Due to the rapid ever growing advancements in industries like IT for example, it just does not make sense in purchasing an item today if it is obsolete in a few months time. This is why many clever individuals and businesses are the taking the option to Hire Purchase their IT, motor vehicle and office equipment. This assures them of always having the best solutions for their needs at all times.
At Otelta we are proud to offer our simple and straightforward
approach to Hire Purchase items,
From 1 to 7 year agreements available.
Simply click on the links below to apply or to find out more.
Hire Purchase Lease
Individual loans
With the Hire Purchase Lease system, you are granted immediate possession and/or use of the equipment in exchange for making regular payments over an agreed term. During this period of repayment, ownership of the product or property remains with Otelta, however when the final payment is made, ownership is automatically transferred to you. We can structure your payment plan to accommodate your financial circumstances and a deposit may also be made before the commencement of the hire purchase. This type of loan can be used to buy a number of items, including:
- IT Equipment
- Business Equipment
- Property
- Business.
Business and corporate loans
Don’t let the expense of your product or service cost your business the sales you deserve. With Otelta's B2C Finance package, you can offer your customers the opportunity to buy your product or service now, whilst deferring the payment on the purchase.
Unlike other hire purchase or rent services, at Otelta we outlay the total amount of the product or service immediately, so you can secure the sale hassle-free. No more chasing customers for outstanding payments and bills. You can then make the loan repayments on a term that suits you.
How it works
As soon as your application for the Otelta B2C Finance package has been accepted, you will receive the easy-to-fill application forms and relevant information for your store. Your clients can fill in the application form at the store, which can then be faxed to us for approval. For immediate approval, simply contact 1300 OTELTA and an Otelta customer service representative will process the application.
Applicable industries include medical, IT, automotive, home furnishings, business equipment, telecommunications & more.
To apply for OTELTA B2C FINANCE simply CLICK HERE
Fee Mulcher
The Fee Mulcher feature can be added to any home loan product to help
with those surprise fees such as Stamp Duty, Transfers, Solicitors, & Mortgage Insurance premiums, where selected.
How Does It Work?
Many of you may believe we have a suitable deposit or even No Deposit and therefore have been yet to believe we can purchase a property. As discover it’s not that simple!
We see 100% Loans but are they? Soon we discover there is Un-capitalized LMI in the product or upfront service fees from 80% LVR and of course all the stamp duty and government and legal fees on top.
So why is the Fee Mulcher so terrific?
> We will pay for all upfront fees for all Full Doc loans up to 100% LVR
> Helps to reduce your LVR % – Therefore, reducing your LMI premium
And overall equity and interest rate.
> You don’t have pay the huge fees up font and in most cases over $15,000
> Most lenders will not Capitalise LMI. At Otelta We DO!
> 99% of lenders will not offer any solution or pay for those Government fees
and legal fees. At Otelta We DO!
> Fees can be delay or paid off of a certain period.
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