Access funds on demand
Many schemes find themselves in situations where “out of the ordinary” events can leave the scheme in a cash flow crunch. This could be anything from a larger than usual legal bill, an excessive municipal bill due to a leaking water pipe or even the uncomfortable transition period between the financial year end and the AGM date, where budgets are formally approved.
Propell provides a REVOLVING credit facility to Bodies Corporate
- Competitive interest rate
- Immediate access to funding
- Unlimited withdrawal frequency
- Minimum monthly repayment
- No setup, monthly or annual fees
- Flexible monthly repayment terms
- Flexible settlement & participation for individual owners
- No early settlement penalties
Immediate access to funds allows trustees to quickly address a scheme’s pressing needs. By allowing the scheme to access the facility as and when required, ensures that the scheme is prepared for any unwanted events.
The facility is reviewed annually and the Body Corporate is only charged a withdrawal fee, when funds are paid by Propell. As security, Propell takes security cession of the income of a Body Corporate.
No surety is required from any owner or trustee.
Complete the form below to apply, or click here to print a quote for your scheme.