Element of Security Bank Credit Managers Need to Consider
If the bank credit manager decides to extend credit to the customer, the choices available are to: Extend a line of unsecured credit. Extend a line of unsecured credit with endorsement or guarantee. Offer a loan secured by one or more assets. The Credit Manager can properly decide to grant unsecured credit only when a [...]
Types of Bank Lending Facilities
Today we look at the types of lending facilities that exist in most common banks. Overdraft (OD) An OD is a permanent line of credit (renewal at least annually) with a dollar limit to accommodate the ebbs and flows of a trading concern’s daily cash flow. Like all lines of credit, it is required to [...]
Types of Home Loans
Standard ‘principal and interest’ home loans Most people take out a standard home loan, where you make regular payments to cover the interest on the loan as well as the principal amount borrowed. This usually takes place over an agreed time, for example, 25 years. You can generally repay the loan in full at any [...]
Negative Gearing
Investment Property Financing Creating wealth through purchasing investment properties is a well established practice in Australia. This page outlines a brief guide to negative gearing and depreciation. This guide is not a complete reference to the Tax & Legal ramifications of negative gearing or depreciation. Accountants and solicitors are the only professionals qualified to give [...]