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What are the Finance Brokers Contract / Finance Brokers Appointments?
These two documents are legal requirements for brokers in several states of Australia.
They are designed specifically to disclose the maximum limits for the credit you are seeking. The information contained in them, describes the upper limits on loans from the panel of lenders, and not an indication of what your actual loan terms will be.
This is one of the advantages of dealing with Finance Brokers Online is we have arrangements with over 20 lenders. This means we are able to get loans approved for people with previous credit defaults, but those people will often have a higher rate.
In States where these documents are required, you CANNOT get a consumer loan without completing them as they are legal requirements.
They are also required BEFORE your application can be passed on to any lender. |