Your Easy Loan Finance broker will speak with you over the phone to get to know you, understand your business, your loan requirements and your financial situation. We’ll request some initial documentation including your identification and copy of your recent business bank statement. In most cases, your broker will run through some initial loan options at this time to gauge your thoughts. 

Armed with a good understanding of your needs, your broker will now workshop the deal with our lender panel to find loan options tailored to your business. Typically, you’ll receive an initial Letter of Offer within 8 hours, indicating we have a lender willing to review your application. Your broker will discuss the offer with you in detail, including all expected fees and charges. At this stage, your credit file will not be impacted.

When you’re happy to proceed, give us the greenlight to prepare your loan application by signing your initial Letter of Offer. We may request further information and / or documentation from you at this point. We’ll then submit your application and negotiate favourable loan terms on your behalf. Our lenders will assess your application, and if you’re successful, will send you a formal Letter of Offer outlining the loan particulars.

On signing the formal Letter of Offer from your chosen lender, the settlement process will begin. This varies from lender to lender, and by loan type, but typically involves one or more requirements from you. For example, you may need to sign official loan documents with your lawyer, or be asked to request a Debt Confirmation from your first mortgage holder. In all cases, your Ezi broker will step you through each requirement, and do what they can to streamline and simplify the process for you.