Car, equipment & business finance FAQs

We arrange car loans, equipment, truck and machinery finance, personal loans and business loans, including cash flow and working capital finance. We don't arrange home loans.

Usually your driver's licence, two recent payslips (or recent tax returns if you're self-employed), three months of bank statements, details of any existing loans or credit cards, and the vehicle details or dealer invoice once you've found the car. We'll tell you exactly what your chosen lender needs.

With a chattel mortgage you own the vehicle or equipment from day one and the lender holds it as security. With a finance lease the lender owns the asset and you pay to use it, with the option to buy it at the end. Hire purchase sits in between: the lender owns the asset until the final payment, then ownership passes to you. The right choice depends on your tax position and cash flow, so speak with your accountant about the tax side.

Yes. Many lenders offer low-doc vehicle and equipment finance for established ABN holders, using things like your ABN and GST registration history and business bank statements instead of full financials. Lender criteria vary, which is where comparing 40+ lenders helps.

Once we have your documents, many applications are approved within 24 to 48 hours. Some lenders are faster and some, particularly for larger business loans, take longer. Settlement timing then depends on the lender and, for vehicles, the dealer or seller.

A credit enquiry is recorded on your credit file when an application is submitted to a lender. That's why we talk through your situation first and only submit to the lender that best suits you, rather than applying with several lenders at once.

In Australia, Equifax credit scores range from 0 to 1,200. There's no single minimum: each lender sets its own criteria and looks at your income, expenses and history as well as your score. We work with lenders who consider a range of credit profiles, including clients with past defaults.

Yes. Many of our lenders finance private sales of cars and some equipment. The lender may need extra checks, such as a vehicle inspection and confirmation that there's no money owing on the asset.

Yes, although lenders set limits on the age of the asset, and older assets can mean a shorter term or a higher rate. Tell us the year and type of asset and we'll match you with lenders that suit it.

Not always. Many applicants with a good credit history and stable income can borrow without a deposit. A deposit or trade-in can lower your repayments and improve your options.

A balloon (or residual) is a lump sum due at the end of the loan. It lowers your regular repayments, but you'll need to pay, refinance or trade in to cover it at the end of the term. We'll show you repayments with and without a balloon so you can choose.

Often, yes. Banks have strict criteria, and a decline from one lender doesn't mean every lender will say no. We work with 40+ lenders, including specialist lenders who look at situations banks won't.

Yes. We're based in South Melbourne and work with clients across regional Victoria, including Geelong, Ballarat, Bendigo, Shepparton and Warrnambool, and across Australia, including Western Australia, Queensland, New South Wales and South Australia. Most of the process happens by phone, email and e-signature. See all the areas we serve.

We may charge a broker fee, and we also receive commission from the lender we place your loan with. Both are set out in our Credit Guide and in your quote before you decide to go ahead, so there are no surprises.