Whether you’re investing in yourself or growing your business, we’ll help you find the perfect loan—no stress, just Centsible options tailored for you.
Here you will find the answers to the most common questions that we get asked.
Yes — while your options may be more limited, there are lenders who work with applicants who have defaults or poor credit. We can help you explore what’s available.
Your rate is based on several factors — including your credit score, loan type, lender, financial history, and whether the loan is for personal or business use.
Lenders assess your credit score, income, expenses, existing debts, job or business stability, and the asset you’re financing. Even your living situation and banking conduct can play a role.
Not always — many loans offer 100% financing, especially for vehicles. A deposit can improve your approval odds or reduce repayments, but it's not always required.
If you own a property or other significant asset, you’re considered “asset-backed.” Even if you’re not using it as loan security, it shows lenders you have financial stability — which can improve your chances of approval, open up more lender options, and help you access better rates.
A higher credit score usually means better interest rates, more lender options, and stronger approval odds. A lower score doesn’t mean you’ll be declined — but it can impact your rate or limit your choices. It also depends on why your score is lower (like missed repayments vs. minimal credit history).
Yes, some lenders allow a guarantor to strengthen your application — especially if you have limited credit history or income. The guarantor must meet eligibility criteria and accept legal responsibility for the loan if you can’t pay.
Yes, depending on the type and amount of payments you receive. Some lenders accept certain Centrelink benefits as part of your income, especially if combined with other income sources. We’ll assess your situation and match you with the lenders most likely to say yes.
Generally, you can’t finance illegal items, unregistered vehicles, or anything used primarily for personal gain in a commercial loan (and vice versa). Some lenders also exclude very old vehicles or items that can’t be properly valued.
Fixed rates stay the same for the life of the loan — great for predictability. Variable rates can change over time, meaning your repayments might go up or down depending on the market.
Loan terms typically range from 1 to 7 years, depending on the loan type, lender, and your financial profile. Some options may offer longer terms for certain asset types.
Some lenders allow early payout without extra costs, but many charge early termination fees, which can vary. It all depends on your loan contract — we’ll help you choose a structure that suits your goals.
A balloon is a lump sum (also known as a residual value) due at the end of your loan term. It lowers your regular repayments by postponing a portion of the loan to the end. Balloons are common in vehicle and commercial finance and can help with cash flow — but you’ll need a plan for the final payment. Balloons are available on some loans, depending on the lender and your application.
Most lenders let you choose — weekly, fortnightly, or monthly — depending on what suits your cash flow best.
Yes — many people refinance to get a better rate, reduce repayments, or free up cash. It depends on your current contract and financial position at the time.
If you’re self-employed or don’t have standard financials like tax returns or payslips, a low-doc loan could be an option — especially if you have a solid credit history and can provide alternative proof of income like BAS statements or bank records.
Low-doc loans require minimal paperwork if your credit and business history are solid — usually just some ID, your ABN, and a credit check. For standard loans, lenders may also ask for recent bank statements, tax returns, or other proof of income depending on the loan type.
Yes! We can help you finance a wide range of business assets — including vehicles, tools, machinery, office equipment, and more.
Yes — you’ll need an active ABN or ACN to access commercial loan options. Sole traders, partnerships, companies, and trusts can all apply.
It varies by lender, but commercial loans can start from as little as $5,000 and go into the millions depending on your financials, purpose, and credit profile.
A chattel mortgage is a specific type of commercial loan used to finance business-use vehicles or equipment, where the asset is the security. It offers potential GST and tax benefits, most commercial auto loans will be a chattel mortgage.
Lenders usually avoid Uber, Menulog, or gig-related loans because income can be inconsistent and hard to prove, and the vehicle wears down faster, lowering its value as security. Some lenders may still consider it, but usually with higher rates or tighter conditions. If you have another job, including it in your application can really help.