When you think of a mortgage broker, you probably think of home loans. While that’s our bread and butter, your financial life often extends far beyond your home. What about that new car you need, the boat you’ve always wanted, or the essential equipment for your small business?
At Myloan Buddy, we believe in a holistic approach to your finances. That’s why we also help our clients find the best Personal loans Australia and asset finance to help them achieve all of their goals.
What is Asset Finance?
Asset finance is a broad term for loans used to purchase specific assets, such as vehicles, machinery, or business equipment. It’s an essential tool for both individuals and business owners. Instead of a personal loan that’s based on your income, an asset loan is secured by the asset itself. This can often result in:
- Lower interest rates compared to unsecured personal loans.
- Flexible loan terms that can be tailored to the asset’s lifespan.
- Streamlined application because the asset acts as security.
For example, a business owner might use asset finance to purchase a new delivery van, while an individual might use it to buy a caravan or boat.
Getting the Right Personal Loans Australians?
A personal loan is a lump sum of money that you borrow for a specific purpose, such as:
- Debt consolidation: Combining high-interest debts like credit cards into a single, lower-interest loan.
- Travel and holidays: Funding that dream trip you’ve been planning.
- Special events: Covering the costs of a wedding or a big birthday.
- Unexpected expenses: Handling medical bills or emergency repairs.
Most personal loans are unsecured, which means they are not backed by an asset. While interest rates may be higher than asset finance, they offer more flexibility in how you use the funds.
How Myloan Buddy Can Help
Just as we compare home loans from a wide range of lenders, we do the same for personal and asset finance. The right loan for your needs might not be with your current bank. We take the time to:
- Understand your goals: Whether it’s a new car or debt consolidation, we’ll listen to your needs.
- Compare your options: We’ll search our panel of lenders to find loans that offer the best rates and features for your situation.
- Handle the paperwork: We manage the application process from start to finish, ensuring a smooth experience.
Don’t let your financial goals be put on hold. Whether you need a new car for your business or simply want to get on top of your debt, we can help.
Ready to take the next step?
or Call us now on 0433 533 759.
