Contact us
- 1300 617 520 (Option 2)
- finance@australianaviationfinance.com.au
- PO Box 3019, Norman Park QLD 4170
We're proactive
It’s very easy for a lender to say no or to put your deal into the “too hard” basket. In a lot of cases it’s not the asset the lender is backing but you as the business owner. We will pitch you and your business directly to the loan assessor.
We're on your side
We have no allegiance to any lender. What works for one person may not work for another. We’ll determine which lender is most likely to approve you loan application based on your personal or business circumstances.
Frequently Asked Questions:
You will need to have a 2 year ABN/ACN and provide full financials. Full financials mean company returns, personal returns and personal ATO notices of assessment. You may also need to provide updated ATO Portal statement showing your BAS statements are up to date and paid in full. Please contact our finance specialists to discuss in full.
2 recent payslips, an employment contract and ATO Portal statement will generally be all that’s required.
Very few lenders will use income from aircraft cross hire for loan servicing. It doesn’t mean you can’t cross hire the aircraft, it just means that you will need to be able to service the loan using your own income. To use cross hire income for loan servicing you would need to show two years financials for the aircraft, preferably from the Flight School or Charter company you will be cross hiring too. The lender will need to be satisfied that there is ongoing work for the aircraft and will request proof.
Our initial discussion will be around who you are, what you do and what type of asset would you like to fund. Initially we have a brief chat regarding the proposed scenario. If it looks like we can assist, we can then start the process of collection paperwork and obtaining finance quotes.
Apart from income verification we’ll need ID documents as well as evidence of assets and liabilities. If required, we may conduct a credit history check prior to submitting and application to a lender.
That depends on you. We cannot submit an application to a lender without the relevant paperwork. The sooner you supply the required info, the sooner you will have your approval. Our finance specialists will supply you with a tailored paperwork list.
Not necessarily but having one certainly helps. Lenders love to mitigate risk and one way of doing this is asking a borrower to put in some sort of deposit. As a rule lenders like to see 20% deposit. We are always happy to request a no deposit loan but be aware that is not always possible
If your finance is being secured by the aircraft you will need to supply certain documents after your finance has been approved but before the lender will fund the purchase. These may include, but not be limited to, copy of the most recent 100 hourly inspection. Copy of the insurance certificate. A bank statement showing the banking details of the person or entity selling the aircraft (This must match the seller details on the purchase agreement or sale contract).