Frequently Asked Questions

Independent from the banks, a finance broker will understand your goals, research the market and come up with a tailored solution for you. 

Typically, lenders require a 20% deposit, but some may accept as little as 5% or even 0% with guarantor or government schemes.

Fixed rates remain constant for a set term, while variable rates can fluctuate.

Yes, you can refinance your home loan to potentially lower your interest rate, switch from variable to fixed, or tap into equity.

LMI protects the lender if you default on your loan; usually required for deposits less than 20%.

Approval times vary, but typically range from a few days to several weeks.

Yes, most loans allow extra repayments, which can help pay off your loan faster.

P&I repayments cover both the loan amount and interest, while IO repayments only cover the interest.

Various options include term loans, line of credit, vehicle loans, commercial mortgages, equipment finance, and invoice finance.

Rates vary depending on the lender, loan type, and borrower's creditworthiness, but generally range from 5-15%.

Terms can range from a few months to 10-15 years, depending on the loan type and purpose.

Often, yes, but some lenders offer unsecured options or alternative forms of security.

Yes, refinancing options are available to potentially lower interest rates or access additional funds.

Rates vary depending on the lender, loan type, and borrower's creditworthiness, but generally range from 5-20%.

Yes, various commercial loan options cater to business growth and working capital needs.

Yes, absolutely - lenders now are offering much simpler business loan facilities catering to businesses of all sizes, with all types of history. 

Loans can fund business expansion, working capital, equipment purchases, marketing, and more.

An SMSF loan allows your SMSF to borrow money to purchase an investment asset, such as property.

You can purchase residential or commercial property, shares, or other approved investments.

You can borrow up to 70-80% of the asset's value, depending on the lender.

You'll need to provide documentation, including your SMSF trust deed, financial statements, and investment strategy.

Yes, refinancing options are available, but may require reassessment of your SMSF's financial position.

You apply and are approved for a total facility, then the money is drawn down in stages, according to the builder's progress payment schedule, to fund the construction project.

You can typically borrow up to 80-90% of the property's value.