FAQs

Q Can I buy a truck or excavator for a newly setup business? I have never borrowed money in the past

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Yes, everybody has to start from somewhere, we have a number of lenders who can look at your application even if you are a start-up business. Just give us call on (03) 9324 7971 to see if you qualify. For further details please click here.

Q My bank has declined the loan, can I apply again to another lender?

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Yes, of course you can. A denied application doesn’t mean that you are not qualified for that loan, it only means that you don't fit their policy. Every lender has different policies and procedures to assess your application. Choosing the appropriate lender is the most difficult task and you should always leave it to the experts. Please give us a call on (03) 9324 7971 to see if you qualify.

Q Do we need to put our house as a guarantee for a truck loan or any commercial vehicle loan?

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No, The commercial asset in itself is a security, the lender doesn't need any extra security unless they ask for it. When you are applying for any finance, you can always ask your broker if your properties will be tied with the loan you are applying for. We will be very transparent with you in relation to your security. We don't want your dream home to be tied with your commercial asset/s.

Q What types of loans do you offer?

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We specialise in all types of equipment finance which includes but is not limited to cars, trucks, trailers, excavator and more. In addition, we have various business loans and development funding options for you.

Q What is a credit score and is applying for a loan going to affect my credit score or rating?

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This is the million dollar question. Your credit score is used to help lenders decide whether or not to lend money to you. Applying for a loan doesn't mean your credit score is going to be negetively impacted. It may or may not negatively affect your credit score. Even if you have a low credit score, there are many lenders who will happy look at your application. To find out more about healthy and poor credit scores, please click here

Q Can I get a free PPSR report?

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Yes, we can definitely assist you to get a free PPSR report if you'd like. Please visit our website www.jagfinance.com.au to send us your information or call us on (03) 9324 7971.

Q Can I get a free personal credit file?

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Yes, we can definitely assist you to get a free copy of your credit file, Please visit our website www.jagfinance.com.au to send us your information or call on (03) 9324 7971.

Q What is a PPSR? What should we look into the PPSR? And why it is important?

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Most lenders are directing their interest to the personal property (assets or equipment etc.) through the personal property securities register. This register keeps the data of all the interested parties who have put their interest onto a personal property. When you are purchasing any asset that includes but is not limited to trucks, trailer etc. from a private vendor, you must make sure that you are checking the PPSR before making any payment. To find out more and get a copy of a free PPSR report please click here.

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