Am I eligible to apply for a loan?

Short answer: Often, yes. Lenders look at your income, expenses, credit history, deposit, property price, and who’s buying (single, couple, co‑buyers). Casual/contract/self‑employed can qualify too, just different proof is required. Screw‑Waiting tip: We’ll tell you in 3 minutes if you’re in range. Click to complete the self-serve quiz to find out.

How much do I need to earn?

The amount banks will lend you varies wildly - as much as 15% from highest to lowest. If you're earning at least $65,000 (singles) or $85,000 (couple), then it is worth your while to see if you qualify.

How do I apply for a loan?

You can apply online, over the phone or in-person via a video call. Our friendly and experienced team is available 9.30am - 7pm, Monday to Friday and you are free to book a call at a time that suits you.

How do I know the right price to offer?

Don't guess. Use recent comparable sales data and information about the property like days on market or was it passed in at auction. Prices can move quickly in certain areas so understanding local area market trends is also helpful. Screw‑Waiting tip: Once you're pre-approved with us, you'll have full access to as many reports as you need.

Who is eligible to apply for a loan?

Our loans and solutions are available to Australian Citizens and most of the time to Permanent Residents too. Depending on the amount and purpose, there will be checks that you can afford the loan and that it's for the approved purpose. In order to provide the best value to our customers, we don't help borrowers with credit defaults or a track record of not repaying their loans on time.

How much savings will I need?

The golden rule is at least 5% plus purchase cost - however - many First Home Buyers we help have much less. There's no prize for saving more and for most there's no difference to the interest rate or purchasing power between someone with 20% deposit or those with little-to-no savings.

Can family / friends buy together?

Yes. Two incomes can lift suburb choice and borrowing power. What we do: We help structure tenants‑in‑common, ownership shares (you can choose how much each person owns and repays), and a clear exit plan. Lenders have rules and we match you to the right ones.

What are the fees and charges?

Every product and solution is different, but here's something you can always bank on: fees, charges, interest rates and repayments will always be disclosed prior to you making any commitment.

What if I have credit cards and loans?

That's not a deal breaker, but any financial commitment you have will lower your borrowing power. Even unused credit card limits matter. What we do: We'll explain what the numbers mean for you, and what you can do to improve them quickly. Check out our ultra-low rate consolidation loans for more info.

What’s so different about Parker Lane?

We’re first‑home specialists with access to products and services not available via every other broker.

What documents are required

You'll need to prove your income, identity and purpose • Photo ID • Proof of income (eg payslips, ATO Notice of Assessment, Centrelink Statements • Bank Statements are required for amounts above $25,000 • Quote or invoice from your supplier(s) A rates notice may be required for proof of homeownership.

That's OK but bear in mind that we'll need to verify your income with an ATO Notice of Assessment no older than 6 months. In our experience, accountants are very good at reducing taxable income which is great for tax, but not so great for proving serviceability. If you're in any doubt you can give our friendly team to discuss your requirements.

I have a poor credit file

Unfortunately we probably can't help you at this time. If you have any questions or would like to check your credit file, we can help.

You'll pay one up front application fee which will be added to the loan amount, plus an ongoing monthly fee which is included in your quoted repayments. Get your personalised quote in 60 seconds (won't affect your credit score) by clicking this link.(https://secure.parkerlane.com.au/)

Can I repay the loan early

You can make additional repayments to save interest and close the loan account at any time without penalty.

How is my supplier paid

Once the green upgrades have been installed to your satisfaction, simply send through a request for funding and we'll arrange payment directly to your supplier.

A growing number of ethical Mutual Banks support the program and lender selection is made based on suitability by our Credit Team after you apply. You'll be notified before your application is submitted to the bank for final credit decision.

Another small rate reduction isn't really worth it

Just 5% off your interest bill (e.g. 6.30% down to 5.99%) will result in paying 18% less interest for the same 30 year home loan. That's becuase home loans are compounding which means you pay interest on interest (on interest...).

Moving around is bad for the credit score

The introduction of positive credit reporting means moving banks doesn’t negatively affect your credit score like it used to. Most of your credit score is based on your repayment history rather than how many loans you applied for. So long as you don't miss payments regularly, you've nothing to worry about.

Thinking it can be done later

More than 25% of all the interest you pay on your mortgage is in the first 5 years. Taking action now might hurt a little, but it'll feel all the sweeter when you're mortgage-free - years ealier than you were meant to be.

Thinking about money relatively

Most would take a hike if the $10 pen they buy was double the price compared to the store down the road - but before thinking, they probably wouldn't take the same stroll to get $10 off the $2,250 TV they went in for. That little mental trick mightly mean much for $10, but when it comes to your biggest single expense - interest - that same mistake can cost a small fortune.

CALCULATE YOUR SAVINGS

BOOK A FREE CALL

CALL 1300 13 17 11

A smarter way to repay.

"Excellent customer service and unbelievably low rates"

Matthew K, Yarrawonga VIC

Apply Now

7.99 %

p.a.

Variable rate

8.55 %

p.a.

