FAQs

A finance broker sources loans on behalf of customers through their lenders.

Brokers that provide consumer finance and offer boat loans are available for jet ski loans.

Brokers can have specific areas of business interest. Typically a broker operating in business finance will provide services for sole traders.

No. Brokers will source the best offer from across their lender base. Customers do not have to specify a lender but they may do if they have a preference.

Brokers have accreditations with lenders. This provides them with the lender’s approval to contact them for loans on behalf of their clients. Broker accreditations will vary with the brokerage.

If applying for a consumer loan, applicants will be required to provide the same information to brokers as to banks. If applying for business finance, the application documentation requirements may vary with the lender and the type of credit.

No. A referral is not needed to use broker services.

Individual brokers can have their own areas of business and customers that they service. Brokers specialising in business finance usually provide services to all types of businesses including start-ups.

Brokers usually offer the complete selection of asset acquisition finance which includes Rent-to-Own, Chattel Mortgage, Leasing and Chattel Mortgage.

No. Most finance brokers provide services via online systems and phone.