Accounting and Finance Gud Limited Report for the Year 2009 and Year Ending 2008 by Calculating Its Ratio Analysis

Introduction

There are different types of sources of credit facilities all across the world and the Australia is no exception. These comprise traditional sources like banks, debentures, personal loans from relatives, friends etc as well as international sources like multinational financial companies. Various types of loans are given by these institutions to fulfill the financial requirements of the people. Let us discuss about some sources of finance in Australia to know more.

Sources of finance

Australian Finance Group or AFG is a renowned independently owned financial source in Australia. This finance company arranges for almost all types of loans and in most of cases, these are provided at no charge. It has been ranked as number one wholesaler with respect to mortgage finance in Australia. It is important to note here that this finance company is the number three mortgage finance wholesaler in world. It also acts as a training and research house in finance and provides access to more than 800 financial products to its advisors provided by the leading lending institution Australia. AFG is basically an introducer of mortgage and processes more than 6000 residential mortgage deals worth more than $2 billion. It has already captured more than 20% mortgage broking market in Australia. It has been providing services since 1994 and at present, they are managing mortgage finance worth more than $30 billion. (Birt,J.2008,Pg189)

Personal loans are quite popular in Australia and many people take these loans for various types of financial needs. There are many lenders of personal loans in Australia. GE Money Personal Loan is one of quite famous personal loans. GE Money is based in United States and carries out operations across the world. Personal loans are provided for various types of purposes and interest rates are also among the lowest. The personal loan rates start from 10.99%. There is no monthly fee attached to persona loans and these are provided same...