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Lending and Leasing

Your Personalised Lending and Leasing Service

With so many loan and finance options on the market today, it's easy to be unsure what might be the best choice for you. Researching all the loan options available can be very time consuming. By doing the research for you, we are able to make this process much easier. We provide access to a range of lending and leasing products and take the time to understand your needs, and find a suitable lender and and loan for you.

Our team understands your business or personal finances. That is why it makes sense to speak to us about all your lending, leasing and asset finance needs. We have well established associations with a broad range of lenders. This allows us to evaluate the benefits of each product to assess if it suits your personal needs and those of your business.

Ongoing Reviews

As with any plan or strategy, borrowing money should never be a 'set and forget' situation and it is not suitable for everyone. Furthermore, your circumstances may have changed or maybe a new product has entered the market which is more suitable for you. Either way, periodically seeking professional advice and reviewing your loans is a great way to ensure that your finances are working as effectively for you as possible.

We offer a FREE Initial, No Obligation Consultation!

Contact us today for a no obligation and cost free, initial introduction to our services. This free introduction will help you decide whether the services we offer are right for your needs.# Read our client testimonials.



Equipment Finance and Leasing

Equipment Finance and Leasing are ways of purchasing equipment, machinery or other assets without having to pay the full amount upfront. You are essentially paying the asset off over time by way of a regular amount rather than all upfront. 

  • Almost anything can be financed including vehicles, computers, machinery and other types of equipment.
  • Applicants for a financed can be Companies, Individuals, Trusts, Partnerships, or Independent Traders.
  • We specialise in business finance where the asset will be used more than 50% of the time to earn assessable income.
  • We can also assist with personal finance applications including consumer car finance.

Making the decision to finance business equipment could have a noticeable effect on the success of the business, so it is a choice worth considering with an adviser – and even worth the time for established business owners to re-consider as well. We are ideally suited for business finance as we can combine both finance and taxation advice to ensure an optimal solution.

You can lease almost anything to do with your business. Here are some common examples:

 

Vehicles (New and Used)

  • Cars
  • 4WD's
  • Utes
  • Trucks
  • Buses

Office Equipment

  • Computers
  • Laptops
  • Photocopiers
  • Fax machines
  • Phone equipment

Farming Machinery

  • Tractors
  • Air seeders
  • Boom sprays
  • Harvesting equipment

Commercial Equipment

  • Cranes
  • Dump trucks
  • Bobcats
  • Excavators
  • Solar Power Systems

Equipment Finance Advice

Our team can assist you to:

  • Free-Up Capital: Why buy equipment and pay the entire cost upfront when it could take years to reach its full earning potential? We can organise leases with a tailored repayment structure
  • Avoid Inflation and Currency Movements: Fixed repayments/rentals allow you to purchase equipment at today's prices and precisely plan your future budget
  • Save Time and Money: Compare quotes (and ensure there are no hidden fees) and do all the paperwork for you so you can obtain finance within days
  • Pre-Approved Credit Limits Can Also Be Arranged: This is simply pre-arranged finance that enables you to effectively plan for your future finance needs so you can shop around for the asset you require with peace of mind
  • Maximise Your Depreciation and Tax Deductions: Look at your business's overall circumstances to structure a suitable equipment finance option
  • Claim Back GST on Your Next BAS: Claim back the GST on your assets quickly

Ridell Pty Ltd (ACN 062 778 670) ATF DHR Trust & T&V Pty Ltd (ACN 603 440 768) ATF OP Trust ABN 88 355 151 729 T/A Ridgway Financial Services is a Credit Representative (475874) of Finconnect.  Finconnect (Australia) Pty Ltd, ABN 45 122 896 477 Australian Credit Licence 385888, a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  Level 3E, Commonwealth Bank Place, 11 Harbour Street, Sydney NSW 2000.  P: 1300 665 676, F: 1300 457 703, E: info@finconnect.com.au   www.finconnect.com.au

Lending services are authorised by Finconnect (Australia) Pty Ltd ABN 45 122 896 477 Australian Credit Licence No. 385888 a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  

General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.  



Business and Commercial Loans

Business loans can be flexible and affordable. We take the time to understand your business and its needs and provide our professional advice.  We can recommend from a panel of lenders to provide simple, uncomplicated and competitively priced business loans.

Approved borrowers can gain access to fast finance for business investment at a lower cost than through most traditional sources.

Loans can provide finance for: 

  • New business investments;
  • Expansion and acquisition;
  • Obtaining working capital;
  • Restructuring of existing borrowing.

Our comprehensive service means we will:

  • Complete your loan application/banking package;
  • Deal directly with recommended lenders on your behalf; and
  • Provide an effective bridge in the delivery of personal service.

Security for the loan can either be residential or commercial property. There are no restrictions or fees on accelerated repayments (unless a loan is subject to fixed interest).

Fixed interest loans can usually be arranged from 1-5 years. Variable rate loans can generally be converted to fixed rates on one day's notice.

After discussing your options with our team, you'll receive tailored recommendations to suit your business and your future goals.

We provide a complete service covering all the paperwork, as well as driving the deal through when the finance is approved. So you'll save both time and money. Now that makes good business sense.


