Property Location: Sunshine Coast, QLD
Loan Amount: $1.5M
Use of Funds: Relocation Bridging Loan
Scenario: John and Sandra were looking to relocate from their family home in Victoria, after finding their dream retirement property on the tropical Queensland Sunshine Coast. As self-employed retirees, a traditional mortgage was not an option.
Instead, they took out a 3-month interest-free Bridging Loan and purchased their dream home. As soon as their property in Victoria sold, John and Sandra paid off their 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