Caveat Loans

Short-term caveat loans are an emergency finance option available for borrowers with real
estate security. Loan terms range from between one to twelve months and interest rates vary
between lenders.

Caveat loans usually go through to settlement in less than three days from the time of
application and usually require no credit history check and no property valuation to be
completed.

A caveat loan is secured by the lender registering a caveatable interest over a property for the
amount of the loan. This is often “behind” a first mortgage. The first mortgagee would take
priority in the event of a default so this poses an increased risk for a caveat lender reflected in
a higher interest rate being charged. Interest for these short-term loans is charged monthly and
is capitalised into the loan.

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