FAQs
Some Common FAQs
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Our loan specialists offer a large range of lending products including
- Car Finance.
- Personal Finance.
- Commercial Finance.
- Equipment Finance.
- Caravan Finance.
- Motorcycle Finance.
- Boat Finance.
- Novated Leasing.
- Truck Finance.
We can also provide you with refinancing, debt consolidation, warranty and insurance options.
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There are many benefits to using a broker including lender access, expert advice, financial insights, better interest rates, personalised service, and the fact that it will save you a lot of time.
Brokers, like ours, have access to an extensive portfolio of banks and lenders which means you’ll be able to find the best loan product for your circumstance. This is additionally beneficial due to the highly-competitive nature of the loan market with a large variety of interest rates and terms available. By using a broker, you’ll have someone on your team who understands your individual situation with a multitude of knowledge about the loan market that you can tap into.
Many brokers also have access to exclusive deals and lending options which may not be available to the general public. By leveraging a broker for your loan, you could unlock a variety of opportunities.
With over 25+ years of experience, Jade Finance has a large office of fully qualified, well-trained, licensed professionals who are committed to their clients through the peaks and troughs of the ever-evolving financial services industry.
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In Australia, there are three credit rating agencies – Experian, Equifax, and Illion. Depending on the issuing agency, your credit score will be between 0-1000 or 0-1200. Along these scales are sections that state whether your credit score is excellent, very good, good, average, and below-average (bad). As a rule of thumb, the higher your number within the model, the safer you’re considered as a borrower.
To qualify for a loan in Australia, there isn’t a minimum credit score that lenders agree on, however generally you will need a ‘good’ credit rating to qualify.
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Our expert brokers recommend boosting your chances of being approved by ensuring your income is steady, choosing the right loan for you, applying for the right amount, and applying for short-term loans. Other ways to boost your application include making a larger down payment, providing additional documentation to prove your financial situation, and adding a co-signer.
If you have a less than ideal credit score, some positive behaviours you could undertake to increase your score (and ultimately get your loan applications approved faster) in the long term include paying off old debt, applying for short term loans and repaying them on time, checking your credit report regularly to see what factors are bringing it down, and consistently paying on time for every bill you receive.
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The right lender for you depends on the lender that is going to offer you the best interest rates and terms for your circumstances. By partnering with a broker for your loan exploration, you’ll have the opportunity to relax while they find the best deals on the market. Our expert brokers are highly trained in understanding your wants and needs, and analysing the market – with a long list of over 80 lenders to sift through.
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Yes. We pride ourselves in our specialised Australian Commercial Finance, here at Jade Finance we can offer a range of commercial finance products for all types of businesses –
- Sole traders.
- SMEs.
- Medium-sized businesses.
- Large corporations.
- No doc and Low doc options.
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A fixed interest rate loan for consumer goods and business assets means that the rate remains at that level for the entire period of the loan term. If the finance term is 4,5,6 or 7 years, the fixed interest rate will remain unchanged even if the lender changes their rates in line with changes to the cash rate as announced by the Reserve Bank of Australia. A variable interest rate is subject to change when the lender changes their rates. When the rate changes, the repayments also change.