How does a personal loan pre-approval work?

Our personal loan pre-approval process costs you nothing and commits you to nothing. We work hard for you to present you with the best personal loan options on the market today that will save you money - then you get to make the final decision on which loan is right for you.

What are my chances of being approved for a personal loan?

As a finance broker we only win when you win, so we look at every possible legal way to obtain your loan from one of our many lenders. Personal lenders consider things such as: Your current credit rating Your residential status and length of time there Your job and time there Your income The security offered on the loan (if applicable) Your Asset/Liability position

Can I get an unsecured personal loan?

Yes, in most cases personal loans will be unsecured. Interest rates for these can be either fixed or variable and are very competitive in today's market. Personal loans can be used for: Holidays, Car Purchases, Jet Skis or Boats, Debt Consolidation, Home Renovations, Wedding Expenses, Furniture and more.

Can I get a secured personal loan?

Yes. Secured personal loans can be used if you don't qualify for an unsecured personal loan. Minimum secured personal loan is $5,000. (Classic, import, prestige vehicles, and older trucks will be considered). The finance will be secured by your vehicle giving the lender a high level of confidence in your willingness to repay the loan.

How long does it take to get my personal loan approved?

Usually just a few hours, however complex or difficult personal loan applications can take a few days. With the wonders of modern technology you can now sign your finance documents online, which makes the process of getting access to your funds much faster.

Does making too many personal loan enquiries affect my credit score?

Yes. Each time to apply for a personal finance it can impact your credit rating. Many lenders see multiple credit inquiries as behaviour of a high-risk customer. This is the exact reason you should use Fox Finance Group; we have the knowledge and experience to get your loan approved with the best Lender the first time – and protect your credit score. We’ll also educate you throughout the process - so you know exactly what your credit score is and what all lenders can see on your credit file.

What is the difference between a secured and unsecured personal loan?

Secured personal loan uses an asset as collateral, often offering lower interest rates. Unsecured personal loan requires no collateral but may have higher rates and lower borrowing limits.

Are there any costs for my personal loan application?

Applying for a personal loan with Fox Finance Group is completely free. Once approved, a one-off brokerage fee applies to cover the setup, approval, and establishment of your loan. These fees are included in your loan repayments, meaning no upfront cost. The fee varies depending on the loan amount and complexity. Many of our loans have no ongoing monthly account-keeping fees, and there’s NO fee if we’re unable to secure your loan or you decide not to proceed.

Will my personal loan have an early payout penalty?

Some personal loans may have an early payout or “exit” fee if you repay the loan before the agreed term ends. However, at Fox Finance Group, we work with a panel of 50-plus lenders, many of whom offer personal loans without early payout penalties, allowing you to repay your loan sooner without extra charges. We can match you with a lender whose terms fit your repayment goals, giving you flexibility and potential interest savings.

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About Fox Finance Group

Fox Finance Group is an Australian-owned company that has been helping our customers find the very best loans since 2006.

Our mission is to help borrowers navigate and understand the complexities involved with different lender requirements to find the loan that is perfect for them and their family.

Our verified financier panel includes only the most reputable lenders and banks who are regularly reviewed by our team for price, features and service to ensure they have best options in the market.

Our friendly lending specialists use their experience and knowledge to fight for you, getting you the best possible deal in the industry today.

If you’d like to know how much you qualify for, no problem, speak with us about setting up a loan pre-approval so you know exactly how much you can borrow and repayments will be, even before you commit to proceeding. This is an obligation free service that we provide our customers, so that you have the information needed to make informed decisions about your home finance options.

Our expert concierge team ensures all your touring needs. Come and see what the Sunshine Coast, Australia’s Leading 4×4 Fabrication Specialists has to offer you!

Want to learn more about what options are out there for you? Click the link below to book in a time for an obligation free funding discovery session with our Team.

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Why Choose Fox Finance Group?

19+ Years

as a Financial Services Group helping customers Australia wide

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$1 Billion+

of processed applications for everyday Australians and SME businesses

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100,000+

applications since 2006 and growing

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Questions? We've got answers!

Our personal loan pre-approval process costs you nothing and commits you to nothing. We work hard for you to present you with the best personal loan options on the market today that will save you money – then you get to make the final decision on which loan is right for you.
As a finance broker we only win when you win, so we look at every possible legal way to obtain your loan from one of our many lenders. Personal lenders consider things such as:
- Your current credit rating
- Your residential status and length of time there
- Your job and time there
- Your income
- The security offered on the loan (if applicable)
- Your Asset/Liability position
Yes, in most cases personal loans will be unsecured. Interest rates for these can be either fixed or variable and are very competitive in today’s market. Personal loans can be used for: Holidays, Car Purchases, Jet Skis or Boats, Debt Consolidation, Home Renovations, Wedding Expenses, Furniture and more.
Yes. Secured personal loans can be used if you don’t qualify for an unsecured personal loan. Minimum secured personal loan is $5,000. (Classic, import, prestige vehicles, and older trucks will be considered). The finance will be secured by your vehicle giving the lender a high level of confidence in your willingness to repay the loan.
Usually just a few hours, however complex or difficult personal loan applications can take a few days. With the wonders of modern technology you can now sign your finance documents online, which makes the process of getting access to your funds much faster.

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