FAQ

We provide finance for both personal motor loans and business vehicle finance so we advertise a separate rate for these two categories. Loans to businesses are considered as lower risk than loans to individuals and as such, attract a lower interest rate from the majority of lenders.

Businesses have ongoing operations, often with long term trading histories and significant assets and ability to repay the loan compared with personal loan applicants.

When sourcing quotes for all types of loans, Jade consultants address every application individually and negotiate hard on behalf of our customers to achieve the cheapest interest rates on all our loans.

No. 0% interest rates tend to be offered by motor vehicle dealers. It is widely considered that this is used as a promotional tool to attract buyers. In most cases, the 0% is only for an initial, short-term period of the loan term and in some cases subsidised within the margin of the goods sold.

This type of loan often includes inflated fees and charges so the lender can recoup the foregone interest on the loan.

If you are offered a 0% interest rate vehicle loan, you would be advised to read closely the terms and conditions and analyse the costs and assess the total cost of the loan. Jade can source you a quote so you can compare what we can achieve for you in the total loan cost.

By engaging Jade to source your motor loan, you have access to a large lending panel of both banks and non-bank lenders. Having more choices we know from experience can result in cheaper interest rates.

Engaging Jade allows you access to our expertise in negotiating cheaper rates than you can usually achieve on your own. We have strong bargaining power as well as access to lenders that are more flexible and open to negotiating rates.

Interest rates are offered by individual lenders based on the risk assessment of the individual applicant. Prior to applying for a loan, personal borrowers can address their credit profile and fix any issues which improve their profile and attract a better interest rate.

Business borrowers seeking no docs and low docs loans can sometimes improve their chances of achieving a better interest rate by providing more documentation to support their application.

Interest rates on a range of loans can be either fixed or variable. With fixed rates, the rate is set at the time the loan is established and remains at the rate for the entire loan term, regardless of any changes in the official cash rate (interest rate) as announced by the Reserve Bank of Australia.

With variable interest rate loans, the rate on the loan may change in line with RBA changes if the lender passes on those changes to their customers.

Jade arranges fixed interest rates for both business vehicle finance and Secured Motor Loans for personal borrowers. This provides you with certainty over the entire term of the loan.