Frequently Asked Questions​

KonceptM Lending! offers a comprehensive range of financing services, including personal loans, home loans, business loans, car loans, and refinancing options.

The loan specialists at KonceptM Lending! have years of experience dealing in the Australian financing market. They possess a high level of expertise and knowledge in providing financing solutions to individuals and businesses.

KonceptM Lending! stands out by having loan specialists with backgrounds in accounting and business services. This unique combination allows us to better understand the financial needs of our clients and provide them with tailored solutions.

At KonceptM Lending!, we employ a comprehensive assessment process to determine the borrowing capacity of our clients. We consider several factors and criteria to ensure an accurate evaluation. Here are some specific elements we take into account during the assessment:

Income and Employment Stability: We analyze the client’s income sources, including salary, bonuses, commissions, or any other regular income. A stable employment history and consistent income play a significant role in determining borrowing capacity.

Debt-to-Income Ratio: We assess the client’s existing debts, such as loans, credit cards, and other financial obligations. By comparing their total debt payments to their income, we calculate the debt-to-income ratio, which helps us gauge their ability to take on additional debt.

Credit History: A strong credit history is crucial in assessing borrowing capacity. We review the client’s credit report to evaluate their repayment history, credit utilization, and any delinquencies or defaults. A positive credit history enhances the chances of obtaining a higher borrowing capacity.

Assets and Collateral: We consider the client’s assets, such as real estate properties, investments, or vehicles, that can be used as collateral. The value and liquidity of these assets can influence the borrowing capacity, as they provide security to the lender.

Financial Reserves: We evaluate the client’s savings and other liquid assets that can serve as a safety net during unexpected financial challenges. Adequate reserves demonstrate financial stability and increase the borrowing capacity.

Loan Purpose and Repayment Term: The purpose of the loan and the desired repayment term also affect the borrowing capacity assessment. Different loan types may have specific eligibility requirements, and longer repayment terms can impact the amount that can be borrowed.

Industry and Business Performance (for Business Loans): In the case of business loans, we consider factors such as the industry in which the business operates, its financial statements, profitability, cash flow, and growth potential. These factors help determine the borrowing capacity for businesses.

By meticulously evaluating these factors and criteria, Loan Space Finance aims to provide an accurate assessment of borrowing capacity for each client. This approach allows us to tailor loan solutions that align with their financial goals and capabilities.

Absolutely! KonceptM Lending! offers a range of specific strategies and services to create tax-effective business structures. Here are a few examples:

Trust Structuring: Our professionals can assist in setting up discretionary trusts, unit trusts, or hybrid trusts to help businesses minimize tax liabilities and distribute income effectively among beneficiaries.

Company Structuring: We provide guidance on structuring companies in a tax-efficient manner, taking into account factors such as shareholder agreements, dividend strategies, and capital gains tax considerations.

Self-Managed Superannuation Funds (SMSFs): KonceptM Lending! can help businesses establish and manage SMSFs, which can provide tax advantages for retirement planning and investment purposes.

Capital Gains Tax (CGT) Planning: Our experts can develop strategies to minimize CGT liabilities by utilizing various concessions, rollovers, and exemptions available under tax laws.

Fringe Benefits Tax (FBT) Optimization: We offer advice on structuring employee benefits and remuneration packages to minimize FBT obligations while still attracting and retaining talent.

International Tax Planning: For businesses with global operations, KonceptM Lending! can provide guidance on cross-border transactions, transfer pricing, and tax treaties to optimize tax outcomes.

Please note that these examples are intended to provide a general overview, and the specific strategies and services offered by Loan Space Finance may vary depending on individual circumstances and requirements. It’s always recommended to consult with our professionals to tailor the best tax-effective business structure for your specific needs.