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WELCOME

Welcome to Loan Pro Finance – Your Dedicated Partner in Financial Solutions

At Loan Pro Finance, we understand that managing finances can be a complex and overwhelming task. Whether you are a business owner dealing with tax debt, a first-home buyer pursuing your ideal property, or seeking to refinance or consolidate existing debt, our team is here to provide expert guidance at every stage.

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We specialise in delivering customised financial solutions designed to help you regain control, achieve your goals, and secure a more stable financial future. With our extensive experience and commitment to client success, we are dedicated to making your financial journey as seamless as possible.

Contact us today to discover how we can assist you in navigating your financial challenges with confidence and clarity.

Get to Know Us

Our Areas of Expertise:

  • Business Tax Debt Consolidation: Gain control of your business’s tax obligations with bespoke solutions tailored to reduce financial strain and streamline your repayment process.

  • Asset Finance: Unlock the capital needed to propel your business forward by acquiring the equipment or assets that are crucial to your success.

  • Home Loans for First-Time Buyers: Realise your homeownership goals with competitive interest rates and expert guidance tailored to first-time buyers.

  • Refinancing Services: Optimise your financial position by saving money and reducing repayments through personalised refinancing options designed to meet your specific needs.

FAQ

Have questions? We’ve got answers!

At Loan Pro Finance, we understand that navigating financial solutions can sometimes feel overwhelming. To make things easier, we’ve compiled answers to the most commonly asked questions about our services. If you don’t find what you’re looking for here, feel free to reach out to us directly—we’re always happy to help!

Types of loans 

  • Personal Loans: For general purposes like debt consolidation, home improvements, or large purchases.

  • Home Loans: For buying a new home or refinancing an existing mortgage.

  • Car Loans: To finance the purchase of a new or used vehicle.

  • Business Loans: For funding business operations, expansion, or equipment purchases.

  • Asset Finance: For financing equipment or machinery for your business.

What are the basic requirements:

  • Age: You must be at least 18 years old.

  • Residency: You need to be an Australian citizen or permanent resident, or hold a valid visa.

  • Income: Lenders will require proof of your income (e.g., payslips, tax returns).

  • Credit History: A good credit score increases your chances of approval, but some loans are available for those with poor credit.

  • Employment Status: Lenders often require stable employment or consistent income.

Can I apply for a loan if I have bad credit?
Yes, it is possible to apply for a loan with bad credit, but the approval process may be more challenging. You may be offered loans with higher interest rates or limited terms. It’s important to work with a lender who specializes in bad credit loans or explore options like debt consolidation if you need help improving your financial situation.

What is Lenders Mortgage Insurance (LMI)?
LMI is insurance that protects the lender in case you default on the loan. If your deposit is less than 20% of the property’s value, the lender may require you to pay LMI. This cost can be added to your loan, or you may need to pay it upfront.

Can I apply for a loan if I’m self-employed?
Yes, self-employed individuals can apply for loans. However, lenders may require additional documentation, such as tax returns or financial statements, to verify your income. A stable income history and good credit score will increase your chances of approval.

What types of home loans are available?
There are several types of home loans in 

  • Standard Variable Rate Loan: The interest rate can fluctuate based on market conditions.

  • Fixed Rate Loan: The interest rate is locked in for a set period (usually 1 to 5 years).

  • Interest-Only Loan: You only pay the interest for a set period, and the principal balance remains unchanged.

  • Split Loan: A combination of fixed and variable rates.

  • First Home Buyer Loan: Special loans and government assistance programs designed for first-time homebuyers.

What is the First Home Owner Grant (FHOG)?
The First Home Owner Grant (FHOG) is a government initiative to help first-time buyers purchase a home. Eligibility and the amount of the grant can vary by state and territory. It’s important to check the specific details for your location to see if you qualify for this grant.

Can I refinance my home loan?
Yes, refinancing your home loan can help you secure a better interest rate or loan terms. If you're looking to reduce your monthly payments, change your loan type, or access equity in your home, refinancing could be a good option. The process involves applying for a new loan to pay off your existing loan.

What happens if I can't repay my loan?If you’re unable to make your loan repayments, it’s important to communicate with your lender as soon as possible. Many lenders offer hardship programs or options to restructure your loan. Failure to repay your loan can negatively impact your credit score and may result in legal action or the seizure of assets, depending on the type of loan

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