FAQs
Frequently Asked Questions
Some of you have really good questions.
Here’s a list of commonly asked questions and answers that might help along your loan journey.
About Capital Lenders
Capital Lenders is a finance service that connects Australians with personalised loan options. From home and car loans to business and SMSF loans, we offer flexible finance solutions tailored to individual needs.
We compare multiple lenders to find you competitive rates and tailored loan options. Banks can only offer their own products, while we focus on what works best for you.
Interest rates vary depending on the loan type, your financial profile, and the lender. We’ll help you find the most competitive rate available to your circumstances.
No. We help you secure finance, but you're free to choose where and what you purchase—whether it's a vehicle, property, or equipment.
Getting My Loan Approved
Most approvals happen within 24 to 48 hours once we have all your documents. In many cases, conditional approval can be given the same day.
Yes. We work with lenders who consider applicants with less-than-perfect credit. We’ll do our best to find an option that suits your situation.
We use a soft credit check for pre-approval, which does not impact your credit score. A hard enquiry is only made when you're ready to proceed with a lender.
Applying for a Loan
If you’re over 18, a permanent resident, and earning a regular income, you may be eligible. Loan approval also depends on your credit history and financial stability.
Generally, you’ll need ID, proof of income (like payslips or bank statements), and details about the asset or purpose of the loan. We’ll guide you through exactly what’s required.
Some lenders may consider applications after bankruptcy, especially if it's been discharged. We'll explore suitable options based on your current profile.
Yes. Many self-employed applicants qualify. You may need to provide tax returns or bank statements to show income stability.
Paying My Loan
Yes. Late or missed payments can impact your credit rating. It’s important to communicate early if you’re experiencing difficulties, so we can help.
In most cases, yes. Some lenders may charge an early exit fee or break cost, while others offer flexible early repayment options.
A balloon payment is a lump sum due at the end of a loan term. It lowers regular repayments but means you’ll owe a larger amount in the end, which you can either pay out or refinance.
