The PRWIRE Press Releases http:// 2017-03-21T20:30:00Z MEDIA RELEASE: Moneytree Completes a JPY 1 Billion Funding Series B Funding Round 2017-03-21T20:30:00Z media-release-moneytree-completes-a-jpy-1-billion-funding-series-b-funding-round-2 MEDIA RELEASE 22 March 2017 Moneytree Completes a JPY 1 Billion Funding Series B Funding Round: SBI Investment and major regional banks join mega bank-affiliated venture  capital firms and a leading UK asset management company as investors Moneytree KK (Shibuya, Tokyo) has completed a Series B funding round that will drive its further expansion in the rapidly developing global fintech industry, including entering the Australian market within the coming months. The development paves the way for unprecedented connectivity across the financial services sector with Moneytree providing tools and services that enable individuals and businesses to aggregate and control all their financial data in a single place.  Moneytree will use the funding to add functionality to its popular personal finance management app, as well as to invest in deepening the capabilities of its Moneytree LINK platform (https://link.moneytree.jp) that connects financial institutions and customers through a permission-based data-sharing platform.  Moneytree CEO Paul Chapman said: “We are accelerating Moneytree’s growth to deliver seamless access to Japan’s financial services. In coming months, we will expand beyond the Japanese market and become a regional player, working for positive change, and cementing a position as the most trusted financial data portability platform.” Funds were raised from SBI Investment Co., Ltd., Fukuoka Technology Partners Co., Ltd., Hiroshima Venture Capital Co., Ltd., Senshu Ikeda Capital Company Ltd., and noted British asset management company Baillie Gifford & Co., as well as reinvestment from Series A round investors Mizuho Capital Co., Ltd., SMBC Venture Capital Co., Ltd., and salesforce.com, inc. The total amount raised exceeds JPY 1 billion. SBI Investment Co., Ltd. led the round.  The participation of British asset management company Baillie Gifford & Co. signals a significant step forward in Moneytree’s plans for overseas expansion.  Moneytree LINK has secured over twenty customer and partner companies since 2015. Japanese ‘mega banks’ Mizuho Bank Ltd and Sumitomo Mitsui Banking Corporation have adopted Moneytree LINK, with leading regional bank Senshu Ikeda also on the platform.  Moneytree LINK powers solutions from ten accounting software providers, making it the number one platform in the Japanese accounting industry. Moneytree will increase headcount across the organisation, including Development, Platform, Sales, Marketing and back office.  Mr. Chapman added: “As the fintech market expands rapidly, Moneytree remains focused on our core values of security, privacy, and transparency. As a platform, we will continue to maintain neutrality with regards to partner type, vertical, and even size.” -ends- About Moneytree Moneytree KK was founded in 2012 in Japan with the mission of bringing consumers, small businesses, and banks closer together. The Moneytree mobile app, introduced in 2013, allows users to automatically manage their bank accounts, credit cards, electronic money, mileage, points, and securities all together in one place on mobile and desktop. The app was awarded Apple’s App Store “Best of” in 2013 and 2014.  In 2015, Moneytree launched Moneytree LINK, a service that connects financial institutions and customers through a permission-based data sharing platform. It is aimed at creating value in the fields of accounting, finance, real estate rent management, automobile maintenance, expense settlements, invoice issuance, and asset management.  That same year, Moneytree received an unprecedented round of simultaneous investment by the venture capital arms of all three Japanese mega banks. Moneytree was also chosen by IBM as its first official Fintech API partner, and selected for MasterCard’s Start Path accelerator program.  Please address media inquiries to: AUSTRALIA Eric Robledo Honner TEL: +61 02 8248 3739 E-mail: eric@honner.com.au     JAPAN Kaori Kitakata Moneytree KK Communications Officer TEL: +81 03-4588-0621  E-mail: press@moneytree.jp URL: https://moneytree.jp MEDIA RELEASE 22 March 2017 Moneytree Completes a JPY 1 Billion Funding Series B Funding Round: SBI Investment and major regional banks join mega bank-affiliated venture  capital firms and a leading UK asset management company as investors Moneytree KK (Shibuya, Tokyo) has completed a Series B funding round that will drive its further expansion in the rapidly developing global fintech industry, including entering the Australian market within the coming months. The development paves the way for unprecedented connectivity across the financial services sector with Moneytree providing tools and services that enable individuals and businesses to aggregate and control all their financial data in a single place.  Moneytree will use the funding to add functionality to its popular personal finance management app, as well as to invest in deepening the capabilities of its Moneytree LINK platform (https://link.moneytree.jp) that connects financial institutions and customers through a permission-based data-sharing platform.  Moneytree CEO Paul Chapman said: “We are accelerating Moneytree’s growth to deliver seamless access to Japan’s financial services. In coming months, we will expand beyond the Japanese market and become a regional player, working for positive change, and cementing a position as the most trusted financial data portability platform.” Funds were raised from SBI Investment Co., Ltd., Fukuoka Technology Partners Co., Ltd., Hiroshima Venture Capital Co., Ltd., Senshu Ikeda Capital Company Ltd., and noted British asset management company Baillie Gifford & Co., as well as reinvestment from Series A round investors Mizuho Capital Co., Ltd., SMBC Venture Capital Co., Ltd., and salesforce.com, inc. The total amount raised exceeds JPY 1 billion. SBI Investment Co., Ltd. led the round.  The participation of British asset management company Baillie Gifford & Co. signals a significant step forward in Moneytree’s plans for overseas expansion.  Moneytree LINK has secured over twenty customer and partner companies since 2015. Japanese ‘mega banks’ Mizuho Bank Ltd and Sumitomo Mitsui Banking Corporation have adopted Moneytree LINK, with leading regional bank Senshu Ikeda also on the platform.  Moneytree LINK powers solutions from ten accounting software providers, making it the number one platform in the Japanese accounting industry. Moneytree will increase headcount across the organisation, including Development, Platform, Sales, Marketing and back office.  