FAQs

No commitment or obligation should be associated with using finance broker services. Brokers should set out their terms and conditions on initial contact. The role is to source offers and only once the offer is accepted is there a commitment to proceed.

Yes. Loans for used cars can be sourced through brokers, subject to meeting guidelines for loan limits etc.

Yes. All enterprises with an ABN may use finance broker services. New businesses should enquire if the broker offers Low Doc and No Doc loans for start-ups.

Application processing to the approval stage is dependent on the complexity of the loan and in some cases aspects of the application. Many approvals can be received in 24 hours and funds generally available within a short period.

Interest rates are offered based on the lender assessment of the application and the credit profile of the applicant. Buyers can use rates displayed by brokers and lenders as a guide to the ‘best possible’.

Brokers operating in commercial finance offer asset finance which includes Lease, Chattel Mortgage, Hire Purchase and Rent-to-Own.

Yes. A balloon is an option with Hire Purchase and Chattel Mortgage.

No. All credit providers – banks, brokers, finance companies, typically request the same documents and details for their application forms.

Yes. Credit applications can be conditionally approved prior to purchase.

No. Meeting a broker in person to apply for a loan is not typically required. Arrangements can be handled via online and phone communication.