Operating since 1997 Austfin is a specialised financier providing equipment finance (chattel mortgage) and loans secured by second mortgages over real estate. In recent years the Group has also diversified into management of first mortgage property loans and is shortly to release a property trust investment product (See Property Trusts).

Austfin’s finance arm lends in the main to small businesses who do not meet the acceptance criteria of mainstream lenders:

	New ventures
	Finance of older equipment
	Borrowers with limited financial information or minor past credit issues
	Raising working capital against existing equipment

Austfin’s first mortgage loans offer an attractive alternative to property owners unable to meet bank lending criteria. For example this could include borrowers who have had difficulties meeting loan payments due to unforeseen personal or business issues. While those problems might now be behind them, the conduct of their existing loan prevents them obtaining refinance with mainstream lenders. Another example could be borrowers who are self-employed with inadequate evidence of income for a bank lender, but good history of loan repayments. All borrowers whose loans are subject to consumer legislation must meet Austfin’s serviceability test.

Backed by a first charge over the Company's assets, Austfin raises its funds for its equipment finance and business loans by way of public debenture issues. The Company has had several successful issues over the past 10 years offering interest rates that are amongst the highest yielding (as listed by research house CANNEX). For details of our current debenture issue click here.

Austfin holds an Australian Financial Services License to operated a contributory first mortgage fund - the AF&L Direct Mortgage Fund.  The Fund offers investors monthly returns of interest plus the comfort of knowing the particulars of the specific property backing their investment. Investors in the Fund could presently expect to earn 7.25% to 8.5% dependent on the mortgage invested in.