Finance Loans

You dream it, we get the loan for it

Whether you’re buying your first home, extending your old one or acquiring another business, searching for the best loan can be a headache.

At MDM Finance, we have access to loans the banks don’t have because we are an independent finance broker.

We have a superior track record in matching the right loan to the right situation, with a host of happy clients to testify to our loan success.

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Shopping For A Loan? Things To Know

If you’ve ever applied for credit or a loan, you will now have a credit report. Information on your credit report includes credit information, personal information and public record information.

Credit providers use the information in your credit report to help work out whether you can afford a loan, or a larger credit limit on an existing loan, and whether you are able to repay it.

Your credit report is available to credit reporting bodies, credit providers such as banks and utility providers and, importantly, you.

It’s a good idea to check your credit report each year to identify any possible mistakes or identity theft.
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Your First Meeting With Us

Your first meeting will usually take around an hour. We will:

Ask what you are looking for in a loan and understand the particulars of your situation
Calculate your borrowing capacity and what your repayments will be so you’ll know what sort of range you can buy in
Help you choose the loan and associated features that meet your needs from a panel of lenders
Explain the application fees and other charges associated with a loan
Make the process clear and simple.

Income Assessment

Australian lenders need to have documents which validate the income disclosed in loan applications.
We assist in this process by requesting copies of:

Group Certificates
A letter from your employer (if relevant)
Bank statements

When we submit a loan application on your behalf, the bank will give your loan a credit score based on the overall risk that you pose.

When you are ready, we will guide you through the application for the loan of your choice. You’ll need to have some documentation and information ready for the broker to see. The documents you need will depend on the type of borrower you are, and the type of loan you’re after. We will tell you what is needed to submit to the lender you’ve chosen.

You should feel informed and confident in the next steps in the process when you leave your first appointment. And the good news is – we will be with you every step of the way!

Call us today to discuss the loan you need!

03 9855 9290