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Credit Impaired Loans

What is a Credit Impaired Loan?

Many customers looking for finance choose Yes Finance for many reasons. One main reason they choose us, is because we can approve loans for them even if they have had credit issues in the past. These range of loans are designed to assist those borrowers who are credit impaired.

Loans of this sort enable our clients to be able to purchase or refinance security and possibly consolidate their previous debt's or outstanding defaults into one loan, and all at a lower interest rate. The level of impairment can range from arrears,paid or unpaid defaults and judgements or even a history of bankruptcy with interest rates dependant on the LVR.

Yes Finance can approve loans for applicants with up to 4 defaults(2 paid & 2 Unpaid) and with an LVR of up to 95% for a purchase or a refinance and either owner occupied or an investment.

Please take a look at our following product types:

 
Credit Impaired Chart
 
 
 

 
 
 
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