Paying too much for your current loan? Think you can get a better deal? Let us assess your loan against our vast array of lenders and cheap interest rates with a free loan health care check.
If your loan product is no longer meeting your financial objectives, a loan health care check at our reputable brokerage involves one of our expert brokers assessing your current loan against a variety of factors to determine its overall viability and risk. The process involves a number of aspects being considered including your repayment history, debt-to-income ratio, credit score, loan terms, collateral, market conditions, and regulatory environments.
Jade Finance is known for its ability to source highly competitive interest rates for a range of loan products – aligning closely with our commitment to act in the best interests of each of our customers. Accredited with more than 80 lenders, our experienced brokers are able to complete a comprehensive free loan assessment quickly to see exactly how your financial health can be made more optimal.
Loan health care checks are an invaluable tool to utilise during a loan term. With so many solutions available if you need to make an adjustment - Jade Finance is the only place you need to go to make your loan more optimal for you.
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Loan solutions can vary depending on the specific circumstances of a borrower and the type of initial loan involved. Loan solutions that our vast array of lenders offer to address various borrower needs include refinancing, loan modification, debt consolidation and short-term loans, as well as repayment plans and prepayment options.
If you’re part way through a funding term and it’s no longer working for you, our specialist brokers may recommend refinancing to lower your rates, saving, repayments or shorten your term.
Jade Finance has a highly personalised debt consolidation service for individuals from a wide range of backgrounds. Combining all your debt into one single loan can be an effective strategy to streamline your financial life and is a common loan performance evaluation recommendation.
Some of our lenders may offer a repayment plan to organise the repaying of funds that have been loaned to a borrower. This is generally applied to borrowers having a hard time paying off their balance and can come with lower interest rate benefits.
If after assessment your broker determines you are facing a cash flow problem, a short-term loan may be recommended to help you access funds quicker until your financial situation improves.
Some of our lenders may offer prepayment options that allow borrowers to pay off a loan early without incurring penalties. Our loan specialists might recommend this for borrowers who want to reduce their interest rate or pay off debt ahead of schedule.
At Jade, we highly encourage the regular assessment of borrowers’ loans for several reasons including risk management, financial planning, cost optimisation, compliance and regulation, creditworthiness, and financial security. By regularly reviewing your loans, we are able to help you adjust to your changing financial circumstances.
Identifying emerging risk or potential issues that may affect your ability to pay is a crucial part of having a long term loan. Additionally, being able to identify any opportunities to optimise costs like refinancing, consolidating debt, or renegotiating terms to reduce interest payments are all things our loan specialists can analyse against your situation.
By reaching out to our highly-experienced office of brokers, you will be assigned your own dedicated loan specialist who will look into your financial history and needs by performing a comprehensive assessment of your current loan portfolio. By conducting this check, our clients are provided with important information about their financial situation including where they can improve and what options are available to better suit their individual needs.
Our guides offer quick comparisons and simple explainers to help you power through the financing process with confidence.
Life is full of major changes, both foreseen and unexpected. Financial plans and goals that made sense for you three years ago may no longer apply in the same way. There are many reasons why you may seek a loan health care check – whatever the reason, our team at Jade Finance are able to help. Factors such as tax cuts, changes in interest rates, and regulatory adjustments could spell serious extra cash flow for you as a borrower. By seeking a loan efficiency check with us, this extra cash could be leveraged into greater investments, more lifestyle spending, or allow you to achieve your savings goals faster.
Additionally by partnering with us, you will be informed of any regulatory, market or interest rate changes that may affect your loan. As financial times continually fluctuate, it’s important to review your financial strategies and ensure they make sense over time. At Jade Finance, we help our clients gain a sense of confidence, control, and certainty over their finances. It can often be hard to figure out the best course of action, but with Jade you’ll be able to update your financial plan based on holistic advice based on the recent developments in the financial world.
When we review our clients’ financial plans, we look at them with fresh eyes. Allowing us to consider our clients’ needs in a clear way. Regularly reviewing your loan is important in keeping your financial plans up-to-date.
At Jade Finance, we ensure the loan assessment process is as streamlined and stress-free for our clients as possible.
When you get in touch with us, you will be assigned your own personal Jade Finance consultant who will work closely with you through the entire process. Your consultant will listen to your story to fully understand your current situation and your objectives.
Based on your individual requirements, your consultant will prepare a plan and process to move forward – assessing your repayment history, debt-to-income ratio, credit score, loan terms, any collateral, the market conditions, and the regulatory environment.
You will then be provided with a report on the financial health of your loan plus any recommendations that could improve your loan agreement for your evolving situation.
Once assigned a dedicated broker at Jade Finance, you will be required to submit a number of documents to ensure your financial situation can be assessed accurately for your loan efficiency check. Some necessary documentation you will need to provide:
To assist you in finding this information, you should first consult with your financial advisor, utilise online calculators to determine how much you can afford to repay, and review your loan agreement carefully.
Contact a Jade Broker to get more information.
Key advantages in using our service for your loan review is that our brokers are full-educated on the current market and up-to-date on market trends and conditions. Our accreditation with 80+ lenders provides our brokers with quick access to all the information they need to best help our valued clients. There are many benefits to acquiring regular loan assessments such as cost-saving and the ability to improve your loan terms to suit your evolving financial situation.
