Loan and Finance FAQ

Some of the most frequent questions we get are listed here

Please contact us if you have another question that doesn’t appear here!

How much can I borrow?

We arrange personal lending from $5,000 and general home loans start at around $100,000. Your income, liabilities and family situation will determine your borrowing capacity and we can advise your maximum limit over the phone once we have had a quick chat..

What is Debt Consolidation? How Can a Debt Consolidation Loan Help Me?

Debt consolidation is the process of taking two or more loans and combining them into a single loan (a ‘debt consolidation loan‘) that can help you to save money by reducing the amount of interest you pay, reduce repayment periods and improve personal cash-flow. Debt consolidation also makes your life a little easier by giving you one easy-to-manage repayment. A debt consolidation loan can pay off your credit cards, personal loans and even your home loan, and provides you with greater financial freedom. Contact the Australian Lending Centre right away to learn about your options for debt consolidation.

I have a number of credit card debts, a mortgage and a car loan and am paying off so much interest, that the original debts don’t seem to be going down. Is there a better way?

Our consultants will look at your overall position and always try to find the best option for you. Debt consolidation can reduce interest and save you thousands and refinancing is another great alternative.

Do you lend to people living in rural areas?

We offer loans which service any postcode in Australia in both urban and rural locations.

Are there any costs involved in taking out a loan?

In most cases there is no out of pocket cost as any fees can be taken out of the loan at settlement. We can also suggest lenders that have Special Offers to lower or eliminate application and or settlement fees.

I am in arrears with my home loan and other debts. How do I get myself and my repayments back on track?

We are Debt Consolidation Specialists and can assist in supporting you out of the arrears situation. Many of our clients experience similar circumstances and fall behind with their mortgage and personal, car loan or credit card re-payments. We provide finance structure solutions and have a range of lenders that offer pathways to get you back on track.

I think I have a bad credit rating, what are my options?

It is more common than you think – you are not alone. There are lending options for impaired credit and some of these may suit your situation. We will look at your situation and discuss the best finance solutions available to you.

Can you help self employed applicants, I am finding it difficult to provide all the banks documentation to get a loan.

Yes, we can. There are multiple options for self employed applicants where you won’t be slugged with a higher interest rate or high application fees. We have a range of Self Employed specialist lending products that may suit your situation.

What is the approval time frame?

Personal loans and car loans are very quick and can be approved within 24- 72 hours providing we have all the documentation required. Home and investment loans, debt consolidation and refinance take approximately 3-5 working days for an initial Approval and around 21 days for settlement, depending on individual lenders processing times.

What is credit card consolidation?

Credit card consolidation is simply taking out one loan (a debt consolidation loan) for the purpose of paying off two, or several credit card debts.