Get your questions answered

Should I have all my loans with the 1 lender or multiple lenders? What are the benefits?

Spreading your debt across different lenders can be beneficial as they can offer more competitive rates and terms for you, faster finance approvals and an effective way to growing your business.

Do you have any options that can improve cashflow?

There are two popular cash flow finance solutions, unsecured business overdrafts and business term loans. By getting in touch, we can help you access the cash flow finance you need.

I have bad credit. Can I still get a loan?

This is dependent on a few factors. Our equipment finance specialists will be able to determine this based on a quick chat with you about your personal financial situation?

What is a balloon payment on a car loan?

A balloon payment on a car loan is a lump sum that is paid at the end of the loan term in addition to the regular monthly payments and varies depending on the amount financed, term period and residual value.

Does it cost more doing Low Doc vs Providing Full Financials?

Generally, low doc doesn’t attract a higher interest rate, however lenders may charge a slightly higher rate for used equipment and private sales.

Do you deal directly with the person I am buying the equipment from?

Yes, our brokers make the process hassle-free and communicate to suppliers and other third parties on your behalf.

What is chattel mortgage and how does it work?

A chattel mortgage is a type of loan used by businesses to purchase new and used vehicles or other business-related equipment.

To discover how it works, refer to our Chattel Mortgage blog

What are the benefits of using a Finance Broker?

There are many benefits to using a broker to assist with your financing needs & it centres around simplicity, convenience & competitive solutions. For an in-depth look in to how our brokers can help, take a look at our blog

How does equipment finance work?

Traditionally Equipment Finance is a business to business transaction between a company & the bank. Company + its Director borrow the money from the bank & the asset being purchased is used as security for the loan.

How long will my application process/approval take?

Collecting paperwork usually takes 24 hours and then you should receive an answer within 24-48 hours of application being lodged to the bank.

Will I need to provide documents?

Our Brokers will not ask you to fill in any forms and will also try to keep the paperwork request to a minimum, however as a general rule they will require:

• Signed privacy consent form
• Copy of driver’s license
• Asset & liability statement
• In some cases Company & Personal Tax Returns

What information do you require for a quote?

Generally the Broker should be able to send you over a quote after quick telephone or email conversation. It’s that easy.

How do I apply?

If you don’t already have a Finlease Broker contact you can ill in our enquiry form found here or simply Call Now to chat to someone right away