Bringing you a diverse financial product range from Australia’s leading lenders
WISE Finance is able to offer access to an extensive lender panel with thousands of options so we can tailor your offering to suit your specific needs. We maintain relationships with our lenders, constantly reviewing our processes to deliver the most competitive solutions to benefit you, our client. We also offer welcome organisation programs.
Residential Fixed or Variable Home Loans
At some point in life, most Australians will take out a home loan and WISE Finance is here to help you through that process. Whether you’re looking to refinance at a more favourable rate, or buy your first property, our team will help you select a loan and navigate the complicated procedures.
After thoroughly assessing your current finances, we can provide you with a detailed selection of fixed or variable rate home loans. Please refer to our FAQ section for a breakdown of how fixed and variable loans differ.
If you borrow more than 80% of the value of the property, you’ll also have to pay Lenders Mortgage Insurance (LMI) as an upfront and ongoing charge. Fees may apply—such as break fees—when switching to a new loan or lender. This is another factor to consider when selecting the right product.
Commercial Fixed or Variable Loans
types available. Each option generally has its own risk profile depending on the purpose of your loan. Investment capital to purchase or refinance a property is considered low risk, while financing one-off projects or liquidity shortfalls are classified as high risk. The rates and lending limits will vary based on these, and other, factors.
Residential or Commercial Lines of Credit
Residential lines of credit are ideal for homeowners looking to get more flexibility from their loan. The loan recipient can use the line of credit to draw funds at any time, up to a set limit. However, just like credit card accounts, they are generally offered at a higher rate of interest than restrictive home or business loans—because of the higher risk for the lender. These are some of the features of a line of credit loan (may vary between lenders):
As with a residential line of credit, you can set up a limit for your business for easy access to funds when you need them. Lines of credit are recommended for clients with good budgeting and financial organisation; so speak to our brokers to see if they are right for you.
Mortgage Protection Insurance
In the case of injury, illness or any other factor that prevents you from repaying your loan, mortgage protection insurance can protect you from default by covering your repayments. In the event you pass away, the insurance will also pay out a lump sum, to clear the remaining balance on your home loan. Any excess will be paid to your family or dependants to be used freely.
Commercial Equipment, Vehicle & Asset Financing
Commercial financing is often your best choice when it comes to investing in new assets for your business. Ideally, these small loans are put towards equipment, vehicles or other items that may increase your income and cover the repayments. The interest may also be tax deductible if the asset is used to generate revenue for the business.
Personal & Private Car Loans
Personal loans work similarly to a home or business loan but on a much smaller scale. They are less flexible than credit cards and have a strict repayment schedule, but usually offer lower interest rates. One the most common uses for personal loans is buying a car.
There are 2 types of personal loans, secured and unsecured. Secured personal loans require an asset as security against the debt, which may be sold by the lender if you are unable to repay the loan. Unsecured loans don’t require security but generally charge a higher interest rate to offset the extra risk for the lender. You may also choose a fixed or variable rate loan.