Ridell Pty Ltd (ACN 062 778 670) ATF DHR Trust & T&V Pty Ltd (ACN 603 440 768) ATF OP Trust ABN 88 355 151 729 T/A Ridgway Financial Services is a Credit Representative (475874) of Finconnect.  Finconnect (Australia) Pty Ltd, ABN 45 122 896 477 Australian Credit Licence 385888, a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  Level 3E, Commonwealth Bank Place, 11 Harbour Street, Sydney NSW 2000.  P: 1300 665 676, F: 1300 457 703, E: info@finconnect.com.au   www.finconnect.com.au

Lending services are authorised by Finconnect (Australia) Pty Ltd ABN 45 122 896 477 Australian Credit Licence No. 385888 a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  

General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.  


 



Home and Investment Loans

Buying your first home is one of (if not) the biggest financial commitments you will ever make. Stay well informed of what is involved so you don't make any rash decisions.

The right advice can save thousands of dollars off your loan and help you own your home sooner! Whether you need a home or investment loan, we have access to a range lenders who can offer competitive quotes and products to meet your needs.

Home Loans

Key Considerations

There are some factors that everybody should consider when purchasing a property.

Can you afford to buy a house?

A credit provider must ensure you can afford to repay a loan without suffering undue financial hardship before lending you any money. The total amount that you can borrow is determined by three factors: 

  1. The value of the property you intend to purchase; and
  2. The funds you use towards the purchase; and
  3. Your borrowing capacity or "serviceability". Serviceability is your ability to meet loan repayments, and will depend on your income and existing financial commitments. You will need to provide evidence of a continuous stable income.

You Must Have a Budget!

Budgeting your income carefully and understanding your spending habits will help you make regular loan repayments and own your home that much sooner!

Tips to Pay Off Your Home Loan Faster

  1. Select a home loan that meets your needs. While the rate is important, it is more important to have an appropriate level of flexibility and function.
  2. Pay off as much as you can, as often as you can.
  3. Avoid loans that penalise you for making extra repayments.
  4. Avoid 'honeymoon' loans that revert to a higher rate after the 'honeymoon' period is over.
  5. Avoid loans with high exit costs.
  6. Deal with reputable organisations.

Fixed or Variable Interest?

This really depends on your current financial situation. Our team can help you select a loan suited to your needs.

There are advantages and disadvantages of choosing fixed and variable interest loans, and they are assessed on a per client basis.

We can help you select either a: 

  • Fixed interest loan;
  • Variable interest loan; or a
  • Split loan comprising of part-fixed/part-variable interest.

Remember however, that if you elect to split your loan into part fixed/part variable, make sure you don't incur two monthly loan maintenance fees instead of one.

Hidden Home Loan Costs

There are many costs associated with taking out a home loan, which don't relate to the price of the property.

These Hidden Costs Include: 

  • Lenders' fees, including loan application and establishment fees;
  • Government charges including stamp duty on property purchase and mortgage, and title fees;
  • Legal expenses; and
  • Inspection costs.

And can cost you thousands!

Home Insurance Tips

Lender's Mortgage Insurance

If you can't repay your loan, the lender repossesses your house and sells it to repay the loan. If the sale of your house doesn't cover what you've borrowed and an amount is still owed, lenders mortgage insurance will cover the gap. Lender's mortgage insurance covers the lender, not you!

If you need to borrow more than 80 percent of the total value of your property, most lenders will require you to pay Lender's mortgage insurance. It is usually charged as a one-off premium payment. The higher the percentage borrowed, the higher the Lender's mortgage insurance premium will be.

Home and Contents Insurance

Home and contents insurance protects you from loss or damage to your home or possessions. The cost of insuring your home depends on many things, including the structure, the location and the existing security (security doors, alarm etc).

Home insurance covers the building only - not the land. Contents insurance covers your possessions listed in the policy.

If you have a mortgage on a property, building insurance is compulsory. Contents insurance is not compulsory, although it is generally a good idea and should be reviewed each year as you purchase new contents for your home.

Refinancing Home and Investment Loans

As your life progresses your situation changes rapidly and your requirements for home and investment loans can alter dramatically. Similarly, don't assume that just because your loan was once competitive, it still is. Interest rates change and different types of loans are always entering the market. We can review your current loans to ensure you still have the right product/s for your needs. We will: 

  • Assess your current interest rate;
  • Assess your repayment level; and
  • Assess your financial situation to determine whether a better deal can be sourced, saving your money and helping you pay off your loan faster.

Ridell Pty Ltd (ACN 062 778 670) ATF DHR Trust & T&V Pty Ltd (ACN 603 440 768) ATF OP Trust ABN 88 355 151 729 T/A Ridgway Financial Services is a Credit Representative (475874) of Finconnect.  Finconnect (Australia) Pty Ltd, ABN 45 122 896 477 Australian Credit Licence 385888, a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  Level 3E, Commonwealth Bank Place, 11 Harbour Street, Sydney NSW 2000.  P: 1300 665 676, F: 1300 457 703, E: info@finconnect.com.au   www.finconnect.com.au

Lending services are authorised by Finconnect (Australia) Pty Ltd ABN 45 122 896 477 Australian Credit Licence No. 385888 a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.  

General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.  



Get in contact

  • Toowoomba Office

    Office: 
    101 Neil Street, Toowoomba, QLD, 4350
    Get Directions
    Postal: 
    PO Box 2232, Toowoomba, QLD, 4350

    Telephone: (07) 4688 9111
    Fax: (07) 4688 9199
    Email: info@ridgwayaccounting.com.au