Pre Approved Funding Limits

Limits are put in place with set criteria that allow the borrower the freedom to purchase assets, as “cash buyers” without having to worry about gaining finance approval first.

Pre-approved limits can be loan, lease or a combination of both.

Limits are reviewed annually to ensure they are still appropriate to your requirements, and on the annual review, updated financial accounts are required.

There is no set up fee or on going fees for putting pre-approved limits in place, we encourage our larger customers to have limits of this nature set up as it saves both parties time, and helps us provide our customers with a higher level of service.

General information concerning pre-approved limits

1. Terms on pre-approved limits range from 6 months to 5 years
2. All pricing is on a fixed rate basis
3. Our pre-approved limits are not revolving credit facilities
4. All purchases both CablePrice, and other suppliers, can be arranged through your pre approved limit
5. Lump sum reductions (up to a certain $ amount) on most pre approved limit facilities are available without incurring penalties