FAQs

Finance brokers have a different role to financial advisors though some advisors will source loans for clients. Brokers specifically focus on arranging financing for customers through their lender base.

Yes. Most brokers work with all types of customers including those that have never taken on finance previously.

Brokerage firms will have their own guidelines as to the type of loans they deal with. These may be around the finance sector or the size of the loans. Minimum loan sizes may apply.

Yes. Applications for finance can be submitted and approved prior to the goods being purchased.

A broker with accreditation with specialist non-bank lender may assist by sourcing a lender with criteria that meets the profile of the applicant.

Consumer credit laws determine the documents and details that lenders must obtain from applicants. These details will be the same for brokers and lenders.

No. Borrowers can contact brokers directly without a referral.

Businesses that are starting up can source brokers that offer Low Doc and No Doc loans.

Most commercial finance brokers will offer Lease as one of several asset acquisition credit facilities.

Most brokers operate via online and phone services with no in-person meeting required.