Am I eligible for funding?
A stamp duty funding loan is a short-term finance solution designed to help cover the upfront cost of stamp duty when purchasing residential, commercial or investment property. These loans are typically available to individuals, couples, sole traders and businesses that meet the lender's eligibility and credit requirements. The loan enables purchasers to complete their property transaction without needing to use all of their available cash for stamp duty.
Whether you are buying your first investment property, expanding your business premises or purchasing through a company or trust, a stamp duty loan can provide the flexibility to preserve working capital or savings. Many borrowers use this type of finance to improve cash flow while completing their purchase, rather than delaying settlement or tying up funds that could be used elsewhere.
Stamp duty funding loans are generally structured as short-term facilities, with repayment periods commonly ranging from 12 to 48 months. Depending on the lender and the borrower's circumstances, repayments may be made monthly or the loan may be refinanced or repaid once longer-term finance or additional funds become available.
Eligibility is assessed based on factors such as the applicant's financial position, income, property security (where applicable), credit history and overall ability to repay the loan. Lending criteria vary between providers, so borrowers should seek professional advice to determine the most suitable funding solution for their individual circumstances.
