Common Questions
Here are the answers to some common questions.
Values
- Reduce the impact to your credit file.
- Honest communication.
- We won’t hound you, we will provide updates and be available when you need us, you wont get 9 calls from us a day, and if we don’t hear from you, we will withdraw your enquiry.
What types of loans do you offer?
We provide a range of loan options from multiple lenders for both business or personal use. These include but are not limited to
- Asset finance, including Cars, Motorbikes, Caravans
- Personal Loans
- Refinance options, we will see if we can get you a lower rate or reduced fees
- Business Loans
- Lines of credit
- Overdraft facilities
- Commercial asset finance
Will this impact my credit file?
No, we complete an internal credit assessment review using your credit file and bank statements. We will discuss all potential options prior to submitting your application to a lender. We limit any negative impacts to your credit file.
How do I apply for a loan
You can apply for a loan easily through our website by selecting ‘Apply Now’ and filling out the application form. It’s straightforward, and our team is here to help, don’t hesitate in giving us a call.
We are also able to process an application virtually or face-to-face – if you are located in Sydney, we can come to you
What documents are needed?
All applicants need to provide Identification, generally the front and back of your drivers license and Medicare card.
To provide our service, you will need to review and sign our privacy policy.
If you are applying for a consumer loan, in most instances we will need a signed privacy, proof of income such as bank statements, payslips and if applicable a Centrelink income statement
Commercial loan documents vary depending on how long you have been trading, and if you are GST registered. Most lenders need to verify income either via bank statements, accountant letter or business activity statement. This varies on the type of credit facility you are after.
Our system makes it simple for you to upload these documents, once you select ‘Apply Now’ and complete an application form you will be asked for documents that relate to your application.
Can I get pre-approved?
Yes, we obviously cant get every application approved right away, we aim to work with our clients over the long term. If you are unsuccessful initially we will set a future target date for when the likelihood of an approval improves. Our success rate is high and clients appreciate our honest approach to finance.
How long does the application take?
The processing time can vary based on the type of loan and your specific circumstances. Generally, Belmore Brokers will review your application within 4 business hours.
After we have completed our assessment, we will either ask you a number of responsible lending questions, provide options or highlight when it would be suitable to review another application.
We ask these responsible lending questions upfront, so when we submit an application to a lender, they have all the information they need to make a decision. Due to this additional step, we can generally submit an application to a lender and have an answer same day.
Need help? We're here for you!
If you have any questions or need assistance, feel free to reach out via phone or through our contact us form.