Mr. Chapman added: “As the fintech market expands rapidly, Moneytree remains focused on our core values of security, privacy, and transparency. As a platform, we will continue to maintain neutrality with regards to partner type, vertical, and even size.” -ends- About Moneytree Moneytree KK was founded in 2012 in Japan with the mission of bringing consumers, small businesses, and banks closer together. The Moneytree mobile app, introduced in 2013, allows users to automatically manage their bank accounts, credit cards, electronic money, mileage, points, and securities all together in one place on mobile and desktop. The app was awarded Apple’s App Store “Best of” in 2013 and 2014.  In 2015, Moneytree launched Moneytree LINK, a service that connects financial institutions and customers through a permission-based data sharing platform. It is aimed at creating value in the fields of accounting, finance, real estate rent management, automobile maintenance, expense settlements, invoice issuance, and asset management.  That same year, Moneytree received an unprecedented round of simultaneous investment by the venture capital arms of all three Japanese mega banks. Moneytree was also chosen by IBM as its first official Fintech API partner, and selected for MasterCard’s Start Path accelerator program.  Please address media inquiries to: AUSTRALIA Eric Robledo Honner TEL: +61 02 8248 3739 E-mail: eric@honner.com.au     JAPAN Kaori Kitakata Moneytree KK Communications Officer TEL: +81 03-4588-0621  E-mail: press@moneytree.jp URL: https://moneytree.jp   Convenience of Secured Signing gives Yes Finance the Competitive Edge 2017-02-13T20:27:13Z convenience-of-secured-signing-gives-yes-finance-the-competitive-edge Feb 14, 2017 - At 20 years young, Yes Finance continue to innovate, embedding Secured Signing's online digital signature capabilities into their loan management system to enable their customers to sign loan documents with a few clicks on their smartphone from the work site or the store. The solution is quicker and easier for staff and removes the execution errors inherent in asking customers to sign paper.   "Secured Signing is a huge step up in our ability to effectively and efficiently transact business wherever the customer happens to be." observes Peter Steel, Managing Director of Yes Finance. "With people leading such busy lives and the variability of working hours in the modern world, online signing allows a husband and wife to quickly and easily execute the loan document at different locations without needing to find time to come into our office."   In a market with a much broader base of competitors, convenience is a key differentiator. Asking a small business operator to come into an office to sign loan documents is worth thousands of dollars in lost productivity and is not convenient. Asking your customer to print documents sent by email, sign and post the signed documents back, is not convenient. With Secured Signing, an earthmoving owner operator can sign loan documents for new equipment on their phone with a few clicks without leaving site. An owner driver can finalise the finance for a new truck at a rest stop on the drive home from picking up the new vehicle. A couple can be looking at a new couch in store and have the finance to pay for it before leaving the store.   If you are working with the right solution for signing online, it will deliver convenience and reduced risk. "Every person who signs with Secured Signing uses a personal, PKI based digital signature", says Mike Eyal, Managing Director of Secured Signing. "Public Key Infrastructure (PKI) technology has been proven to be the only technology available today that ensures non-forgeable signatures. In addition, we can include online identity verification into the signing process to marry convenience and speed of transaction with an improved confidence you know your customer."   The Yes Finance solution makes extensive use of the Secured Signing API, embedding e-signature capabilities into the loan management system their staff are already familiar with. "What we aimed to achieve with Secured Signing is quite sophisticated and our demands of the API were high reflecting the diverse nature of our business. Working with Mike and his team is a great marriage and they delivered what we needed.  It's an ongoing process with some exciting new capabilities we are looking forward to in coming months." said Mr Steel   About Yes Finance Yes Finance have been in business for coming up to 20 years, making them one of the oldest privately owned finance companies in New Zealand.  They are an alternative to the rigid approach of the banks, providing customer focussed solutions for commercial and personal finance. They are based in Auckland and operate nationally. To learn more about Yes Finance, visit www.yesfinance.co.nz   About Secured Signing Secured Signing provides a comprehensive and secure SaaS digital signature service that delivers a full range of form completion and eSigning capabilities combining advanced personalised X509 PKI Digital Signature technology with easy-to-use, simple-to-deploy, compliant solutions. Secured Signing enables its users to utilise smartphones, PCs, any tablet device and any browser, to capture their graphical signature, fill-in, sign, seal and verify documents anywhere, anytime. The solution streamlines business processes, cuts back on expenses, expedites delivery cycles, improves staff efficiency and enhances customer service in a green environment. To learn more about Secured Signing, visit www.securedsigning.com Alternative asset growth supports Blue Sky’s 130 per cent profit surge 2017-02-09T21:50:08Z alternative-asset-growth-supports-blue-sky-s-130-per-cent-profit-surge Blue Sky Alternative Investments (ASX: BLA) today announced its results for the half year ending 31 December 2016, reporting a significant rise in revenue, profitability, cash flow, margins and fee-earning assets under management (AUM). Highlights include: underlying net profit after tax (NPAT) for 1H FY17 up 130 per cent to $10.1 million (1H FY16: $4.4 million); underlying EBITDA margins for 1H FY17 expanding to 41 per cent (1H FY16: 28 per cent) underlying income for the period up 53 per cent to $36.4 million (1H FY16: $23.8 million); and net operating cash flow for 1H FY17 up 200 per cent to $9.3 million (1H FY16: $3.1 million). The company maintained it was on track to deliver underlying NPAT of $24 to $26 million in FY17, representing approximately 50 per cent growth on FY16. Blue Sky’s fee-earning AUM