Author: Sal Cinque, CEO, TAG Finance & Loans
We hope you and your families are well and please know we are here to assist in all matters financial. As a consequence to the Australian Government’s measures to control the spread of COVID-19, many people are feeling the effects of reduced income. This is creating concern, particularly those with home and business loans.
The banks have been quick to respond and are providing relief in a number of ways. There is much media commentary about Repayment Pauses, unsecured loans to SMEs and other measures but little detail relating to eligibility, qualifying parameters, additional costs and potential consequences.
We encourage you to contact us if you have any questions, as we are well positioned to help guide you through the options and ensure you are best placed to secure your desired outcome. Listed below are the key areas we are here to assist you with:
- Loan Repayment Pause
- Negotiating a lower interest rate
- Restructuring your loan to Interest Only repayments
- Extending the term of your loan
- Refinancing your loan for additional funds
Wishing you, your families and colleagues good health and safety and please don’t hesitate to reach out if we can assist by calling 03 9886 0800 or emailing email@example.com.
Disclaimer: The information contained on this page is general in nature. Professional advice should be sought before acting on any aspect on this page. TAG Finance and Loans Pty Ltd ABN 25 609 906 863 Credit Representative Number 483873 National Mortgage Brokers Pty Ltd ABN 88 093 874 376 Australian Credit License 391209