FAQ

We will lend a business owner from $20,000 to $500,000.   It just depends on how much you need, and how much equity you have in real estate security.

We will lend up to 75% of the property value, less any current 1^st mortgage.   EG:   If your property is worth $1,000,000, and you owe $250,000 to a bank, we will lend you $500,000 including interest and costs.

Our loans and the current bank loan total 75% of the property value

We can fund your business loan within 24 hours from the time you apply online.

You just need to have sufficient equity in REAL ESTATE security.  If you do, then you are almost certain to be approved.

We lend again both residential and commercial real estate, including vacant land.

We don’t do sworn property valuations, so no valuer will be knocking on the door of your property. We simply do our research online.   This is also why we can fund our business loans in 24 hours from the time you apply.

Very little.  We generally only require…

• A copy of a Rates Notices for the security property
• A copy of a recent mortgage statement (if applicable)
• A copy of photo ID for each borrower

HomeSec do not require any financial or cashflow records at all. As we are a Secured Business Lender, and as our loans are only for a short term, we don’t need to run a serviceability test on you or your business.

From 1 to 12 months.   For loans under 6 months, we can even capitalise the interest so you don’t have to make any payments for the term of the loan.

YES you can always extend the loan term, and NO we don’t charge any fees to do.  You simply pay interest monthly for as long as you need the loan.

YES.  With our short term business Bridging Loans, you get repay in full at any time.   Not only are there no early repayment penalties, you will also save on interest.   (Note:  This does not apply to our fixed 12 month Interest Only loans)

NO. Sole traders and Partnerships can also get a business loan from us. You just need to have a business, or are buying or starting a business. We can’t lend for personal uses.

YES!   At HomeSec, your credit score is irrelevant to us, so if you have had some issues in the past, that won’t affect your ability to get a loan with us.

We will lend to businesses located anywhere in New Zealand.