Why use a finance specialist
No online tool can give you a true rate, and the wrong applications can cost you thousands. Here is exactly why, and how our team gets you the right lender, the first time.
50+
Lenders compared
$11K+
Avg interest saved on a $40K loan
0
Hard enquiries to compare
24h
Typical approval time
Why no online tool can give you an exact rate
We compare 50+ lenders, each with multiple products, tiers and rules. That is thousands of possible combinations for a single applicant. Here is what actually moves your rate.
Credit score and file depth
Each lender weighs defaults, paid vs unpaid, file age and prior enquiries differently. The same score is Tier 1 at one lender and a decline at another.
Employment type and tenure
PAYG, casual, contract, self-employed and pension all have different entry points. Some lenders need 6 months in role, others 2 years. Probation is a deal-breaker for some.
Asset age at end of term
A 2024 car at 5 years is fine. A 2010 ute at 7 years pushes most prime lenders out, lifts the rate by 2 to 4 percent, or forces a shorter term.
ABN and GST tenure
ABN under 12 months, GST under 24 months, or no financials all change the lender list and rate band. 2-year ABN with BAS unlocks low-doc prime pricing.
Loan size, deposit and LVR
Lenders price differently above and below $30K, $50K and $75K. Deposit, trade-in and balloon all shift the LVR band you fall into.
Asset type and purpose
Consumer vs commercial, secured vs unsecured, primary asset vs secondary, dealer vs private sale. All change which lenders will fund and at what rate.
A real example we see weekly
Two applicants want $40,000 for a used ute. Same income, same deposit, same credit score on paper.
- Applicant A buys a 2023 ute, 2 years PAYG, no defaults. Lands at Tier 1 prime, around 7.49 percent.
- Applicant B buys a 2014 ute, 14-month ABN, one paid default. Same lender declines. Two non-prime lenders quote between 12.99 and 17.99 percent.
Identical request on paper, very different outcomes. That is the gap an online calculator cannot bridge, and the reason a real assessment matters.
One enquiry can cost you thousands
Every direct application leaves a hard enquiry on your credit file. The exact score impact varies, we have personally seen anything from 20 points to 130 points lost from a single enquiry, because the formula is set by the credit reporting bodies and depends on file depth, file age, existing enquiries and your current score band. Stack a few enquiries in a short window and the compounding damage becomes severe.
Score movements are not fixed. The credit reporting bodies set the algorithm, and the same enquiry can cost one person 20 points and another person 130. There is no public formula, which is exactly why protecting your file matters more than chasing a number.
What it actually costs
$11,000 to $14,000 extra interest
On a $40,000 loan over 5 years, moving from a Tier 1 prime rate of 7.49 percent to 13.99 percent because of unnecessary enquiries adds roughly $11,000 to $14,000 in interest you should never have paid.
How long the damage lasts
Up to 5 years on file
Hard enquiries stay visible on your credit file for 5 years and actively impact pricing for 6 to 12 months. A bad month of shopping can lock you out of prime pricing for the rest of the year.
How we protect your file
We run a soft profile match against every lender on our panel before anything is submitted. That means one assessment, no hard enquiry, and we only lodge with the lender where you are pre-qualified at the best tier. Your score stays intact, your options stay open, and you stay in prime pricing.
Why scattering applications hurts
Each lender enquiry leaves a mark. We run one soft check across the panel instead.
Illustrative — up to ~70 points difference.
Why use our specialist team
We do the work that an online form cannot. Real policy knowledge, real lender relationships, real negotiation, all without you lifting a finger.
One soft check, not five hard hits
We assess eligibility against every lender on our panel without lodging applications, so your credit file stays clean and your score is preserved.
Access to non-public pricing
Accredited panels unlock rate tiers, fee waivers and policy exceptions that retail customers cannot see on a lender website.
Policy knowledge across 50+ lenders
We know which lenders accept casual income, recent ABNs, paid defaults, Part 9 or older assets, before we submit anything on your behalf.
We negotiate on your behalf
Pricing, fees, balloon and term structure are negotiated as part of every submission, not taken at face value from the lender's first offer.
Structuring that saves real money
Term, deposit, balloon and asset choice are tuned to your cash flow and tax position, not the lender's default settings.
End-to-end management
We coordinate documents, settlement, dealer payouts and refinances. You do not chase the lender, the dealer, or your accountant.
Privacy and security built in
All sensitive data is encrypted with AES-256-GCM and only released to lenders you approve, in line with the Privacy Act 1988.
Compliance done right
Preliminary assessments, Best Interests Duty, and full disclosure built into every deal. ACL 509582, AFCA member 96925.
How we assess fit across 50+ lenders
Before a single application is lodged, we run your full profile through every lender's live policy and pricing tier. The lenders that would decline you, mis-price you or treat your file roughly never see it.
Policy match, not just rate
Each lender has its own rules on credit score floors, defaults, ABN tenure, asset age, employment type, deposit and LVR. We map your profile against every one of these before submitting.
Pricing tier match
Within each lender there are 3 to 6 risk tiers. We pre-position you in the right tier so the rate you receive is the rate you should receive, not a default offer.
Asset and structure match
Asset age at end of term, balloon, term length, dealer vs private sale, consumer vs commercial. All of these change which lenders will fund you and at what cost.
Income and serviceability match
We compute serviceability the way each lender computes it, using their HEM, casual loadings, overtime treatment and self-employed income shading. No surprises post-submission.
Soft profile assessment
Initial matching uses a soft profile review that does not lodge enquiries with any lender. Your credit file stays untouched until you accept a specific match.
Single-shot submission
Once we have your match, we submit to one lender at the right tier. No spraying. No repeat hits. No file damage from speculative applications.
How we protect you from unsuitable submissions
An unsuitable submission is one that has a low chance of approval, or is approved at a worse tier than you deserve. Either outcome costs you, the first burns your credit file, the second costs you thousands in extra interest. Our job is to make sure neither happens.
- We do not submit speculatively, ever, even if you ask us to
- We rule out lenders whose policy clearly does not fit your profile
- We rule out lenders that would price your file harshly
- We hold the file if a better-fit lender is days away from a policy change we have visibility on
- We document every reason for not submitting, in line with Best Interests Duty
- You always see the rationale before any application goes anywhere
Going direct vs. using Simple Loans
A side-by-side look at what actually happens.
How a real assessment works
A 2 minute starting point, zero impact on your credit file, and a real answer at the end of it.
Tell us your situation
2 minute online quote with your loan amount, asset, employment and credit context. No hard check.
We match you across 50+ lenders
Soft profile assessment against live policy and pricing tiers. We rule out the lenders that would decline you, before they ever see your file.
We submit and negotiate
Lodged once, at the right lender, at the right tier. Rate, fees, term and structure all negotiated on your behalf.
Common questions
Everything people ask before getting started.
Get the real rate, without burning your credit file
Free assessment. 50+ lenders compared. Zero hard enquiries until you say go. Two minutes to start.
Simple Loans is a finance comparison tool. ACL 509582. AFCA member 96925. No upfront fees, ever.
Free assessment
Tell us what you need, we'll do the running around
One short form, then a specialist compares our 50+ lender panel for your situation. Rates from 6.49% p.a. No credit impact to get started.