PFG Mortgage Managers

PNG offers financial solutions for both the residential and commercial sector.

Their short-term loans are perfect for small business owners and self-employed people that would otherwise be denied a loan to purchase a home or expand their business opportunities.

They have been helping businesses expand since 2003 and want to help you achieve the dreams that you have for your business, they supply doc funding to help you make these dreams a reality.

Does your business qualify? 

You will qualify for a PNG business loan if your business has an ABN number and your business is a viable business. 

In some cases, they may ask for a copy of your tax returns or financial statements to prove that you will be able to afford the loan easily. 

Self-employed people are welcome to apply

• If your bank has denied you a loan, they might still be able to assist you with a secured or bad credit loan. Most people that are self-employed know how difficult it is to get a traditional loan from the bank and most of them are turned away they are there to help self-employed people follow their dreams.
• PFG is not a broker, they are a mortgage manager that has access to wholesale funding and they use this to pass the deals on to their clients. Their lenders appear on the top 100 Australian companies on the stock exchange and they have some of the lowest rates on the market.
• Your ABN number must be at least 6 months old, this will give you access of up to 80% of the value of your home. If your ABN number is more than 12 months old they could consider lending you up to 100% of the value of the asset.

Their low doc home loans are available for those people that are self-employed and have an ABN number that is for a viable business.

The ABN number should be at least 6 months old unless the client wishes to purchase a new business, in this case, an ABN number of 1 day will be sufficient in this case.

How much can you borrow?

They will lend you up to 80% of the value of your home or your investment property. If you have an ABN number that is more than 12 months old, and you want to use the loan for business purposes, then you could qualify for up to 100% of the value of your property.

Credit check

• They are a responsible lender and they run a credit check to ensure that you will be able to afford the loan and make the payments comfortably.
• If your credit score is bad you might still be granted a blacklisted loan depending on the individual circumstances in each case.
• If you need your loan refinanced, they will be able to assist you.

Does your accountant need to sign off on the low doc loan?

If your accountant won’t sign off the low doc loan, they will need a copy of your last 3 months bank statements so that they can check your turn over if everything is in order your accountant might not have to sign off on the loan.

Convert your low doc home loan into a full doc loan

It is possible to convert your low doc home loan into a full doc home loan they will need a copy of your last 2 years tax returns then they can assist you to convert your loan.