Comparison rate*

A flexible unsecured consolidation loan with one low application fee and $0 account keeping fees. For good credit borrowers who want to save money and repay their cards sooner.

Comparison rate warning >

Taking control of your credit cards is easy with an unsecured consolidation loan and Parker Lane.

Repay up to 5X faster

Lower repayments

Save thousands

Repay your cards up to 5X sooner

Credit cards can be a decades long debt trap because there is usually no fixed monthly repayments or minimum term...

new repayments

interest

saved

^CALCULATION ASSUMPTIONS

Credit Cards: Minimum credit card repayments of 2.5% of outstanding balance OR $20 (which ever is greatest). Credit Card Cutter: 7.99% p.a. interest rate (8.55% p.a. comparison rate) 1 to 5 years. Savings: Savings do not take into account credit card fees and charges of the Credit Card Cutter application fee.

Calculte you Savings

Apply

Book a FREE call

Light-speed service from a real person.

Schedule a time that is convenient to you.

UNSECURED

Borrow $1,000 up to $30,000 without the need to secure against your home

ADDITIONAL PAYMENTS

Use your cash and savings to save interest and repay your loan sooner

REDRAW

Redraw additional funds paid when you want them. (redraw fee applies)

EARLY TERMINATION

Repay your loan and close your account at any time without penalty

PRINCIPLE & INTEREST

Use your cash and savings to save interest and repay your loan sooner

APPLICATION FEE

A low once off application fee which can be added to the loan at settlement

$0 ACCOUNT FEES

Use your cash and savings to save interest and repay your loan sooner

FLEXIBLE TERMS

Choose the repayments that suit you. Choose to repay your loan from 1 up to 5 years.

Credit Card -v- Consolidate

Credit cards can look much the same as a personal loan. You borrow at an interest rate and repay over time. But there are four key differences which could be costing you time and a lot of money.

No fixed term

Credit cards don't have a fixed repayment term. This means you'll always have the temptation to draw your credit card right back up to the limit.

Reducing Repayment

Minimum repayments are calculated as a percentage of the outstanding balance (usually 2% or 2.5%). The result can mean 4 to 5 times more interest than a consolidation loan and decades longer to repay.

Access to the money

Unlike a personal loan which you need to redraw to spend, a credit card is sitting right there in your wallet, ready to spend.

It's like carrying a packet of cigarettes with you when you're trying to quit smoking.

Honeymoon deals

Credit cards offer "honeymoon" deals that sound like incredible value. We all plan to transfer the balance when the intro rate is over, but few of us ever do.

HOMEOWNER
SPECIAL

up to 5

YEARS

7.99 %

p.a.

Variable interest rate

Comparison rate warning >

8.55 %

p.a.

Comparison rate*

About the lender

A not-for-profit Customer Owned Banking Institution with a history of outperforming the major banks. Established in 1964.

NON HOMEOWNER

up to 5

YEARS

Variable interest rate

9.99 %

p.a.

10.56 %

p.a.

Comparison rate*

Comparison rate warning >

About the loan

An unsecured personal loan for the purposes of consolidating and cutting up your credit cards once and for all.

LOAN INFORMATION

Here's a plain english timeline 1. 3-minute self-assessment → get your 3 numbers 2. 15-minute video call → confirm the numbers to receive your full report 3. Pre-application meeting → get informed and choose your lender 4. Pre-approval → now you're ready to start shopping 5. Purchase → agree on a price or win at auction 6. Full approval → Bank valuation and unconditional approval 7. Settlement → get your keys and move in!

Ohh, that's a good one! The answer really is 'do your research', but if you find yourself saying 'YES' to the following questions, you might be in the right place: ✓ I'm looking for a highly rated finance team with a long track record of success ✓ I expect to see lots of independently verified customer reviews ✓ I want to know that I'm getting one of the best rates available for my purpose ✓ I expect good-old-fashioned personalised service with a smile

We're biased, but if you find yourself saying 'YES' to the following questions, you might be in the right place: ✓ I want someone looking after by best interest (not the bank's) ✓ I'm looking for a highly rated finance team with a long track record of success ✓ I expect to see lots of independently verified customer reviews ✓ I want to know that I'm getting one of the best rates available for my purpose ✓ I expect good-old-fashioned personalised service with a smile ✓ I want a solution that suits my needs best

Green loans are available to Australian Citizens and most of the time to Permanent Residents too. • You must generally be the owner of the property (some exceptions apply) • You must have a reliable source of income • You must have a clear credit file (no defaults or lots of missed payments) • You must be 85 by the time the loan is repaid in full Acceptable borrowers include pensioners and those reliant on centrelink benefits.

Easy... ask us! When you work with Parker Lane we'll give you access to a whole raft of free information to put you in front: • FREE Credit Reports - see how your score is tracking over time and ways to improve it • FREE Property Reports - Get the data real estate agents use to determine a propert's market value • FREE Valuations - find out how much the banks think it's worth before you make an offer

Hundreds of Australians speak to Parker Lane every month about ways to save money.

4.9 Out of 5

Thursday, January 17, 2019

Exceptional services !

