Q: How long does it take for an approval?
A: Applications are usually be approved within 24 hours.
Q: Do I have to submit my businesses financials?
A: It is often possible to finance your purchase without showing your business financial details.
Q: I have not finalised my purchase yet. Is it possible to get pre-approval?
A: Yes. Many of our clients get their finance pre-approved first before confirming their order with the vendor. This can also strengthen your position when it comes to negotiating with the vendor or car dealer to get the best price. If you have your loan already approved the seller then knows you are serious about buying and that you have the funds available immediately. They know if they can give you a good price on the vehicle etc. they can have a quick settlement.
Q: Do my repayments increase if interest rates go up?
A: NO. When your finance has settled and the vendor has been paid the repayments are fixed. They will not increase if rates go up.
Q: Can I pay out my contract early?
A: Yes. Simply phone our accounts department and they will provide you with a payout figure.
Q: Does the equipment I am purchasing have to be new?
A: No. We can also finance used equipment and demo models.
Q: Can First 2 Finance organise financing for clients in rural Australia?
A: Yes. We have clients throughout Australia. We also represent suppliers that have branches nationwide. We can put together an application over the phone and once approved send you the finance agreement. You simply sign it and return it to us with proof of identification for settlement.
Q: Do I pay First 2 Finance any fees for working on my behalf?
A: No. First 2 Finance does not charge fees to clients.
Q: What is the maximum term I can finance my purchase?
A: Usually up to five years, although occasionally we have arranged finance over a six year term.
Q: Is my property used as security?
A: No. In the majority of cases your loan is secured against the equipment (or vehicle) without requiring your property as security.
Q: Can I make a deposit or upfront payment?
A: Yes. This will then reduce the amount of interest that you will pay.