FAQs

Business operators can select from Leasing, CHP, Rent-to-Own and Chattel Mortgage to finance computer equipment.

Secured and Unsecured Personal Loans can be used to fund the purchase of a laptop. The minimum loan limit for individual lenders would need to be met.

Interest rates on both personal and business finance are individually offered, based on the lender assessment of the application. Good credit score applicants typically receive the best rates.

The security or collateral required for a personal loan will be subject to individual lender guidelines. The equipment may be accepted as sufficient collateral for some applicants by some lenders.

Self-employed operators can be eligible for business financing. They must hold an ABN and provide financials. The personal financial position and credit score may also be requested for assessment.

New business operators that do not have full financials as requested by lenders may seek out brokers and specialist lenders that offer no doc and low doc commercial funding options.

The term approved for all types of lending is subject to the lender assessment of the application. It may be dependent on the credit profile, security provided, and total loan amount.

Applicants for personal loans must meet the consumer credit requirements as set-out by ASIC. These include being over 18 years of age, having steady employment and income, verifiable residential status, and providing income and debt details. Credit scores are also reviewed.

Online calculators do not have the functionality to establish the credit rating of the user and individual lender charges are also not allowed for. These aspects can vary with applicants and lenders, leading to variations between offers and calculator estimates.

Yes. Applications for finance may be submitted and approved based on an estimated loan amount.