Personal

We'll get you to where you need to go.

Personal loans can be a helpful tool when needed, as they can often be less expensive than credit cards and other forms of credit. Just like a home loan, you borrow a set amount of money and repay it in instalments over an agreed period.

Often, personal loans are taken out for big purchases like a car, boat or motorbike. However, personal loans can also be used to fund your travel, dream wedding or even your home renovations. You can also use them to pay off and combine credit cards and other debts to help you manage multiple repayments.

While a personal loan makes a lot of sense for most people, it's not the right move for everyone. We will work with you to make sure you're making the right decision for your financial circumstances.

We can help you with many different personal loans, including:

Debt consolidation

One of the main reasons people take out personal loans is to consolidate their debts.

Having multiple debts and repayments can be hard to manage. Consolidating your debt into one manageably weekly, fortnightly, or monthly repayment will help you take back control of your finances.

Car, motorbike or boat loan

Whether you're looking to upgrade your car, invest in a motorbike or buy a new boat, we understand it can get a little confusing with so many loan options to choose from (okay, maybe not so much for us!).

Or maybe you already have a home loan, and you're not sure whether take out a new loan or use the equity from your existing loan to purchase your new asset.

We will work with you to understand your circumstances and ensure that we find the best fit for your needs. Then, we will make all the comparisons for you (so you can concentrate on the more important things - like the model and colour!)

More often than not, we can beat the dealership's repayment figure. Meaning more cash in your pocket - exactly where it should be.

Chattel Mortgage

A chattel mortgage is a fancy term for a business or commercial vehicle loan. A chattel mortgage is similar to a regular car loan, with regular repayments, but your company has many more benefits.

You will own your vehicle outright. However, the finance company will place a mortgage over the vehicle as security against the loan. Meaning you can claim certain tax benefits during the life of the loan.

Both businesses and individuals are eligible for a chattel mortgage as long as the car is used predominantly for business purposes. Your vehicle needs to be used primarily for work (51% or more) to be eligible.

For example, if you're a tradie using your ute to move equipment from site to site, you may qualify for a chattel mortgage.

A chattel mortgage may not work for every individual or business, but it's certainly worth a chat.

Car lease

It's important to remember that you have more than one option for vehicle finance.

A car lease is an arrangement where the lender purchases a vehicle on behalf of a customer. This customer then leases the car back from the lender. In exchange for using the vehicle, the customer makes regular payments.

If you are a person or business who regularly needs to change their vehicle, then a car lease could be an excellent option for you.

Be careful though, just like renting a house, leasing a car does not grant you complete ownership, and there may even be some restrictions around its use.

If you are not sure whether a car lease, chattel mortgage or car loan is the right option for you, get in touch with one of our brokers for a chat.

Home renovations

Whether you have conservative or grand plans for your home, it can often be hard to save whilst making your home repayments.

Taking out a personal loan to renovate and improve the value of your home is a much more cost-effective solution than using your credit card.

Your loan details will change depending on how much you need to borrow, but once you're approved, you will be sent the agreed amount in full, meaning you can get started asap!

If you've had your home loan for a few years, it may also be beneficial to get it revalued, as you may be able to borrow from the equity of your existing home loan instead.

Investing

If you've identified an investment opportunity that has a high return on investment and a low level of risk, you may consider taking out an investment loan.

Borrowing to invest is also known as gearing or leverage. It's a risky business. You might receive bigger returns when the markets go up, but you'll have larger losses if the markets fall. You'll still have to repay the loan and interest, even if the investment falls in value.

Our extensive experience in the finance industry means that we can provide solid advice on whether an investment loan is appropriate for your situation.

Travel

Travel planning is exciting. There's so much to think about - airfares, accommodation, tours, and transfers… and you'll be paying upfront for all these costs… oh, wait…

Thankfully, there's a solution: travel loans. The interest rate on a loan is usually a cheaper alternative to credit cards. You can choose your loan amount and repayment terms, and you can spread out your payments to best suit your circumstances.

Let us help you - so you can spend less time thinking about the finances and more time dreaming about your holiday!

Education

You may have a dependent with private tuition fees, or you may be looking to further your studies or study overseas. We can assist in connecting you with an education loan.

Education loans can be used towards paying tuition or course fees, textbooks, stationery, computer and internet access, uniforms, extra-curricular activities, tools or equipment, transport, and moving costs.

Talk to our team so that we can gain an understanding of your unique circumstances, and we'll match you with a cost-effective solution.

Other

Health Care

Emergency dental work? Need to travel interstate for an operation? You may be eligible for a loan for health care to help cover medical, surgical, dental, or emergency treatments.

You can obtain assistance in covering not only medical bills, but also other treatment and recovery costs. This could include equipment, medication, travel costs, or living costs if you must take time off work.

We know that health care matters can be really stressful, so let us help you take care of the finance side. Talk to our team to find out more.

Dream wedding

Congratulations, you're engaged! Now, comes the tricky part: the wedding planning. According to the Australian Securities and Investments Commission, the average Australian wedding costs $36,200 - which can be a lot to save up in a short time.

Fortunately, you don't need to compromise. Plan the wedding you've always dreamed of with a wedding loan. Choose your loan amount and spread out your repayments, so that you can have a fixed budget and regular fixed repayments. Interest rates are better than paying using credit cards, and you won't be madly saving your money at the last minute when you have more important things to think about!

From small intimate ceremonies to large lavish celebrations, give yourself time for planning the fun stuff. We'll assist you in taking care of your finances, so you have more time to find a wedding dress, wedding suits, shoes, flowers, hair, makeup, invitations, venue hire, catering, photographer, videographer, decorations, bonbonnieres, transport, and don't forget the honeymoon...


Finance Brokers Tasmania Rebecca Seadon Jo Hewson

Book an appointment and let’s get talking!