Short-Term Capital Lending Promotional Offer
Terms and Conditions - Reduced Interest Rates on Assetline Eligible Short-Term Loans
Introduction
1. The promoter of this promotion (“the Offer”) is Assetline Capital of Level 21, 101 Grafton Street Bondi Junction NSW 2022.
2. Assetline offers a reduced Interest Rate to Eligible Applicants, subject to the terms and conditions of the Offer.
3. Eligible Applicants agree to be bound by these terms and conditions by applying for an Eligible Assetline Reduced Interest Loan.
Any Assetline offers to Eligible Applicants remain in the absolute and sole discretion of Assetline. Any application which is withdrawn will not be eligible for qualification despite resubmission.
Definitions
5. In these terms and conditions:
(a) Assetline means Assetline Investments Pty Ltd ACN 619 252 210 and includes any of its agents, contractors, subsidiaries and related parties from time to time;
(b) Applicant means the party named as a Borrower or Guarantor in respect to an application for an Assetline Reduced Interest Loan(s);
(c) Apply means you as an individual or co-borrower have applied via Assetline, Broker or Other third-party channels and Assetline has confirmed receipt of your application;
(d) Eligible Applicants means applicants that meet all the Eligibility Criteria as per the Eligibility Criteria section;
(e) Eligible Assetline Reduced Interest Loan means a Short-Term Loan agreement entered into by the Applicant to which this Offer applies and which meets the following eligibility parameters
(f) Lower Interest Rate means the lower or discount interest rates as defined under an offer for an Eligible Assetline Reduced Interest Loan.
(g) Short Term Loan means a loan for a product listed as a short-term capital lending product on the Assetline website ( https://assetline.com.au/short-term-capital-lending/) as amended from time to time.
Eligibility Criteria
6. You are eligible to participate in this Offer if:
(a) You Apply from 1 February 2024 to 30 April 2024 (Note: Offer may be amended or withdrawn at any time);
(b) You are an Applicant in respect to the application(s);
(c) Your application relates to Assetline relates to one or more Eligible Assetline Reduced Interest Loan which satisfy the Eligibility Parameters; and
(d) You drawdown that Eligible Assetline Reduced Interest Loan(s) within 30 days from applying.
Operation of Reduced Interest Rate
7. The reduced interest rate set out in this Offer operates such that any offer for an Eligible Assetline Reduced Interest Loan will have a reduced Lower Interest Rate by fifty (50) basis points (BPS).
The reduced interest rate does not apply to any extended period of the Eligible Assetline Reduced Interest Loan beyond its initial term.
Any Lower Interest Rate expressed in an offer for an Eligible Assetline Reduced Interest Loan is deemed to have the reduction in rate already applied.
No Representations or Warranties
Except as required by law, Assetline makes no representations or warranties with respect to this Offer or any benefits or entitlements under the Offer.
Taxes and Duties
11. You acknowledge and agree that you are solely responsible for any taxation liability you may incur in relation to your participation in the Offer or your Eligible Assetline Capital Reduced Interest Loan, and any associated taxation implications.
Exclusions
12. Without limiting any other provision of these terms and conditions, this Offer is not available in connection with, or in addition to, any other Assetline offer, promotion, rebate or benefit.
Variation and Termination
13. Assetline may vary these terms and conditions from time to time, including by:
(a) adding, withdrawing or substituting any benefits available to you under the Offer; and
(b) varying the reduction of the reduced interest rate under this Offer;
(c) varying the period to which this Offer applies;
(d) changing the eligibility criteria or requirements that must be met to receive benefit of the interest reduction.
14. Assetline may terminate or withdraw this Offer at any time without prior notice.
15. Assetline may reject, cancel, or reverse any benefit conferred from the grant of the interest reduction if it has reasonable grounds to believe that a person's conduct or dealings with respect to an Eligible Assetline Reduced Interest Loan, the Offer or any other dealings with Assetline may be fraudulent or otherwise illegal.
16. If you are not satisfied with any change or variation Assetline makes to the Offer, you can terminate your participation at any time by providing notice to Assetline.
Other Matters
14. Assetline reserves the right to disqualify any person who participates in the Offer but does not comply with these terms and conditions or who tampers with the Offer process.
15. Failure by Assetline to enforce any of its rights at any stage does not constitute a waiver of those rights.
16. All applications for credit, are subject to Assetline’s credit approval criteria. Terms and conditions, fees and charges, and other eligibility criteria apply.
17. These terms and conditions are:
(a) separate to the terms and conditions of each applicable Eligible Assetline Reduced Interest Loan; and
(b) do not form part of the credit contract for any of your Eligible Assetline Reduced Interest Loan.
To the extent of any inconsistency between these terms and conditions and the terms and conditions of your Eligible Assetline Reduced Interest Loan, the terms and conditions of your Eligible Assetline Reduced interest Loan prevail.
