FAQ's

Please take a moment to read our Frequently Asked Questions to learn more about our products and services. We have tried to answer our most frequently asked questions, although if you have a question not listed below, please get in touch with us and we will happily answer your loan or finance questions.

The Fit Finance team will take the time to understand your needs and will assist you with obtaining the best loan suited to you.

The information required depends on your individual circumstances, but it usually consists of:

  • Application form
  • Identification – Driver’s license, Medicare card
  • Payslips – last 2 per applicant
  • Supporting documents for other income – rental statements, benefits etc
  • Contract of Sale – for purchases
  • Rates notices for refinances
  • Bank Statements – last 6 months – main transactions account and existing loans & credit cards

Our brokers are usually remunerated by the financier. In some circumstances we charge a fee where we assist you with a solution and the financier will not remunerate us or the solution is of a complex nature and an additional fee is required to cover the time and effort of implementing the loan(s). In the event an upfront fee is payable we will provide a credit quote to ensure the fee is acceptable and there are no surprises.

Each financier has a different Approval process. Depending on the financier an approval can be obtained within 24 hours, however, most are within 5-10 business days. Please note we will work with you and the financier to ensure all deadlines are met.

We are accredited with over 30 consumer financiers and over 40 in total (Business, consumer and equipment finance).  A list of lenders on our panel can be viewed here. Our Lenders 

If your loan is fixed and you wish to make additional repayments, then there may be a penalty. Most financiers allow you to make an additional repayment up to a certain limit without penalty (open $20k during the fixed rate period). If a penalty does apply it usually arises when the banks cost of funds has reduced compared to your fixed interest rate.

The Fit Finance team view our customers as partners. We will help you with your initial finance requirements and continue to support you as your circumstances change. We will continue to stay in contact and review your finances to ensure you are getting the most appropriate products and services.