Other Loans

A balloon (or residual) payment is a lump sum due at the end of the loan. It makes your regular repayments smaller, but you pay interest on that amount for the whole term, so the loan generally costs more in total. Only choose one if you're confident you can pay it when it's due.

It can mean a lower interest rate, but if the car is paid off over the remaining term of your home loan, you may pay more interest overall. If you do it, a separate loan split repaid over a few years keeps it on track. We can compare both options with you.

Each credit application is recorded on your credit report, and too many in a short time can lower your score. Comparing options with a broker before you apply means you can apply to the lender that fits, rather than trying several.

Yes. Businesses commonly finance vehicles, machinery and equipment, usually secured by the asset. The right structure depends on your tax and GST position, so talk to your accountant. Loans for business purposes generally aren't covered by the National Credit Code.

For a personal loan, usually ID, recent payslips and bank statements, and details of your other debts. For a business, usually financial statements or tax returns, BAS, and a quote or invoice for the asset. Requirements vary by lender and loan size, and we tell you exactly what's needed.