PSAL Limited
Call(07) 5532 3450 - short term cavent lenders
You the borrower or broker contact PSAL with an initial inquiry either by email, fax or phone call to discuss the general overview of your loan proposal, PSAL will normally respond immediately as to wether your proposal would be the type of loan it would take on and provide an estimate of costs, interest & legal’s etc via return email if required.
If you intend to apply for the loan, you will then download & complete the PSAL Loan Application form and PSAL Loan Application Checklist.
Once you have completed the loan application and provided to PSAL all of the support documents, PSAL will conduct its own research & due diligence on your proposal and issue a Letter of Offer to you with details of the loan, costs, rates, term & special conditions etc to you for your acceptance.
Once PSAL has received the correctly signed Letter of Offer by return fax or email, PSAL will complete its due diligence and issue solicitors instructions to prepare loan & mortgage documents which will be forwarded directly to yourself usually via email.
Upon receipt of the loan & mortgage documents, you or your solicitor will need to print them out, execute & return them to our solicitors; they will then check & certify the documents and advise that the loan is ready for settlement at which time settlement will then occur.
PSAL will normally send you a Notice of Loan Expiry outlining the loan expiry date, due amount for settlement, you will be asked to respond to PSAL re your expected ability to repay the loan on or by the due date.
It is at this time that if you are expecting to have a delay in meeting the payout of the loan on or by the due date that you should contact PSAL directly to discuss a loan extension or any other options you may require.
You will make arrangement yourself or through your solicitors to effect settlement of the loan on or before the loan due date with our solicitors, they will inturn provide a payout figure to you or your solicitors, and attend settlement with executed security withdrawal documents as required.