Our calculators are designed to provide you with a precise and personalized quote based on your unique financial profile. If your credit history is clean and your income meets the lender’s criteria, approval is likely.
The amount you can borrow will vary depending on factors like age and financial situation. For example, if you’re 18, lenders may not approve an $80,000 loan. Rest assured, we’ll help you find the best option for your circumstances.
This is the most realistic finance broker’s tool in the market. It offers complete transparency. If your profile matches the lender’s criteria, you will receive the repayment on the loan contract. I refuse to provide misleading repayments.
Yes, if you meet that lender’s requirements, you will get the quote as displayed on the screen.
All brokers and dealerships have a “Profit margin” available, I have chosen to reduce the available income to treat everyone with equal transparently.
A soft search of each applicant is completed before applying to any lender. (most dealerships and many brokers don’t do this). This practice allows me to see what a lender will see before applying to any lender and if there is a potential problem,
A finance broker serves as an intermediary between you and a wide array of lenders, providing access to financing options that are typically unavailable to the public. By navigating the competitive asset finance market, brokers help you secure the best deals and rates.
Lenders value finance brokers because brokers know how to present loan applications in the most favorable light. By understanding your needs and crafting a compelling case, brokers enhance your chances of quick approval. Their expertise in lender assessment criteria is crucial for successful loan approval.
Finance brokers vary in their approach:
Rate Promisers: Some brokers advertise low rates and quick pre-approvals but may later explain why you don’t qualify for the advertised rate.
The sheep slaughter. Focuses on the income for each deal, picking lenders who pay the most over options that are better for the client. They typically give “high fives” to co-workers to celebrate the amount of income
The Pretenders: They advertise like brokers, collect your details and then sell them to several brokers.
Transparent Brokers (My Approach): I offer transparent, 24/7 access to the best deals tailored to your profile. There are no hidden rates or gimmicks. Just the best outcome for each client
Your best interest will be put first every time. I only set up loans only if they are the best option for the client.
I treat others like I would like to be treated myself. Just read the Google reviews or give me a call.
I do charge lower than average service fee. This is typically $770 and is included in the quoted repayments. (I am allowed to charge a lot more). There will be no charge if you do not go ahead with any loan.
From one day to one week, it is case by case. The low-rate lenders can take up to 2 days to just look at the application. I am happy to give realistic timeframes and explain all aspects in minutes over the phone. The average time for a “ball in my court” would be 2 hours max.
In most cases, just your last two payslip and a picture of both sides of your license. Occasionally, we need supporting information to help build your case, e.g. Extra payslip, a rates notice or a banking transaction. Some lenders need a second form of ID (Medicare card or Passport)
In most cases, we just need the application and a driving license. If there is a trust involved, we will need a copy as well.
Business loans have no protection under the NCCP rules, so the lenders can retain interest if you pay the loan early in comparison to a consumer loan.
Getting a consumer-style loan for a business can be possible, but it is much harder to get approved because you have to prove income.
If you have a property in your name and you have an ABN with GST for over 1 year, it is very unlikely we will need a deposit to maintain a low rate. There are many different lenders with many different policies. If you complete the application form, I will be happy to discuss all the options available to you.
Yes, residuals are available, but this function has yet to be added to the calculator. I do not recommend them to most individuals because you are left with no equity at the end, however, they can be useful for people who need to keep their outgoings down.
Typically, the repayment wil come down by about 20% if you add a 30% residual at the end.
*Most lenders won’t offer a residual on assets over 5 years old
*A residual is an interest only repayment that is added to the final payment of the loan.
No. This business quote tool is not accurate enough to guarantee the rate. However, in 9/10 cases, it will be correct. There are more variants on business loan applications that can not be applied to a quick calculator. Some cases will be less. Others will be more.
Your credit score is my priority. Unlike many brokers and dealerships, I pay for a soft touch credit search (that won’t alter your score), so I have all the information that the lender can see upfront, and this reduces the chances of an unsuccessful finance application.
From one day to one week, it is case by case. The low-rate lenders can take up to 2 days to just look at the application. I am happy to give realistic timeframes and explain all aspects in minutes over the phone. The average time for a “ball in my court” would be 2 hours max.
Yes, the seller would need to provide pictures of the asset along with their ID, Rego papers, and proof of bank details. If there is outstanding finance, this can normally be paid as part of the settlement.