at 31 December 2016 was $2.7 billion, with the company adding $1 billion in the last twelve months. The fund manager saw a significant rise in investments from Australian and overseas institutional investors, from 25 per cent to 37 per cent of its fee-earning AUM during the period – a trend that has continued in 2017 with Blue Sky announcing a new significant mandate in January. Fee-earning AUM is expected to be between $3.1 and $3.3 billion by 30 June 2017. The company confirmed it was on track to meet or exceed its longer-term target of $5 billion by 30 June 2019. The alternative asset manager outperformed market benchmarks in each of its asset classes – private equity and venture capital, private real estate, real assets and hedge funds – delivering investment performance of 16.4 per cent per annum net of fees since its inception more than ten years ago. Blue Sky reported a robust balance sheet with net tangible assets of $134 million including a net cash position of $52.1 million. The strength of Blue Sky’s balance sheet has become a key strategic asset for the business attracting and investing alongside institutional investors, seeding new ventures, and moving quickly to secure new investment opportunities. Blue Sky managing director Robert Shand said the company’s strong financial performance came down to three key drivers: the mainstreaming of alternatives, the company’s compelling ten-year track record and institutional backing. “We have returned 16.4 per cent per annum net of fees over ten years to investors, and have won the endorsement of major institutions,” Mr Shand said. “Long-term trends have seen investors increase their allocation to alternatives and we are benefiting from the same structural tailwinds as global alternative asset managers such as Blackstone and Partners Group.[1] “While we have done well to grow to $2.7 billion in fee-earning AUM in our first ten years, we have barely scratched the surface. Australia’s funds management industry has $2.8 trillion under management, and with alternatives forecast to be our largest asset class in the next decade, the opportunity in front of us is enormous.” [2] A McKinsey & Company report noted growth in alternative investments continued to outstrip that of traditional assets. “The alts boom is likely to be one of the richest asset management growth opportunities in the years to come,” the international report states.[3] Closer to home, Australia’s Future Fund allocates nearly 40 per cent of its portfolios to alternatives.[4] “We continue to […] seek out and access pockets of opportunity particularly in our private market and alternatives programs,” Future Fund managing director David Neal said.[5] ABS data shows that over the last decade, the value of listed equities has treaded water, increasing from $1.66 trillion to just $1.69 trillion. Over the same period, the value of unlisted equities has increased by almost 50 per cent, from $1.96 trillion to $2.95 trillion. The size of unlisted equities in Australia today is approximately 74 per cent more than listed equities. [6] “What investors have experienced in Australia over the last decade is that growth in private markets has far outstripped growth in public markets. As a business that has specialised in investing in private markets, we are uniquely positioned to capitalise on this growth,” Mr Shand concluded. ENDS Note to editor Blue Sky Alternative Investments Limited (Blue Sky) (ASX:BLA) is a leading diversified alternative investment asset manager. Blue Sky was listed on the Australian Securities Exchange in January 2012 and is the only listed fund manager in Australia focused on a diversified portfolio of alternative assets. Established in 2006, Blue Sky has generated strong returns uncorrelated with Australian listed equity markets. Blue Sky has offices in Brisbane, Sydney, Melbourne, Adelaide and New York, a team of more than 80 and a broad investor base including institutional, wholesale and retail clients. Alternative assets include direct investment in private equity, real estate, infrastructure, hedge funds and other real assets. For real-time company announcements, investment opportunities and investment performance, download the Blue Sky Fingerprint app from the App Store or Google Play. www.blueskyfunds.com.au For more information please contact: Miette Lelievre | 0431 854 878 | mlelievre@agencynorth.com.au Celia Brightwell | 0423 949 727 | cbrightwell@agencynorth.com.au [1] From 2007 to 2016, Partners Group AUM has grown from EUR12.6 to EUR49.1 billion (1H 2016 interim report) and Blackstone from US$83.2 to US$277.1 billion (FY2009 report & FY2016 report) [2] Rainmaker Roundup Volume 20 Number 3 Sep Quarter 2016 [3] McKinsey & Company, Thriving in the New Abnormal - North American Asset Management, Nov 16 [4] Future Fund, Portfolio Update at 31 Dec 16 [5] Future Fund, Portfolio Update at 30 Jun 16 [6]Australian Bureau of Statistics, National Accounts; Finance and Wealth Sep 2016 Data Series Millennials encouraged to take action on their wealth goals 2017-02-09T03:40:31Z millennials-encouraged-to-take-action-on-their-wealth-goals Millennials concerned about housing affordability need to take urgent action on their financial future, according to Gen Y property adviser Nidal Rasheed. Nidal is Managing Director of Silvertail Property Group and said Millennials were not the entitled generation but were living in an era where it was harder than ever to own a home and “things don’t look like they’re getting easier”. “We’re the ones who have to carry the debt for previous generations and I don’t believe our retirement will be same. However, we need to stop putting off decisions and act,” he says. “What we find with a lot of younger investors is: they wait for someone to inspire them to make a decision about investing. “Often a Millennial might hear success stories like ‘the 21-year-old who has bought seven properties’ and be inspired by that. They take a few steps into some financial planning, but the minute it gets hard, many of them give up. “Younger buyers and first home owners can in fact have some advantages other property investors because they may be eligible for a 97% loan and a grant from government for construction. They may also receive stamp duty concession. “This means they need very little money out-of-pocket to get into their first home which in many cases could serve as a stepping stone to bigger and better opportunities later in life.” Nidal says younger investors could stick to a five-point plan: 1.       Become aware of your current financial position and be accountable to your financial future – “there’s no point trying to blame society or the Baby Boomers or the government, you need to take charge,” Nidal says. 2.       