|
|
you are here: Home >
Products > Lending FAQ
|
Lending FAQ
| Frequently Asked Questions - see also General
FAQ and Investment
FAQ |
Q: Can I borrow funds from
Victorian Securities and use my Debenture holdings with
the Company as security?
A: Yes. You can borrow an amount up to or equal to your Debenture holdings. |
Q: Does Victorian Securities
have personal loans available?
A: Victorian Securities can lend for any reason, provided the security available
for the loan is a registered mortgage over a Title to land in Australia or
secured against Debenture holdings. |
Q: Does Victorian Securities
have a redraw facility available for home loans?
A: Yes. Generally funds repaid over and above the scheduled requirement may
be redrawn for any purpose. Conditions may apply. |
Q: Direct Debits - can my repayments
be deducted from my Bank account?
A: Most statement-based Bank accounts can facilitate this option. Victorian
Securities do not usually charge any fees for this regular repayment method |
Q: Can we make our repayments
on a fortnightly basis?
A: Yes this is possible - payments are very flexible. |
Q: Can I repay my loan early?
A: Yes you may repay your loan as soon as you are able. |
Q: Are there any penalties
for early repayment?
A: Generally no penalties will apply depending on the type of loan you obtain
with us. |
Q: Can I make extra one off
payments into my loan?
A: Yes we class these as capital repayments and there are generally no penalties
for such repayments. |
|
|
|