Parker Lane have been excellent in helping us navigate our way for getting our mortgage, as we have very difficult circumstances and no other mortgage agents could help us.

Our morgage broker, Travis Tombs has done an amazing work on this. His knowledge of the industry and loan products, as well as dedication to helping find the right product that suits our needs is unparalled. In addition to this, his work ethics and willingness to set up the call at whatever time suit us is a reflection of him truly undertstanding his customer needs (as we have a big time zone diffrence). He chased up what was missing without any delay and ensured the correct information was provided and ensuring we always on track with the process, eventhough during his Christmas holiday. That kind of services is beyong our expectation.

We are very satisfy with everything that Parker Lane has done for us and very happy we could do the settlement this week. The team we work was exceptional and they also have great management support. I would definitely recommend to anyone !

Anna DF

Sunday, January 13, 2019

Loan For Solar (Green loan)

Melanie knew her business, was easy to relate and chat with..
Helped with the 10 emails I sent her, as I just am so not tech savvy.
Also sent us The good solar book, so now I am empowered with knowledge when they come to install on Saturday..
I would highly recommend..
thanks again Melanie and Parker Lane.

Linda

Thursday, January 10, 2019

Fantastic Service

Francois assisted me with getting Finance for the Solar System.

Excellent customer service from start to delivery. No pushy sales pitch at all.

Definitely recommend him to everyone.

Rohit Jaggi

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Australia's #1 finance service rated by customers

Parker Lane is a trading name of Upside Downside Pty Ltd. Australian Credit License Number 482276

LEGAL & DISCLOSURES

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Terms & Conditions

Credit Guide

CONTACT US

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The information contained in this website may not be current or complete, or may not remain current or complete, and therefore under no circumstances should be relied upon. No warranty or representations as to its accuracy or completeness is provided. We are not liable to your or any other person for loss, damage or injury arising from the use of, or reliance on, this information, including but not limited to loss suffered in connection with incorrect or out of date information. It is not intended to be a substitute for professional financial advice and does not purport to guarantee any projected amount of borrowings. All applications for credit are subject to normal credit approval criteria. Parker Lane specifically disclaims any responsibility or liability for any losses or damages arising from any use of or reliance upon any calculations or conclusions reached using this website. See our credit guide for further details.

A smarter way to repay.

"Excellent customer service and unbelievably low rates"

Matthew K, Yarrawonga VIC

7.99

%

p.a.

Variable rate

8.55

%

p.a.

Comparison rate*

A flexible unsecured consolidation loan with one low application fee and $0 account keeping fees. For good credit borrowers who want to save money and repay their cards sooner.

Comparison rate warning >

Taking control of your credit cards is easy with an unsecured consolidation loan and Parker Lane.

Repay up to 5X faster

Lower repayments

Save thousands

Repay your cards up to 5X sooner

​

​

Credit cards can be a decades long debt trap because there is usually no fixed monthly repayments or minimum term...

new repayments

interest

saved

^CALCULATION ASSUMPTIONS

​

Book a FREE call

​

Light-speed service from a real person.

Schedule a time that is convenient to you.

UNSECURED

Borrow $1,000 up to $30,000 without the need to secure against your home

ADDITIONAL PAYMENTS

Use your cash and savings to save interest and repay your loan sooner

REDRAW

Redraw additional funds paid when you want them. (redraw fee applies)

EARLY TERMINATION

Repay your loan and close your account at any time without penalty

PRINCIPLE & INTEREST

Use your cash and savings to save interest and repay your loan sooner

APPLICATION FEE

A low once off application fee which can be added to the loan at settlement

$0 ACCOUNT FEES

Use your cash and savings to save interest and repay your loan sooner

FLEXIBLE TERMS

Choose the repayments that suit you. Choose to repay your loan from 1 up to 5 years.

Credit Card -v- Consolidate

Credit cards can look much the same as a personal loan. You borrow at an interest rate and repay over time. But there are four key differences which could be costing you time and a lot of money.

No fixed term

Credit cards don't have a fixed repayment term. This means you'll always have the temptation to draw your credit card right back up to the limit.

Reducing Repayment

Minimum repayments are calculated as a percentage of the outstanding balance (usually 2% or 2.5%). The result can mean 4 to 5 times more interest than a consolidation loan and decades longer to repay.

Access to the money

Unlike a personal loan which you need to redraw to spend, a credit card is sitting right there in your wallet, ready to spend.

It's like carrying a packet of cigarettes with you when you're trying to quit smoking.

Honeymoon deals

Credit cards offer "honeymoon" deals that sound like incredible value. We all plan to transfer the balance when the intro rate is over, but few of us ever do.

​

HOMEOWNER SPECIAL

up to 5

YEARS

7.99

%

p.a.

Variable interest rate

Comparison rate warning >

8.55

%

p.a.

Comparison rate*

About the lender

A not-for-profit Customer Owned Banking Institution with a history of outperforming the major banks. Established in 1964.

NON HOMEOWNER

up to 5

YEARS

Variable interest rate

9.99

%

p.a.

10.56

HOMEOWNER
SPECIAL