Question 1

How is Loantec different from a bank?

Accepted Answer

We're a loan broker, not a lender. That means we compare rates from over 40 lenders to find the best deal for your situation. Banks can only offer their own products — we shop the entire market on your behalf.

Question 2

Does applying affect my credit score?

Accepted Answer

Our initial pre-qualification is a soft enquiry that does not impact your credit score. A formal credit check only happens once you choose to proceed with a specific lender's offer.

Question 3

Can I get a loan with bad credit?

Accepted Answer

Yes. We work with specialist lenders who consider applicants with defaults, judgments, and even past bankruptcy. Our brokers will assess your situation and find options that work for you.

Question 4

How long does the approval process take?

Accepted Answer

Many loans are approved within 24-48 hours. Vehicle and equipment finance can sometimes settle on the same day. Complex applications like business loans may take a few extra days.

Question 5

What documents do I need?

Accepted Answer

Typically, you'll need proof of identity (driver's licence or passport), recent payslips or income evidence, and bank statements. Our team will let you know exactly what's needed for your specific loan.

Question 6

Are there any upfront fees?

Accepted Answer

No. Our service is free to you. We earn a commission from the lender when your loan settles, so there's no cost to you for using our brokerage service.

Low interest loans
for every Australian.

Low interest loans
for every Australian.

Low interest loansfor every Australian.

Low interest loansfor every Australian.

Low interest loans
for every Australian.

Low interest loans
for every Australian.