What is a finance broker?

A finance broker acts as an intermediary between you and lenders. We have relationships with multiple lenders, allowing us to shop around for the most competitive rates and terms on your behalf.

JLP Financial may charge an origination fee. Lenders may charge establishment fees and monthly fees. All fees will be clearly disclosed before you enter into any credit contract.

How many lenders do you work with?

We have relationships with over 40 lenders across Australia, from major banks to specialist finance companies. This breadth allows us to find competitive options for a wide range of situations and credit profiles.

Will applying affect my credit score?

Your initial enquiry with us does not impact your credit score. A credit check is only performed when we submit a formal application to a lender with your consent. We only submit to lenders we believe will approve your application.

How long does the approval process take?

The whole process would be completed within 48 hours. Some complex situations may take longer. Initial contact within 5 minutes, lender submission same day within 1-2 hours, and settlement within 24-48 hours.

What documents will I need?

For personal/PAYG applicants: driver's licence or passport, 2x payslips, and a completed application form. Business applicants can choose low doc (licence, Medicare/passport, application form, ABN details) or full doc (2 years tax returns, application form, sometimes bank statements/ATO portals). Self-employed applicants have the option for low doc or consumer with 1 year tax return, Notice of Assessment, and 3 months bank statements. We'll guide you through exactly what's needed.

Yes! You can start your application online through our quote form. A specialist will then contact you to complete the process and gather any additional information needed.

What areas do you service?

We service clients Australia-wide. While we're based in Australia, all our processes can be handled remotely via phone, email, and electronic documentation.

What happens after I settle my finance?

After settlement, you'll receive your finance documentation and the asset is yours to use. You'll make regular repayments to the lender as agreed. We remain available if you have any questions or need to refinance in the future.

How do interest rates work?

Interest rates depend on factors including your credit history, loan amount, loan term, asset type, and whether you're an individual or business. We'll always clearly explain the rate and total cost before you commit.

Do I need an ABN to get business finance?

Yes, an active ABN is typically required for commercial finance products. For newer businesses without trading history, we may be able to use your personal income to support the application.

Can I claim GST on my finance?

If you're GST-registered and use a Chattel Mortgage, you can typically claim the full GST on the asset purchase upfront. Consult your accountant for specific advice.

What if my business is new?

We work with lenders who support new businesses. Requirements vary, but we can often use the personal income of directors to support applications for businesses less than 2 years old. A larger deposit may improve approval chances.

Can I finance used equipment?

Yes, we finance both new and used equipment, vehicles, and machinery. Terms and rates may vary based on the asset's age and condition. Very old assets may have shorter maximum terms available.

What's a balloon payment?

A balloon (or residual) is a lump sum due at the end of your loan term. It reduces your monthly payments but means a larger final payment. At term end, you can pay the balloon, refinance it, or (with a lease) return the asset.

Can I get finance with outstanding ATO debt?

It depends on the situation. Some lenders consider applications with managed ATO payment plans. Being upfront about your situation helps us find appropriate lender options.

How much can I borrow for equipment?

Equipment finance amounts typically range from $5,000 to $2 million or more. The amount you can borrow depends on your business financials, the asset type, and your credit profile. We'll give you an indication during your initial consultation.

What's the minimum loan amount for personal finance?

Most personal finance options start from around $5,000, with some lenders offering smaller amounts. Maximum amounts typically go up to $150,000 for personal loans and higher for secured car/caravan finance.

Do I need a deposit for a car loan?

Not always. Many lenders offer 100% finance on suitable vehicles. However, having a deposit can help you access better rates, reduce monthly payments, and may improve approval chances.

Can I get finance with bad credit?

Yes, we work with specialist lenders who consider less-than-perfect credit. While rates may be higher, we can often find options for clients who've been declined elsewhere. We'll be honest about your options.

How does car loan approval work?

After you apply, we assess your situation and submit to appropriate lenders. Pre-approval (subject to vehicle inspection) often comes within 24 hours. Once you've chosen a vehicle, we finalize approval and arrange settlement.

Can I pay off my loan early?

Most loans allow early repayment. Some have no exit fees after a certain period, while others may have break costs. We'll explain the terms clearly before you sign and help you choose a loan that suits your plans.

What's the difference between fixed and variable rates?

Fixed rates stay the same for your loan term, giving payment certainty. Variable rates can go up or down with market conditions. Most vehicle and asset finance uses fixed rates for predictability.

Can I include insurance in my finance?

Some lenders allow insurance to be included in your loan. However, this increases the total borrowed amount and interest paid. We recommend comparing standalone insurance quotes to ensure you're getting value.

What happens if I can't make a payment?

If you're facing financial difficulty, contact your lender (or us) as early as possible. Lenders often have hardship provisions to help you through tough times. The worst thing to do is ignore the problem.

What information do I need to apply?

Basic information needed includes: your personal details, employment/business information, income details (2x payslips for PAYG), asset you're financing, and preferred loan terms. We'll guide you through any additional requirements specific to your situation.

How long does approval take?

The whole process would be completed within 48 hours. Some complex situations may take longer. Initial contact within 5 minutes, lender submission same day.

What is conditional vs. unconditional approval?

Conditional approval means you're likely approved pending verification of details and asset inspection. Unconditional (or formal) approval is the final green light confirming your loan is ready to settle.

How does settlement work?

Once unconditionally approved, we prepare settlement documents for you to sign (often electronically). The lender then pays the vendor directly, and you collect your asset. The whole process can happen within 24 hours of final approval.

Can I use a broker if I already have a quote from a bank?

Absolutely! We can review your existing quote and see if we can match or beat it. Often we can find better rates or terms through our panel of lenders. There's no obligation and no cost to compare.

What if I change my mind after applying?

You can withdraw your application at any time before signing final documents. Once you've signed, cancellation may involve costs depending on the lender and timing. We'll always explain your obligations clearly.

Frequently Asked Questions

Find answers to common questions about asset finance, our process, and how we can help you.

Still Have Questions?

Can't find what you're looking for? Our team is here to help with any finance questions.