Decide how you want to improve your situation – do you want to work longer hours, set up an online business, invest in shares, invest in property? “If you haven’t mentally committed to some action, it’s never going to hold any weight”. 3.       Seek advice – find some professionals that have done what you want to do; or find a mentor or coach to guide you. “You could begin by meeting a financial adviser or accountant to start pointing you in the right direction”. 4.       Act – when an opportunity presents itself, take it. “Apply for that finance pre-approval, make an offer on a property, buy some shares.” 5.       Evaluate – this is where a lot of investors fail; they make a decision but if their investment plan doesn’t immediately work out, they give up. “If it’s not working as expected, you need to rejig your plan. It’s also vital to have the right expectations and understand there’s no such thing as overnight riches especially when it comes to property – it’s a long-term strategy,” Nidal says.   Debt Negotiation Website Launched to Reduce and Consolidate Monthly Repayments for Property Owners in the New Year 2017-01-16T23:23:32Z debt-negotiation-website-launched-to-reduce-and-consolidate-monthly-repayments-for-property-owners-in-the-new-year Sydney, NSW, Australia - January 15, 2017 - Just in time for the new year, Debt-Negotiation.com.au launches to give homeowners a new lease on their financial lives.  Standing between creditors and those who find themselves with a bevy of unsecured debt, the new website is the personification of just what its name implies.  It gives clients access to experienced debt negotiators with a knack for hammering out a deal for a beneficial debt consolidation mortgage.  Launched as a one-stop-shop for contacting creditors directly, and significantly reducing unsecured debt, Debt Negotiation will process the new mortgage and manage the disbursements of the reduced payout figures at the settlement of the mortgage refinance.    Providing Australian lending only, the company's fees are based on how much their pros save their clients on Debt Negotiation Services.  Due at the time of the new mortgage settlement, the debt consolidation loans create a win/win.  Homeowners benefit by lower monthly repayments and unsecured lenders, who may not have received payment otherwise, are paid.  Offering both debt consolidation and debt reduction, Debt Negotiation may also stall any legal action that may be under way.  Sasha Anitei, General Manager of Debt Negotiation, said of the launch, “Now that Christmas and New Year are over it may be time to regain control of your finances by having your unsecured debts consolidated into your home loan with access cash flow directed to paying down your Mortgage. Our calculator page has handy tools on preparing a budget and savings that can be made by making extra monthly repayments or lump sum repayments into your Mortgage.”   For more information about our services visit www.debt-negotiation.com.au Use these tips to get a great new car deal this summer. 2017-01-04T04:01:23Z use-these-tips-to-get-a-great-new-car-deal-this-summer Summer is a great time to buy a new car. Manufacturers are running great deals to clear last years stock and you might have some more time on your hands thanks to the holidays. Navigating so many deals and offers can be confusing so we’ve put together some tips to help you get the best deal.   Research, Research, Research. Then Negotiate, Negotiate, Negotiate. Getting the best deal is going to require some research. Compare prices, deals, makes, models and trim levels. This can all be done from the comfort of home using online tools and websites. The car market is a competitive market and where there is competition, there is bargaining power. Always get more than one quote and play dealers off one another. Dealers just want to sell cars and get their numbers up, so push hard for the best deal.   There Is More to The Deal Than the Price There is an old idiom that if it’s too good to be true then it probably is. A prime example of this is manufacturers 0% finance deals. Manufactures offer 0% finance to get buyers interested, however there is often a price to pay elsewhere. Often this is on the price of the vehicle, and undervalued trade-in, through lock-in servicing contracts or contract fees. Read our article on the harsh reality of 0% finance here. When considering a car finance deal, don’t just look at the repayment, make sure you’re comparing apples with apples or oranges with oranges. You can read more about what makes a car loan cheap here.   Get A Pre-Approval Before Shopping Getting pre-approved for finance before setting foot in the dealership buys you bargaining power and reduces your risk of getting caught out on a bad finance deal. Buying a car is an exciting and emotional experience and some dealers play on this to lock you in to an application for finance after choosing a car. A pre-approval allows you to shop like a cash buyer and focus on getting the best price and options for your car.   Know What Your Trade-In Is Worth Dealers will always offer you less than market value on your trade in. It is one of the main ways they make money on a deal. If they can get a low price on the trade, it increases their margin when they sell it at retail. It is unrealistic to expect a retail price on a trade-in, however it pays to know the true trade-in value before you go to the dealership. Redbook.com.au is a great tool for checking your cars current trade-in value.   Read the Small Print Car ads, car deals and car contracts are full of disclaimers and car salesmen are not known to be the most honest members of our community. Don’t get caught out and miss out on the deal you are after. Some ads or deals will exclude certain options, require you pay full price for the vehicle or include hidden fees such as on road costs. Do your due diligence and read the small print.   Be Very Wary of Aftermarket Add-Ons Let’s get one thing straight; you do no need paint protection. Manufacturers don’t make cars that are incomplete are require paint protection. Window tinting is great; however, it is always cheaper to get this done from a third party. Extended warranties can be valuable; however, we recommend an insurance warranty and not a contract warranty. Contract warranties are issued by the dealership and require you to get the vehicle serviced at their dealership. An insurance warranty on the other hand provides the same (if not greater) protection and allows you to get the vehicle serviced at your choice of qualified and acceptable mechanics.   