Regular assessments of current loans allow our borrowers to evaluate their loan terms, interest rates, and repayment plans. By delving deeply into these aspects, borrowers can harness opportunities to save costs such as refinancing at lower interest rates or negotiating better terms with their lender. Through this assessment, our clients can often also improve their loan term. If you have demonstrated responsible repayment behaviour, or if your credit score has improved – you may qualify for better terms or lower interest rates.
Additionally, undertaking a loan health care check can also help our clients understand their debt obligations so they can make informed decisions on how to best manage their debt. This can include consolidating multiple loans to simplify payments. Finally, regular loan assessments are also able to help borrowers create realistic financial plans for the future.
At Jade Finance, our brokers strongly encourage undertaking a regular loan health check to ensure your financial well-being is aligning with your financial goals. However, there are specific times that a loan health check can be most optimally done; annually, during major life changes, when interest rates change, before a major financial decision, on reaching a financial milestone, and when you are less financially stable.
During these times, it’s important to be proactive by reaching out to our brokers to conduct a loan review to assess how these changes may affect your ability to manage debt and/or achieve your financial goals. As a client of Jade Finance seeking a loan assessment, you will be provided with valuable insights and guidance to make informed decisions about your loan options. At Jade we believe taking a proactive approach to managing your loans is invaluable.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
A loan health care check involves an assessment of your current loan against a variety of factors to determine its overall viability and risk. The process involves a number of aspects being considered including your repayment history, debt-to-income ratio, credit score, loan terms, collateral, market conditions, and regulatory environments.
At Jade Finance, our brokers strongly encourage undertaking a regular loan health check to ensure your financial well-being is aligning with your financial goals. However, there are specific times that a loan health check can be most optimally done; annually, during major life changes, when interest rates change, before a major financial decision, on reaching a financial milestone, and when you are less financially stable.
During these times, it’s important to be proactive by reaching out to our brokers to conduct a loan review to assess how these changes may affect your ability to manage debt and/or achieve your financial goals.
Once assigned a dedicated broker at Jade Finance, you will be required to submit a number of documents to ensure your financial situation can be assessed accurately for your loan efficiency check. Some necessary documentation you will need to provide:
Yes, assessing your existing loans can often help you save money. Some opportunities that can arise out of a loan health check is interest rate comparison, loan term re-evaluation, a review of fees and charges, consolidation opportunities, and negotiation opportunities. By reaching out to one of our brokers at Jade Finance, you can identify areas where you may be able to save money.
Assessing your existing loans can help you identify cost-saving opportunities, such as refinancing to a lower rate, adjusting loan terms to better suit your financial goals, consolidating debts for easier management, or optimising loan features that you may not be fully utilising.
A loan health check involves evaluating the current status and terms of your existing loan to determine its overall financial health. With this review process, the goal is to assess whether your loans are serving you in the best way they can and where there are opportunities for improvement or cost-saving.
A loan refinance involves the replacing of an existing loan with a new loan that generally has better terms such as a lower interest rate, different repayment terms, or improved features. With loan refinancing, its main purpose is to save money by reducing the cost of borrowing or to improve cash flow by extending the repayment period.
Not Reviewing Terms and Conditions Thoroughly
Opportunities for better rates or more favourable terms can be missed if you fail to review the terms and conditions.
Ignoring Interest Rates
You could pay more interest than necessary if you fail to compare your interest rates with those in the market currently. Interest rates play a significant role in the cost of borrowing.
Overlooking Fees and Penalties
Some loans come with hidden fees or penalties for early repayment or late payments.
Not Considering Your Financial Goals
Your loan strategy should align with your long-term financial goals.
Neglecting to Shop Around
Failing to explore options from multiple lenders can result in missing out on better deals or terms available in the market.
If your loan health check is revealing issues with your current loan, it is important to contact your lender. They may offer solutions such as loan modification or restructuring to address any issues. Other than this, you can explore refinancing options or seek financial advice. Refinancing your loan with another lender that offers better terms or rates can save you a lot of money. However it’s important to compare offers from multiple lenders to secure the most favourable terms.
At Jade Finance, our brokers strongly encourage undertaking a regular loan health check to ensure your financial well-being is aligning with your financial goals. However, there are specific times that a loan health check can be most optimally done; annually, during major life changes, when interest rates change, before a major financial decision, on reaching a financial milestone, and when you are less financially stable.
During these times, it’s important to be proactive by reaching out to our brokers to conduct a loan review to assess how these changes may affect your ability to manage debt and/or achieve your financial goals.
When you get in touch with us, you will be assigned your own personal Jade Finance consultant who will work closely with you through the entire process. Your consultant will listen to your story to fully understand your current situation and your objectives.
Based on your individual requirements, your consultant will prepare a plan and process to move forward – assessing your repayment history, debt-to-income ratio, credit score, loan terms, any collateral, the market conditions, and the regulatory environment.
You will then be provided with a report on the financial health of your loan plus any recommendations that could improve your loan agreement for your evolving situation.
