Adviser Success Story: Ravi Kachalia

Over the past two years, COVID has impacted the lives of New Zealanders in a lot of ways – but what happens when it impacts your ability to get a loan?

Read how we helped Ravi’s customer gain loan approval after a tough year financially due to COVID.

What was the customer’s situation and how did Select help?

The client required lending for an investment property and also wanted to consolidate debt and receive cash out. The customer struggled to gain approval from mainstream lenders, due to recent financials being affected negatively by COVID.

The Select servicing criteria matched the customers needs, which meant the loan was approved under our Near Prime product.

What made this deal unique or challenging?

The large amount required for cash out and debt consolidation.

Tell us about your experience working with Select.

The turnaround time from assessment to approval is extremely quick – I was very impressed with this aspect of the deal.

Anything else you’d like us to know about the deal or your experience with Select?

The client’s solicitor said the loan instructions / requirements for settlement were clear and straightforward compared to other lenders.