Hopefully these tips allow you to make the most of the new year car deals and offers. Do your research, dot your I’s and cross your T’s and happy car hunting. For more advice or to arrange your car finance, call Revolution on 1300 882 851. Our Most Commonly Asked Questions & Why They Are Asked. 2016-11-30T05:21:29Z our-most-commonly-asked-questions-amp-why-they-are-asked In the financial services industry, there is a lot of different information available to consumers. Unfortunately, this information varies a great deal depending on its source.  Many providers of financial services such as car finance will tell a client what they want them to hear and will often avoid the truth at all costs. At Revolution Finance, we feel this is not only unfair and morally unacceptable, it also reduces the trust consumers have in our industry. With this in mind, we want to set the record straight and provide our clients with the most accurate and up to date information we can. Below is a list of our most commonly asked questions and the honest answers. What is the interest rate? This question gets asked a lot and for obvious reasons. People want to know how much the loan is going to cost them and the interest rate plays a significant role in determining this. Given the importance of the interest rate, clients should not need to ask this question though. It should be one of the first things your consultant discusses with you. Unfortunately, many providers of car loans avoid discussing interest rate in order to increase their commission (by selling a higher rate) or to simply have the client use their product, despite it not being competitive. Car dealerships love avoiding the rate discussion and will try and sell a ‘repayment’. Whilst comparing repayments is a great way to ensure you are getting the best deal, it is vital to ensure you are comparing apples with apples (such as loan term, fees and balloon payments).   What effect will the application have on my credit rating? Regardless of what any other provider tells you, a car loan application will have a negative impact on your credit file. The impact will be minor and if it is only one application it will not have a negative influence on your ability to obtain credit in the future. The only time a car loan application becomes significantly negative is if your consultant carelessly submits multiple applications to multiple lenders. This will result in numerous credit enquiries and the combination of these enquiries in a short period of time will be detrimental to your credit rating. The moral of the story is to ensure your broker, consultant or lender only submits one application to one lender. If a new application is required (which can happen), the consultant must get your approval prior to submission.   What are the establishment fees? Establishment fees will vary from lender to lender and from provider to provider. There are a few things to look out for here however. When using a broker or car dealership, an ‘origination’ fee will almost always be charged in addition to the lenders establishment fee. This origination fee will vary from $250 to $1,000 and is typically financed into the loan. At Revolution, we almost always include a fee for our services and this will be disclosed to you. All our quotes and pre-approvals are inclusive of our origination fee. Be mindful of this fee when dealing with finance providers as some will quote without this fee included.   What next? This question covers a vast range of misconceptions or mistruths in the financial services industry. Once pre-approved, clients often want to know what happens next and what the timeline looks like until the process is finalised. There are a few important things to look out for her. First, many brokers and dealers will put a time constraint on your approval. For example, they may tell you your approval expires in 14 days in order to create some urgency and get you to make a buying decision. Whilst some lenders will give an expiry for pre-approval, it is rarely 14 days and it is always easy to reinstate the pre-approval provided your circumstances don’t change. If a broker or dealer tries to rush you, they do not have your best interests in mind. Second, clients often ask what happens next because their consultant fails to educate them on the process. Your broker should be upfront and honest about what you need to do and what they will take care of. Get realistic timeframes from your consultant and hold them to it – it’s the least you deserve!   Give Revolution a Shot At Revolution Finance we want to change the way clients are treated and change public perceptions while doing so. We believe in providing an honest, affordable and reliable service to our clients and would welcome the opportunity to help you out. Give us a call today on 1300 882 851 or submit an enquiry online today. What exactly is a cheap car loan? 2016-11-22T02:39:56Z what-exactly-is-a-cheap-car-loan When we receive enquiries for vehicle finance the first, and most common, question we receive is how cheap is it? With this in mind, we have put together an article on what makes a car loan cheap and what to look out for when financing your car. Interest Rate First and foremost is the interest rate. An interest rate is the amount of interest due per period and is paid as a proportion of the amount borrowed. The higher the interest rate, the more interest you will pay and therefore the more expensive your car loan will be. Interest rates are typically allocated by the lender based on your personal circumstances. Things that can affect your interest rate include; home ownership status, credit history, age of the car you are purchasing and loan to value ratio. Speak with one of our car loan brokers for more information and advice on keeping your interest rate low. Fees There can be a plethora of fees when applying for a car loan and these can have a significant impact on the total cost of your loan. Let’s take a look at the potential fees involved and what to look out for. Lender Establishment Fee The lender establishment fee is charged by the bank or financial institution your loan is set up with. Establishment fees in Australia typically range from $150 - $400 and are almost always financed into the loan. It goes without saying that the lower the establishment fee, the better. Ongoing Account Keeping Fee The ongoing account keeping fee is a fee that can have a significant impact on the total cost of your loan. These fees will vary from $5 per month to $20 per month. A five-year loan with an account keeping fee of $20 per month will increase