Funding Solutions
Finance to Clear IRD Tax Arrears
When unpaid tax is the only thing standing between you and a bank approval
Inland Revenue (IRD) arrears are sitting on your file, and everything else about your application already stacks up. Finance to clear IRD tax arrears pays out what you owe, secured against the equity you already have in the property, so the bank loan you're using stays exactly where it is.
Up to $150,000
Offers within 24 hours
How Flexy helps
We lend against the equity in the property your company or trust already holds, behind your existing bank mortgage. Your bank loan stays exactly where it is, so clearing the tax doesn't mean refinancing or renegotiating what you've already got.
We assess you on your equity and how the loan gets repaid, so we can usually move as fast as clearing the arrears needs. If you've already got a sale, a refinance or a repayment source lined up, the loan clears the tax now and you repay us on that timeline instead.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
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Why it worked: Six months of clean IRD history got them back to the bank
The situation
A company had a bank approval lined up in every respect except one: unpaid IRD arrears sitting on the file.
What we did
We funded $48,000 to clear the arrears in full, secured behind the existing bank mortgage.
The outcome
With six months of clean IRD history behind them, the client is reapplying to the bank the broker already had lined up.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
Frequently asked questions
Does having IRD arrears rule me out automatically?
Do I need my bank's permission for this loan?
What if I don't have a fixed date to repay it?
Do I need to involve my accountant?
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
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Is this your situation?
Inland Revenue has sent letters about unpaid tax and you can't clear it this month
Your bank has told you everything else stacks up except the tax
Penalties and interest are adding to what you owe every month
You're on a payment plan with Inland Revenue but it isn't enough to get you back in front of the bank
The business is trading fine and the tax is the one thing in the way
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
