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Property Secured Loans

Get the capital you need with a secured loan from OnDeck

Call 1800 676 652

Use your residential property as security for your business loan

Save with zero valuation fees and zero lender legal fees

Enjoy a fast, easy application process


Product Overview




OnDeck’s property secured loan

OnDeck’s property secured loans are a great way to secure the finance your business needs. 

Our property secured loan only requires a few additional documents including property ownership details, mortgage statements (if applicable) and rates notices. We will need to value the property as part of the loan assessment, but this comes at no cost to you.

Why take out a property secured loan?

By using your residential property as security for your business loan, rates are typically lower than an unsecured loan, all other factors remaining the same.

Our fast turnaround and streamlined processes deliver a more rapid response to your funding needs than traditional lenders.

How does your property work as security for a loan?

If you are the registered owner of a residential property, and you have sufficient ‘equity’ (that’s the difference between the market value of your property and the value of any loans that may be currently secured by the property) you may be able to use your property assets as security for competitively priced finance to drive your business forward.

Offering residential property as loan security is an important decision. It means the property can be sold to recover any outstanding funds plus associated costs if your business cannot meet the loan repayments. Reflecting this, all borrowers and loan guarantors must obtain independent legal advice so you fully understand what is involved when offering property as security.

How could Lily help your business with a property secured loan?

You’ll receive ongoing support throughout the entire loan process from a dedicated Loan Specialist. They will work with you personally to make sure your experience goes smoothly – from start, to finish. Available Monday – Friday, 9am – 6pm on 1800 676 652, or at, our team is here to help.

Lily Jacobs

Loan Specialist
Sydney, Australia

Talk to one of our loan specialists and get your property secured loan approved

Call 1800 676 652

Frequently Asked Questions

There is no fee to apply for an OnDeck property secured loan.

If you decide to go ahead with your loan, two costs apply:

  • An origination fee of 2.5% of the loan amount payable to OnDeck, and
  • Any fees associated with obtaining your own independent legal advice in relation to the loan documentation. 

OnDeck will cover:

  • Our own costs in valuing your property
  • Our own legal expenses in drawing up the loan documentation and registering the mortgage

Residential property – this includes your own home or an investment property you own.

We accept both owner occupied and investment residential properties provided the applicant is a registered owner of the property

Most metro locations across Australia

The loan can be secured in one of two ways:

i) By a first mortgage over the property. This is available if you own the property outright. That is, there is no mortgage currently attached to the property.

ii) By a second mortgage over the property. This is available if you wish to retain your existing first mortgage but need another loan to provide financing beyond the capacity of your current credit provider.

Yes. But the good news is that it won’t mean any extra expense for you. OnDeck will conduct the valuation of the property at our cost. The type of valuation will vary depending on the loan amount and the Loan to Value ratio (LVR). We may ask you to provide access to your property in order for a valuation to be completed.

Loan to Value Ratio (LVR) is the amount you borrow as a percentage of the property’s value. If the property is worth, say $500,000, and you borrow $250,000, the LVR is 50%. When we calculate the total loan amount, we will take into account all loans that are already secured over the property, plus all financing sought from us.

The maximum LVR is 80%. The total loan amount for this calculation will include all existing and prospective new loans secured by the property.

No, all valuation fees will be covered by OnDeck.

We may require that all parties to the loan obtain legal advice – at your own cost prior to funding. You will be pledging your property as security for the loan, so it is very important that all borrowers and guarantors fully understand and appreciate the consequences of signing the loan documents as well as receiving and understanding all the related documents. 

Only the applicant or their spouse or de facto partner must be the registered owners of the property being proposed as security.

If the spouse or de facto partner is a registered owner of the property but does not derive a clear commercial benefit from the loan, they must also obtain independent legal advice at their own cost.

To apply for an OnDeck term loan you will need to complete an application form with details of your business and submit bank statements. We may also require other information about you and your business to process your application.

In addition to this information, a property secured loan calls for some extra details about the property, including: 

  • Property Address (Incl postcode)
  • Property ownership details
  • Mortgage statements (if applicable)
  • Rates notice

At OnDeck, we understand that your business needs funding in a hurry. From the initial application to loan funding, the process will take approximately 7-10 business days. This includes the credit assessment, property valuation and applicable security registration. There may be further steps to complete the final registration.

The turnaround time will also depend on how quickly you are able to provide the required information and arrange to have the loan documents signed in front your nominated Solicitor.

No, because the maximum overall LVR we offer is 80%

If no other moneys are due to us and you do not wish to apply for further funding with OnDeck using the property as security, we will arrange for a discharge of the mortgage. Please note that any discharges or variations to the security during or at the end of the loan term are subject to approval by OnDeck and may attract an additional fee

Call this number today: 1800 676 652