loans.com.au Questions & Answers

Are new path lending any good

Thank you @CeeJay for your review. I wish I had seen this sooner as I am facing the same delays and issues with my home loan application. I’m not confident they will come through even though My case is simple and straightforward with all docs submitted. Definitely should avoid loans.com.au!

When will we find out about rate cuts? I must add I’ll be very disappointed if it isn’t passed on and passed on in full.

Has anybody gotten a fixed interest rate car loan with loans.com.au and their interest rate got suddenly changed during the fixed term loan period ? Are there any hidden fees or suprises on the way because I am on the stage of signing with them but the loan contract seems vague and subject to "changes". Anybody has an experience they want to share?

What are the application fess for a new car loan? How do I find out if my car is on your "green Car" list without having to give you my private contact information? You have an online chat for questions, make it useful.

Our homeloan - owners occupied with you are still 3.34%, it is no where near the advertised rate. why?

Does anyone know if they accept 1 year proof of bonus or do I need 2 years?
Thanks

Im looking at a car loan. Is the interest rate offered today locked in for the duration of the loan or can loans.com.au put Up the interest rate at any stage of the loan period?

Do existing customers get locked out from lower interest rates advertised?

How long does it take to get the loan from initial application?

How long does it take for money to transfer from loan account to a different bank account?

What is their online platform like for using with an offset account with redraw facilities?

Hi,

If I leave loans.com do a get the $300 fee per loan split or is this only per security.

i have been in my job for 10 weeks, and have a 3 month probation, is this a problem? or should I get a letter from my employer?

Hi loans.com.au,
Could you please explain why transfers are not carried out on the weekends?
For example If I transfer from an external account on a Friday morning, the money will not show up in he loan account until Monday afternoon. Yet if I transfer on Tuesday, transfer arrives next day.
This means additional interest, as it is calculated daily, yet we can't transfer daily. Unfair

Hi,

Does loans dot com au allow to top up the existing loan on investment loan? If not, do you allow to top up the existing owner occupied loan? I know that borrowing capacity, financial capacity and revaluation of the property are still required I just want to find out if they allow to top up the existing loan? Thanks

For a car loan does money go to me first to then pay the dealer or do i have to organise for loans.com.au to pay the dealer?

I am considering refinancing with loans.com.au.

I'm thinking about whether their offset account is a good idea. If I were to go for the offset option and move our daily banking to them, how well does their system work compared to larger banks? I currently have accounts with two banks, and have noticed lately transfers made in the morning appear at the other bank on the same day. Does anyone know if loans.com.au have similar processing times to these other banks? It's pretty handy now that we don't always have to wait for overnight transfers any more!

I’m thinking of refinancing my home with this lender. With all the reviews I’ve read about them raising the interest after signing has me worried. Will they really raise my interest and repayments as soon as I sign? What are the hidden costs if any? I know it’s going to cost around $1200 to refinance but no ongoing costs after that apparently. Am I correct?

In my contract it says 'a management fee interpreted as commission is payable over the life of the loan. The amount of commission is not certain at this date'
Does anyone know roughly what the ongoing fees are?
Thanks