Frequently asked questions

Loan terms are generally between 6 to 12 months. Some loans may have an option to extend the loan subject to approval by the lenders and your due compliance with the terms of the loan.

Residential, commercial, industrial, and vacant land in Melbourne and its surrounding suburbs.

We provide loans with a maximum of 66% LVR for first mortgages and a maximum of 75% LVR for second mortgages.

Interest varies depending on the type of loan you have requested and the relative risk to the investors. Details of fees can be provided separately.

You can apply online or you can download our application form from our website and submit it to info@avano.com.au. Our staff are happy to answer any questions that you may have during the application process.

A Borrower can be individuals, companies, trusts, or Super Funds and the loan funds must be used for business or investment purposes. A Borrower must be the proprietor of Australian real estate which will be provided as security for the loan. The Borrower must also be able to meet all interest payments and have an exit strategy for the loan.

A construction loan must be a first mortgage. If you have a current mortgage over the property, we shall provide an initial advance to refinance and discharge your existing mortgage. Thereafter, we shall pay progress advances to the Builder upon completion of each stage of the build.