the cost of the loan by $1,200. As you can see, it pays to look for a loan with a low account keeping fee. Early Termination Fee Some lenders will charge you a fee for exiting a loan contract before its maturity. If you don’t intend of paying the loan our early, this fee is of little consequence to you. If you at least want the option to pay out early, it pays to confirm what the early termination fees are. Most lenders will charge a ‘pro rata’ fee that reduces as the maturity date draws nearer. For example, Bank XYZ has an early termination fee of $680. Over a five-year loan, this equates to $11.33 per month remaining on the contract. Therefore, if you terminate the contract with 12 months remaining, your early termination fee will be $135.96. Other Fees The above provides a solid outline of the main fees to look out for when applying for auto finance. There are however, some less obvious fees to look out for also. Keep an eye out for direct debit or BPay fees, late payment fees & default fees also. Loan Structure The loan structure can have a significant impact on the total cost of your loan. Here is what to look out for. Loan Term Whilst a longer term loan (such as seven years) might look appealing on face value, given the repayments will be lower, it is important to note that an extended term will result in your paying more interest over the life of the loan. If you have the capacity to do so, keep loan terms under five years. Somewhere between three to five years is considered the sweet spot. Balloon Payment A balloon payment or residual value is a lump sum owed to the financier at the end of the loan term, after all regular repayments have been made. A balloon allows you to repay only part of the principal sum over its term, reducing your monthly repayments in exchange for owing the lender a lump sum at the end of the loan term. Balloons are useful tools to keep repayments down and manage cash flows, however they can also increase the cost of loan. Some lenders will charge an interest rate premium when a balloon payment is applied, increasing the amount of interest you will pay. It is also important to note that plans must be made to deal with the residual value at the loans maturity. Balloons can be refinanced or paid out in full or the vehicle can be traded in when upgrading to a new car. Cheap Car Loans At Revolution Finance, we pride ourselves on offering the lowest cost car loans available on the market. We are constantly on the lookout for the best deal for our clients and our number one priority is cheap, affordable financial solutions. Our initial consultation is always free so give us a call today on 1300 882 851 or submit an enquiry online now. All systems go at South Hill Armidale play space 2016-11-20T22:52:40Z all-systems-go-at-south-hill-armidale-play-space Regional Australia Bank, a proud supporter of the South Hill Armidale Play Space, is pleased to report that works have started on the highly anticipated project with completion now set for December 2016. The project, which is the brain-child of the Armidale District Netball Association, started six years ago, however it wasn’t until the project was posted on Regional Australia Bank’s ‘Heart of our Community’ website that it gained genuine traction. “We started this journey back in 2010, when we identified as part of our strategic plan, a need for a safe and secure play space for children, close to the netball courts,” said Rochelle Joyce, Armidale District Netball Association. “By 2013 a change in priorities saw us focus on the play space a little more and that’s when we decided to launch our plans and post it on the ‘Heart of our Community' website and then just like that, the project took off and we raised $125,000 in just under 12 months.” The idea behind the project was to make it easy for women to get back into or engage in sport and physical activity after having children so Rochelle says it’s great to see this vision finally taking shape. The Play Space will feature state of the art equipment including a 3.5 metre climbing cube, a fort, a birds nest swing, two spinners and an embankment slide. It will also offer children a sensory experience with textured plants, a nature area and a fully fenced pathway linking the netball courts to the play space. Kevin Dupé, CEO, Regional Australia Bank said: “The construction of the South Hill Armidale Play Space is wonderful news that will no doubt be welcomed by the entire community and we are pleased to see progress being made as a result of our contribution.” Mr Dupé added “It’s particularly rewarding for us as a Bank because one of the best things about our ‘Heart of our Community’ initiative is that there is no eligibility criteria for applying. You simply post your project, idea, or event and garner community support for it. The more votes, the higher the project ranks in that community, it’s as simple as that.” Regional Australia Bank is proud to have helped many wonderful community ideas come to life thanks to its ‘Heart of our Community’ initiative. Community members who are interested in the park’s progress should contact Armidale Regional Council or the Armidale District Netball Association. - Ends - Media enquiries: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Apple Pay coming to Credit Union SA's customers 2016-11-15T06:57:52Z apple-pay-coming-to-credit-union-sa-s-customers ADELAIDE, South Australia — Credit Union SA, a member owned financial institution, today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code. “We are excited to add Apple Pay to Credit Union SA’s growing digital offering and continue our focus on providing our members with the very best and secure digital services,” says Grant Strawbridge, Credit Union SA, Chief Executive Officer. Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro. For more information on Apple Pay, visit: http://www.apple.com/apple-pay/ About Credit Union SA Credit Union SA is South Australia’s third largest credit union, with six branches, over $915 million in assets and around 49,000 members. Credit Union SA Ltd ABN 36 087 651 232 AFSL/Australian Credit Licence 241066, Credit Union SA Centre, Level 3, 400 King William Street, Adelaide SA 5000. GPO Box 699 Adelaide SA 5001. Go to https://www.creditunionsa.com.au/ to find out more.   Beyond Bank Australia 2016-11-14T22:29:13Z beyond-bank-australia Apple Pay Coming to Beyond Bank Australia Customers Offering an Easy, Secure & Private Way to Pay   ADELAIDE, South Australia  — Beyond Bank Australia today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. “We have a keen ear to the ground on what our customers want and Apple Pay has undoubtedly been the most requested product for Beyond Bank in recent times,” said Nick May, General Manager Customer Experience, Beyond Bank. Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or on Apple servers.    Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device.   Each transaction is authorised with a one-time unique dynamic security code. “While providing our customers with new innovative ways to perform their transactions is paramount to the launch of Apple Pay so too is the safety and security of our members’ money,” said Mr May. Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.  Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.   For more information on Apple Pay, visit: http://www.apple.com/apple-pay/     About BEYOND BANK AUSTRALIA With almost 200,000 customers and assets under management in excess of $4.76 billion, Beyond Bank Australia is one of the nation's largest 100% customer-owned financial institutions. It operates branches across South Australia, Western Australia, the Riverina region, the Hunter Valley and the ACT, and provides personal and business banking services along with financial planning. It works closely with community groups to ‘create good together’, supporting charitable organisations and initiatives through fundraising, donations and actively helping volunteering within the community.   As a customer-owned bank, Beyond Bank is 100% owned by their customers, and use their profits to benefit their customers and the community.  This allows Beyond Bank to offer benefits and rewards, such as competitive lending & investment rates, lower fees & charges, and financially support the community.   In 2016 Beyond Bank Australia was recognised by CANSTAR at their annual banking awards receiving the following recognition, Customer-Owned Institution of the Year – Online Banking and Customer-Owned Institution of the Year – Mobile Banking.  Beyond Bank also received the Roy Morgan’s Best in Customer Satisfaction award, and the Best Rate Savings Account – Junior Savings Club and the award for Balance Transfer Credit Card – Low Rate at the Mozo Experts Choice Awards.  In 2015 the bank received Money magazine’s Best of the Best award for their Low Rate Visa Credit Card, AB+F’s Mutual of the Year, CANSTAR’s Customer-Owned Online Bank of the Year and CANSTAR’s Mutual of the Year First Home Buyers award SA & WA.             www.beyondbank.com.au   Further media information contact:  Georgina McGuinness – georgina@mcguinnessmedia.com.au or 0488 247 777 Cheryl Taylor – ctaylor@beyondbank.com.au or 0400  5 Questions To Ask Before Buying A Car 2016-11-11T04:45:35Z 5-questions-to-ask-before-buying-a-car The decision to buy a new car may seem unimportant compared to buying a house, but the requisite due diligence is much the same. A poor decision in the bargaining process could lead to years of extra debt, while a hurried selection could reduce the resale price. Fundamentally, it comes down to the questions you ask at the start, which should include the following. Does it meet my requirements and expectations? Before you get started, it’s sensible to come up with a checklist of exactly what you’re looking for in a car. New or second hand? Prestige or budget? Compact or family? What model? Following this, narrow down further and ask whether it has the right ANCAP rating and green rating, and has a clean and well reported maintenance history if it is second hand. Do I know anyone with this car? An authentic reviewer will tell you what the car dealer or private seller won’t. Peruse your network to see if anyone you know has the car you intend to buy and ask them for the pros and cons. You can also look on sites like reddit or reputable automotive and motoring sites for reviews of makes and models. How much will it cost to run? Underestimating the price of running your new car is a treacherous mistake from a budgeting point of view. Find out how much it costs to service (get quotes from several mechanics), how much a tank of fuel is and how long it normally takes before parts start to deteriorate. It also pays to get some price information on spare and replacement parts. Any room to move on price? Always be prepared to negotiate on price because the advertised price is rarely what the vendor expects to sell it for. If you have concerns, walk away, even if that takes the offer off the table. If a vendor thinks they may have lost their best buyer, they may come around. How will I finance it? Car loans are becoming a more popular way of paying for a new vehicle for those who don’t have ready finance. Before you take one, it’s vital you assess how much you can afford to borrow, what your repayments would be and how long the liability would hang around. For an obligation free consultation, speak with one of our expert consultants today. We offer a wide range of car finance solutions from a panel of more than 20 lenders. Unlike houses and units, cars unavoidably depreciate in value, so only take a loan if you’re comfortable you will be able to pay it off over a period of time, in a variety of conditions, and know that it is unlikely you will recover the sale value.  Regional Australia Bank backs Warialda Play Park upgrade 2016-10-31T02:42:27Z regional-australia-bank-backs-warialda-play-park-upgrade Warialda locals are being encouraged to put their support behind the Warialda Play Park upgrade as part the Regional Australia Bank ‘Heart of our Community’ initiative. The initiative which was established in 2012 has already seen many wonderful ideas come to life thanks to community members posting an idea or project to the Banks Heart of our Community website and garnering support by fellow community members. Debbie Ford is the driving force behind the Play Park upgrade and says she is really excited about the prospect of funding from the Bank. “We’ve been working towards an upgrade to the park for a few years now. Some of the equipment was so old, it no longer met Australian standards so when the opportunity to post the idea on The Heart of our Community website came up, we jumped on it ,” said Debbie. Regional Australia Bank is likewise enthusiastic about this project and has committed up to $8,000 for the upgrade if the project receives enough votes of community support. “For every vote, Regional Australia Bank will contribute $40 toward the project and elevate the status of the project toward the top ranked ideas for that community,” says Matthew Hayes, Area Manager, Regional Australia Bank. “We will assess the votes at the end of December and hopefully the project will have received the 200 votes it needs to receive the full $8,000 from the Bank.” Plans for the upgrade include the addition of a swing with a seat belt for younger kids, appropriate equipment for kids over 10, a fence around the entire play area and additional seating in the area. Soft fall ground cover is also on the wish list. “Basically I want to make the play area as beautiful as the rest of the park, so that it becomes a place where children and their parents can spend time together outdoors but also a place where visitors want to stop off when they are passing through,” said Debbie. Community members can vote for this project by registering on Regional Australia Banks ‘Heart of our Community’ website www.heartofourcommunity.com.au. