Why Finance With A Broker?

Aside from the ability to compare loans, another major reason is flexibility. Most big financial institutions have 1 size-fits-all loan products and fairly tough lending criteria. Because we can access loans from more than 20 accredited financial institutions, we can often get your loan approved where your bank can’t or won’t.

Lending Scenario Examples

We often get inquiries from people looking for finance who are skeptical about using a broker. They feel their bank or credit union is a better option. The below 5 examples show why flexibility is so important when looking for a financier – flexibility that you won’t usually get from a bank or credit union.

• James had a current car loan with St George Finance that was taken out 3 yrs ago. He wanted to keep the car, but his current car loan repayments have minimised his borrowing capacity for a home. By refinancing over a 5 yr period we were able to reduce his payments and establish a lower Interest Rate to what he was currently paying. He now can afford the home he was looking at…
• Sam contacted the bank for a loan to upgrade his car. Due to his employment status (casual) he was declined by the bank. With some additional income verification we were able to get him approved for the car he was looking for…
• David wanted to borrow additional funds on his mortgage to buy a Jet Ski. When the valuation came in lower than expected, he never had the equity available to do so. We organised a competitive loan with suitable payments using only the Jet Ski as security…
• Amy bought a car 12 months ago and financed it through the dealership. Only later to find out her interest rate was over 15% pa. With her excellent repayment history we were able to refinance the car loan over suitable terms and a much lower interest rate. This saved her thousands in interest for the remainder of the loan…
• Brian had moved house 12 months ago and never received his final Synergy bill. He paid it as soon as he was aware. However this was now listed on his credit file and his bank declined his application for a car loan. With proof of the paid default we were able to assist Brian with getting a loan for a car he needed for work.

Whatever kind of loan you need, Best Loans can provide an alternative solution to your current bank or financial services provider from our panel of 20+ accredited financial institutions.

Call us on 1300-002-190 to discuss your situation, or you can enquire online 24×7 right now.