Is now the right time to fix in your interest rate on your Home Loan?

Posted by Norman Howe on 30-Jul-2018 11:43:11

 

There has been much talk in media recently around the recent spate of lending institutions increasing the home loan lending interest rates out of cycle, the main reasons for this being the cost of funding.

There is a prediction that due to increases in interest rates around the world that Australia will likely see increases in our own RBA rates.  What is unknown is the timing on this increase and how fast it will go up.

This uncertainly causes pause to consider your own home lending and review variable and fixed loan options.

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Topics: Azure Group News, Financial advisor, Lending, Wealth specialists, Wealth solutions, Home Loan, RBA, Mortgage, Buying home, Fixed interest, Interest rate, Variable interest rate

How to choose the right Bank for your Small Business

Posted by Azure Group on 06-Jul-2018 08:44:35

How to choose the right bank for your small business?

When you are first starting out in business you don’t know what you don’t know. There are so many decisions to make, and banking probably doesn’t seem like a big decision. You will probably go with who you have your personal banking with. But your banking choices can lay the financial foundations for your future financing opportunities. You should at the very least be looking for a bank that is supportive and reliable.

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Topics: Lending, Business banking, Small business loans, Business banking manager, Sydney Accountants, Business accounting

Loan Covenants: Client Relationships are Key

Posted by Azure Group on 07-Jun-2018 08:44:39

 

Business loans are unlike other private loans such as a mortgage or personal loan. They include a covenant which are terms set out by the lender. They are benchmarks or certain actions that the business must take on a regular basis to demonstrate that the business is profitable and give the bank confidence in their ability to continue to make repayments. #news

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Topics: Lending, Business banking, Small business loans, Business banking manager, Bank covenant, Business loans, Lower Credit Card rate, banking solutions

How do Banks compete with FinTech and other Lenders to keep their customers?

Posted by Azure Group on 30-May-2018 07:00:00

 

Once upon a time the only finance options were banks. Today, that isn’t the case, and there are a number of new financial technologies that are gaining traction in Australia. So are these new options better than traditional banking? In this article we explore the different options and help you unpack what the best choice is for you and your needs.

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Topics: Banking, Lending, Business banking, Small business loans, Business banking manager, Lenders, fintech, Bank, Westpac, CBA, ANZ, NAB

What keeps SME owners awake at night?

Posted by Azure Group on 21-May-2018 07:00:00

 

For SME owners this would be no surprise, but recent research identified cashflow and time management as the biggest pain points for SME’s. The research conducted by East & Partners on behalf of ASX listed working capital lender Scottish Pacific is part of their bi-annual SME Growth Index. They sought the views of 1,200 SMEs with turnovers ranging from $1 million to $20 million.

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Topics: SME, cashflow, Banking, Lending, Business banking, Small business loans, Business banking manager, Business loans

Is Changing Banks too Disruptive for Business? Pros & Cons

Posted by Norman Howe on 17-May-2018 08:39:51

 

Running a small business can be a lot of hard work. That’s why we’ve pulled together some tools, insights and banking solutions for you to help your business succeed. We understand how confusing banking can sometimes be, but there are some significant benefits to shopping around. People tend to stay with the same bank due to familiarity and the sheer enormity of changing and what that might entail. This means that when our bank adds little extra fees and charges we put up with it. But how much do those extra costs really affect us?

Lets have a look at the pros and cons of changing banks....

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Topics: SME, Lending, Business banking, Small business loans, Business banking manager, Business loans, Lower Credit Card rate, Online banking, banking solutions

How to turn your Bank Manager into a raving fan

Posted by Azure Group on 14-May-2018 07:00:00

 

With most of our banking online now we often forget that there are still people in a bank! There are still bank managers and relationship managers and they are critical to your financial success when it comes to your banking and finance needs. While computers do much of our assessments and banking, there is still a human element and having the right relationship with key banking people can make all the difference.

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Topics: SME, Lending, Business banking, Small business loans, Business banking manager

What to do if you are in danger of missing a Bank Covenant?

Posted by Azure Group on 08-May-2018 11:49:15

 

If you have ever had a bank loan or a line of credit then you have agreed to a bank covenant (It was in that mountain of paperwork that you signed, and read in detail). A covenant is a clause in the loan agreement that requires borrowers to do, or refrain from doing certain things. Before taking a loan from a bank you need to be confident that you can meet the financial goals in the projections that you provided to the bank.

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Topics: Lending, Business banking, Small business loans, Business banking manager, Bank covenant