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Regional Australia Bank takes on the Challenge 2016-10-31T00:03:30Z regional-australia-bank-takes-on-the-challenge In the latest of a series of community partnership deals, Regional Australia Bank is throwing its support behind the Inverell Toughen Up Challenge with a three-year naming rights sponsorship. Alex Ribeiro, Inverell Branch Manager, Regional Australia Bank said: “partnering with the Inverell Toughen Up Challenge was a perfect fit for the Bank. It is an excellent event that puts value back into the community. It also draws a lot of people to the area from the surrounding region, which is great for the local Inverell economy and ultimately supports the Bank’s commitment to regional prosperity.” The Challenge which involves teams of four people completing a 9km square course throughout the Inverell CBD, sees people of ages from eight to eighty take part and has grown exponentially over the last five years. “When we first started out, we never envisaged the event would become so popular,” said Lynn Lennon, Inverell Toughen Up Committee Member. “Naturally, we sought out a like-minded organisation to partner with to support this growth and it made sense to approach Regional Australia Bank. We operate under the same ethos, with proceeds of the event going back into ‘bricks and mortar’ within the community in the same way the Bank puts 5% of its profits back into the community." On top of that Lynn says the Bank has been a great supporter of the event over the years and is already so involved in the community “they are just awesome” she added. The Challenge has both competitive and non-competitive divisions and has been designed with inclusion in mind so that people of all fitness and skill levels can participate. Lynn says it doesn’t matter if you’re not good at sports because there’s puzzles, swimming, tyre flipping – the works. It can be done by anyone. That’s the other thing that got the Banks attention explains Alex. “It is family orientated so both kids and adults alike can take part, in fact, my kids have done it twice now and it’s tons of fun.” The 2017 Regional Australia Bank Inverell Toughen Up Challenge takes place on Friday 10th March 2017 for the Juniors, with the main event on Saturday 11th March 2017 for the Adults. Registrations are now open and can be found at http://inverelltoughenup.net/ - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Low Doc Loans Explained 2016-10-28T10:46:45Z low-doc-loans-explained When you’re a business owner, there are things that you have time for, and things that you don't. Customers and growing your business – Yep, plenty of time for those! Sorting through paperwork, spending hours on the phone organising finance, waiting in your local branch for someone to get around to you – Nope, I can think of better things to do. When you are time poor, or lack the financial paperwork required for a regular loan, a Low Doc loan can be the saviour of the small business owner. What the Hell is a Low Doc Loan? A Low Doc loan is essentially the same as a regular loan, except the only paperwork you need is a declaration of income, a signed privacy form, the application form and proof of identification. Given the declaration of income is all you need to prove your financial situation; Low Doc loans are often referred to as self-declared loans. Pretty simple, right? It provides access to the same interest rates and similar loan types, but without the need to run around trying to find all the essential financial documents you need for a traditional loan. As an added bonus, it isn't just confined to cars. You can get a Low Doc loan to finance business equipment, caravans and more, so long as it is deemed Fit for Purpose (i.e. it is deemed required, and will be used for business or commercial purposes). Who Can Get One? A Low Doc loan is available for small-business owners or self-employed workers who may not have access to, or the time to organize the necessary paperwork to qualify for a regular loan. Approval criteria for Low Doc loans varies from financier to financier, which is great news for Sole Traders, Business Partnerships, Trusts and Corporations with a clean credit history, because it means there is normally a Low Doc loan available to suit your circumstances. To meet the basic requirements with most lenders you must meet the following conditions: 1.     ABN registered for at least 1 day 2.     Property owner or able to provide a deposit 3.     Maximum lend $200K for cars and $500K for trucks and equipment The following help, but are not essential: 1.     Clean credit file 2.     GST Registered 3.     ABN Registered for 12 months Do you qualify and want to get started, or just want to ask one of our expert finance consultants a question? Give us a call on 1300 882 851 or get an online quote by clicking here! Without the paperwork usually required to apply for a loan, such as tax returns, bank statements and accountant's letters, a Low Doc loan will usually require security to fall back on. Being a homeowner gives your lender confidence that you are suitable for finance, however, if you don't own a home, most lenders are happy to take a deposit from you and then use the asset you are financing as security. Lenders will rarely take security over your property, however they like to know you have a fall back position. Furthermore, if you have had finance within the past six months (and the account has good repayment history), we're happy to chat to your lender and use that history to get you financed again. No running around trying to round up paperwork all over again! How Do You Apply? Revolution Finance works for you to ensure you get finance, even if you don't have the documentation available. If you meet the above requirements, Revolution Finance can arrange your finance quickly and easily. Give us a call on 1300 882 851 or get an online quote by clicking here! Revolution Finance, your car finance experts.