1. How much can i borrow?
Our lenders require a minimum amount borrowed of $5000 with
the maximum amount negotiated from client to client.
2. What are the interest rates?
We have you approved on the lowest rate available for your
Secured loan interest rates from 8% pa. Unsecured loan interest
rates from 12% pa.
Comparison Rate Schedules
A comparison rate is a rate required by law which allows
you to compare the likely cost of similar types of consumer
credit products supplied by different credit providers. The
rate calculation takes into account certain fees & charges
levied by the credit providers.
Warning: This comparison rate applies only to the example
or examples given. Different amounts & terms will result
in different comparison rates. Costs such as redraw fees or
early repayment fees & cost savings such as fee waivers
are not included in the comparison rate but may influence
the cost of the loan.
The comparison rate calculation does not take into account
your financial circumstances & it is only when an application
for credit is received & assessed by the credit provider
can the contract interest rate be determined.
To view the Comparison Rate Schedule's you require Adobe
Private Motor Vehicle Loans:
The Comparison Rate Schedule for E-Loans.com.au Private Motor
Vehicle Loans includes in the standard list a loan of $30,000
over 5 years, which is similar to a typical car loan.
Financial Services, Esanda,
The Comparison Rate Schedule for E-Loans.com.au Personal Loans
will be calculated on a typical 'model loan' based on borrowing
$10,000 over 3 years.
New legislation effective 1 July 2003, requires lenders to
display the Comparison Rate in advertisements. The advertised
Comparison Rate will be calculated based on an average loan
amount and loan term that is relevant to the product.
3. How long from application to receiving an answer?
We approximate that you will receive an answer on your application
within two business days, most clients this process is much
4. Is my information secure?
Yes, completely. E-Loans.com.au use 128bit encryption technology
to secure your data. Secure Sockets Layer (SSL), a leading
web security technology ensures that any information exchanged
on our secure pages cannot be viewed by anyone else on the
The application will open in a new secure window where you
will see this padlock in the status bar of the page. This
ensures the application process including your information
Before starting the Loan Application process, you may wish
to gather some important personal information which will assist
you in completing the necessary questions. You will be required
to provide details about your:
Income including any government Benefits,
Present and previous employer,
Financial Liabilities - Rent or Mortgage payments, Credit
card or Loans,
Name, Address and Home phone number of a personal reference
not living with you.
6. What kind of documentation will I need to provide to the
lender for verification?
Different lenders sometimes require different documentation.
Our consultant will help you get the right documentation together
for the loan you are applying for.
This may include copies of:
Some form of identification - Drivers
licence or Birth certificate
Proof of income - Pay slips, financial
records or a typed signed letter with business letter
head from employer.
Financial Liabilities - Rental or lease
agreements, Credit card or Loan statements.
7. I'm applying for a car loan can you arrange insurance also?
We can structure into the loan at your request any of the
following insurance products:
Comprehensive Motor Vehicle Insurance
Loan Protection Insurance
Short Fall Insurance
Mechanical Breakdown Insurance
8. Can I get a second or third loan before I pay off my first
Yes, you may apply for another loan. However we will review
your application to determine if you qualify.
9. What if I need to borrow more than I applied for?
If you qualify for the higher amount, we will be more than
happy to resubmit you application for the higher amount.
10. Can my partner and I Apply online in a joint application?
Yes, for a second applicant or guarantor, please complete
the form twice advising us in the comment box contained within
the application form, then proceed to complete the form a
1st applicant - applicant name
2nd applicant - applicant name
Simply visit our contact page here
and a consultant will respond to your request.
12. What time frame can I take the loan over?
The time frames for our loans depend on the loan type itself.
We set the length of time so you won't be paying you loan
repayments longer than you need to. But generally we can lend
between one and seven years for personal or car loans and
up to 30 years for home loans and commercial loans.
13. I have a credit default on my file can you still help?
In many cases we are still able to assist with secured lending.
This depends on the size and status of the default as well
as the type of loan you are applying for.
Credit providers rely on your credit file when deciding whether
or not to lend you money. If you would like a copy of your
credit file please visit www.mycreditfile.com.au
and for a small fee they will arrange this for you.
If your question was not answered here ask us now
Visit our contact page here and
a consultant will respond to your request.
More Frequently Asked Questions coming soon