Practice Questions
Question: Do you lend against residential and commercial real estate?
Answer: Yes, for the medical and dental profession we lend up to 90% WITHOUT Mortgage Insurance (stand alone)*. Also if you are using a converted residential property as your practice the maximum loan term on a principal and interest loan is 25 years.
Question: Am I able to borrow against the income generated from my practice?
Answer: Yes – even if you are buying or commencing a new practice we will be able to assist you.
Question: What is the best way to buy a car?
Answer: Cash is always the cheapest option – if you don’t have the cash it will depend on your personal circumstances – call 1800 622 620 or email enquiries@promedfinance.com.au
Question: Can I apply for an interest only loan?
Answer: Yes – depending on what you are using as security you can have an interest only loan for up to 15 years.
Question: What should I do if I have any other questions that have not been answered above?
Answer: Ring 1800 622 620 or email enquiries@promedfinance.com.au
