Property Location: Melbourne, VIC
Loan Amount: $3M
Use of Funds: New purchase
Scenario: Melbourne homeowner, Robert, sold his existing property and purchased a new home with settlement scheduled for the same day. Unfortunately, the buyer of his existing property requested a settlement extension, putting the purchase of his new home in jeopardy.
Within 48hrs of his online application, TechLend was able to provide Robert with the funds to cover 100% purchase price plus stamp duty, to settle on his new house. As soon as settlement on the original Melbourne property is complete, Robert will pay off his interest free bridging loan with TechLend.
TechLend’s fast, fair and simple financing options gave this customer:
- A fast and simple application process done within a matter of minutes
- Same day pre-approval with funding within 48hrs – no waiting around to receive the loan
- Digital platform to apply from anywhere – no visiting banks and waiting in lines
- Talk directly to the decision maker – skip the hassle of playing hot potato with mainstream lenders and speak directly with the person calling the shots