Frequently Asked Questions

Kreddi is an Australian finance brokerage that compares 60+ lenders to find you the best rate and terms for car loans, equipment finance, home loans, and more. Simply submit your application online, and our expert brokers will search across our entire lender panel to secure you competitive financing. Best of all, our service is completely free - we're paid by the lenders, not you.

Kreddi charges $0 in broker fees to customers. We're paid a commission by the lenders when we successfully arrange your finance, which means you get expert advice and access to 60+ lenders without any cost to you. There are no hidden fees, upfront costs, or application charges.

The approval timeline varies depending on the lender and complexity of your application, but many of our customers receive conditional approval within 24-48 hours. In some cases, same-day approval is possible. Once you submit your application, we work quickly to compare offers and present you with the best options.

Yes, Kreddi holds an Australian Credit Licence (ACL XXXXXX) and operates under the regulations set by the Australian Securities and Investments Commission (ASIC). We're required to act in your best interests and maintain strict professional standards. Your privacy and data security are protected under Australian privacy laws.

No! The entire application process can be completed online from anywhere in Australia. Simply fill out our 2-minute application form, upload any required documents, and our team will handle the rest. If you prefer to speak with someone, you can always call us for personalised assistance.

Yes! Kreddi works with specialist lenders who cater to customers with less-than-perfect credit histories. While bad credit may affect your interest rate and loan terms, we have access to lenders who focus on your current financial situation rather than just your credit score. We'll work to find you an approval even if you've been declined elsewhere.

We arrange finance for new cars, used cars, electric vehicles, motorcycles, trucks, boats, and caravans. We also offer specialist products like novated leases, business car loans, and refinancing. Whether you're buying from a dealer or private seller, we can help.

Yes! We work with lenders who offer 100% financing with no deposit required. However, providing even a small deposit (10-20%) can help you secure a better interest rate and lower monthly repayments. Our brokers will advise on the best approach for your situation.

Interest rates vary based on your credit history, loan amount, loan term, and the lender. Rates typically range from 5% to 15% p.a. for car loans, though rates can be higher for customers with credit challenges. Once you apply, we'll present you with specific rates from multiple lenders so you can compare and choose.

Most lenders offer car loans from $5,000 to $150,000, though some specialist lenders can go higher for luxury vehicles or business fleets. The amount you can borrow depends on your income, expenses, credit history, and the value of the vehicle you're purchasing.

A chattel mortgage is a loan where you own the equipment from day one and use it as security for the loan. It's best for businesses claiming GST and tax deductions. Hire purchase means the lender owns the equipment until the final payment is made, then ownership transfers to you. Both have different tax implications - our brokers can explain which suits your business best.

We finance all types of business equipment including construction machinery (excavators, bobcats, trucks), medical equipment (ultrasound, dental chairs, MRI machines), agricultural equipment (tractors, harvesters), restaurant equipment (ovens, fridges), and more. If it's used for business, we can likely finance it.

Deposit requirements vary by lender and equipment type, but typically range from 10-30%. Some lenders offer 100% financing for established businesses with strong financials. The larger your deposit, the better your interest rate and approval chances.

Yes! We finance both new and used equipment. However, lenders typically have age restrictions (e.g., equipment manufactured within the last 10-15 years) and may require an independent valuation for used items. Our brokers will guide you through the requirements.

Typical documents include proof of identity (driver's licence, passport), proof of income (recent payslips, tax returns for self-employed), bank statements (last 3 months), and details of the asset you're financing (if applicable). The exact requirements vary by lender and loan type - we'll guide you through what's needed for your specific situation.

Absolutely! We work with lenders who specialise in self-employed applicants. You'll typically need to provide 1-2 years of tax returns and business financials (profit & loss statements, BAS statements). Some lenders offer "low doc" options that require less paperwork for self-employed borrowers.

Yes! Adding a co-applicant (joint application) or guarantor can strengthen your application and potentially secure better rates. This is particularly helpful if you have limited credit history or lower income. Both parties will be equally responsible for the loan repayments.

Don't worry - a bank decline doesn't mean you can't get finance. Banks are just one type of lender, and they often have stricter criteria than specialist lenders. We work with 60+ lenders including non-bank lenders who assess applications differently. Apply with us and we'll explore all your options.

Once you submit your application, you'll receive regular email updates from your dedicated broker. You can also contact us anytime via phone or email to check your status. We keep you informed every step of the way from submission to settlement.