What we consider for loan assessment:
Based on following variables, help us to determine which lender will say YES to the deal and what terms they will lend to you.
1. Level of credit impairment
2. Age of the vehicle or equipment
3. Property ownership and Equity
4. Available Deposit
5. Length of time operating the business
6. Available financial with adequate income to service the new loan
7. Average saving pattern on trading account or cash flow statements
8. Main business activities and QTY of existing clients with regular revenue.
9. Business plan and projected cash flow.
Regardless of the above, we have many clients who have bad credit, no financials, seeking to purchase trucks over 15 years old, starting out new in business and we still manage to come up with solutions for them.
We undertake a Veda Commercial and Consumer credit check and verify certain information or enquiries with you over the phone to clarify your situation. We also advise you of any issues that we observe and make suggestions on simple things you may be able to do to improve your credit history prior to application.
Price in AUD :
We have a 100% approval rate and 1 time lodgement for clients who undertake our detailed Pre-assessment and scenario service prior to formal application. This service includes covering the costs of all the required searches, including Veda Credit Checks, Title Searches, PPSR checks and Company searches, so if you have any credit issues that may affect the lender we recommend, you will know upfront, so we can ensure the loan is submitted first time to a lender that matches your credit and financial situation. Once this service is completed and we recommend a product and give you a quote, there is no further cost from us to prepare and lodge your application.
Price in AUD :
Before making payment of the above fee, Please ensure that you read a copy of our Credit Guide: