).

An offset account is typically a type of bank account that’s linked to your home loan. You can deposit
your salary and savings into the account and the balance is then offset against the amount owing on your home loan.

Lenders Mortgage Insurance, or LMI, is designed to protect the lender, not the borrower, in
case the borrower defaults on their loan (i.e. can no longer make their repayments).

Home loan repayments are generally made up of two components: the principal (your loan
balance) and the interest (the amount you’re charged on the outstanding loan balance).
‘Interest only’ means you pay only the interest component on your loan for a selected
period of time.

A guarantor is someone who provides extra security by ‘guaranteeing’ a portion of a loan.
There are two types of guarantees; a security guarantee and a security and income guarantee.

A fixed rate loan allows you to lock your interest rate in for a period of time. This means that
your repayments will be the same for the fixed term you choose and you’ll be protected
against any interest rate increases during this period of time.

Is your home loan still as healthy as it was the day you settled. It could be time for a check
up.

The checklist for taking years off your mortgage
and having extra cash to spend each year.

Your current loan may no longer meet your needs
or you may want to take advantage of all-time low
rates and reduce your repayments. Refinancing
involves taking out a new loan to pay off your
existing loan.

If it has been a while since you last compared your home loan or if your fixed rate is due to
expire, it could be a good idea to consider your options. This could mean repricing with your
current lender (by negotiating your deal) or refinancing to a new lender.

When you buy a vacant block of land, there is a particular type of home loan that you can use. A land loan is usually taken out with an intent to eventually build a
house on the land but without a specified timeframe. This is how it differs from a house and land combined loan or construction loan.

We're dedicated to making the loan process as simple and quick
as possible for you. We take care of you at every step of the way!

Life is full of firsts.
First pet, bestie, car, kiss, job, mortgage - some easier
than others.
Do your first time right. Do your first home loan right.

Could you buy with just a 5% deposit?

Bridging the gap between buying and selling.

Will you buy before you sell or sell before you buy?
Relocation or bridging loans can help ease the transition from one home to the next (including
building a new home while living in your current one).

6 steps to prepare
for an auction.

Purchasing a car for the first time is exciting. With a few things to consider (that you might
not be aware of), leaning on the experts, to make the process even smoother.
We’ll help you understand the entire process.

If you’re self-employed or own a business with an aggregated annual turnover of less than
$10m, you can claim an immediate deduction on all eligible business assets with a purchase
value of $20,000 or less, as long as the assets are delivered and ready to use before 30th
June 2024.
*

With EOFY deals on utes, vans, trailers, trucks, machinery, equipment and more. We’ll
help your business unlock the right finance from a comprehensive panel of lenders.

If you feel you need to take a break from everyday life, the weather is looking
great or you simply just want to hit the open road, your dreams can become a
reality with a caravan.

At Allenda Finance, we put you in the driver’s seat when it comes to finding the right car
finance.
Whether you’re looking for a sports car, family car, first car or simply wanting to upgrade,
we understand that everyone’s situation is different. We do the legwork to get you the
results you need.

Buying a car is one of the biggest financial decisions most people make,
outside of a home. Whether you need a reliable vehicle for commuting, family
trips, or personal convenience, chances are you’ve considered a car loan to
make your purchase more attainable.

For those paying for something special, like a holiday, car or boat and
need a little help, a personal loan may be the option for you.

At Allenda Finance, we simplify finance, meaning we can help you get the right
finance for your vehicles, machinery, equipment and more. With access to the top
business lenders, we negotiate on your behalf