Frequently asked questions & answers
Refinancing replaces your current mortgage with a new one, usually with better terms. The new loan pays out your existing balance, and you continue repayments under the updated agreement, potentially reducing repayment and interest, maximising your cash-flow and long-term savings.
Shorter loan terms are seen as lower risk by lenders, often translating into lower interest rates, though repayments will be higher. Longer loan terms spread repayments over more time, which can lower repayments but typically increase total interest costs over the life of the loan.
For trips within Australia, try to book 2-3 months ahead. If you’re going overseas, aim to book about 4-5 months in advance. Booking early usually saves you money.
The advertised interest rate shows what you pay on the loan principal each year. The comparison rate reflects the total cost of borrowing, including fees, so two loans with the same interest rate may have very different real costs.
Your credit score is determined by several factors, including:
These elements collectively help lenders evaluate your financial reliability.
Doctors employed in the medical industry are often eligible for loan products that are not available to those outside it. Banks and lenders view doctors as trustworthy and reputable, and favour clients who have taken up this career path. Generally, lenders will want to see you employed in your role as a doctor for atleast 6 months. Some lenders can consider less than 6 months if you have previous trusted industry continuity, or can offer collateral for a loan. There are flexible options depending on your individual situation which is why it’s good to speak to a lending specialist about your application, or enquire here.
People who have a career in the veterinarian industry are often eligible for home loan products that are not available to those outside it. Banks and lenders view the veterinarian industry as trustworthy and reputable, and favour clients who are employed within this realm. Generally, lenders will want to see you employed as a vet for atleast 6 months. Some lenders can consider less than 6 months if you have previous trusted industry continuity, or can offer collateral for a loan. There are flexible options depending on your individual situation which is why it’s good to speak to a lending specialist about your application, or enquire here.
People employed in the allied health industry are often eligible for loan products that are not available to those outside it. Banks and lenders view the allied health industry as trustworthy and reputable, and favour clients who are employed within this realm. Generally, lenders will want to see you employed in your allied health job for atleast 6 months. Some lenders can consider less than 6 months if you have previous trusted industry continuity, or can offer collateral for a loan. There are flexible options depending on your individual situation which is why it’s good to speak to a lending specialist about your application, or enquire here.
Our online caravan finance application takes about 1 minute to complete.
Next, our Lending Specialists will connect with you within 1-2 hours of submitting your obligation-free online enquiry (Monday to Friday).
Once we receive your supporting documents, your dedicated Lending Specialist will submit your loan application to the best caravan lender for pre-approval, which can be confirmed in as little as 2 hours. However this can be dependent on several factors:
Preapprovals typically last from 60-90 days, but this can vary from lender to lender. Your Caravan Lending Specialist will advise you on the full process, simply call us to find out more – or apply now to fast track your enquiry.
Property investment preapprovals typically last from 60-90 days, but this can vary from lender to lender. Your property investment lending specialist will advise you on the full process, simply call us on 1300 665 906 to find out more – or apply now to fast track your enquiry.
