Question 1

What types of finance does Elev8 offer?

Accepted Answer

We arrange vehicle, leisure, personal, commercial asset, construction, industrial equipment, cashflow, business start-up, invoice finance, novated leases, warranty and debt consolidation.

Question 2

How quickly can I get a decision?

Accepted Answer

Most clients receive an indicative decision within 24 hours. Settlement timing then depends on the lender and the documents required.

Question 3

Do you work with bad credit or complex situations?

Accepted Answer

Yes. We work with specialist lenders for complex income, prior credit events and unusual asset classes — talk to us first before assuming the answer is no.

Question 4

Are there any fees to use Elev8?

Accepted Answer

Our initial consultation is free. Any lender fees relevant to your loan are disclosed up front.

Question 5

Can self-employed clients apply?

Accepted Answer

Absolutely. We have low-doc options and lenders that genuinely understand self-employed and ABN-holder income.

Question 6

Will applying through Elev8 hurt my credit score?

Accepted Answer

We pre-assess your situation before submitting anywhere. When we do lodge, we choose the lender most likely to approve so you're not getting multiple hard enquiries.

Question 7

Do I need to be on the Gold Coast to work with you?

Accepted Answer

No. We're based on the Gold Coast but service clients Australia-wide. Almost everything can be done over phone, email and secure document upload.

Question 8

Can I still get a loan with a tax debt?

Accepted Answer

Yes, it may still be possible to obtain finance if you have an outstanding tax debt, however it will depend on the amount owed, whether you have a formal repayment arrangement in place with the ATO and the lender's assessment criteria.

Some lenders are comfortable considering applications where tax debts are being actively managed and repayments are up to date. Others may require the debt to be paid out or reduced before approving finance.

When assessing your application, lenders may consider:
• The amount of the tax debt
• Whether a payment plan is in place with the ATO
• Your repayment history
• Your overall financial position and cash flow
• The purpose of the loan

At Elev8 Finance Group, we can review your circumstances and help identify lenders whose policies may be suited to your situation.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 9

What is pre-approval?

Accepted Answer

Pre-approval (also known as conditional approval) means we can get your finance approved prior to going to the dealership so all you have to do is walk in, test drive your vehicle and drive away hassle free. Not all lenders and loan products offer pre-approval in the same way. The Elev8 Finance Group team can guide you through the process and explain the options available to you.

Question 10

How long does approval take?

Accepted Answer

Indicative approval is usually within 24 hours of a complete application. Full settlement depends on the lender and vehicle documents, typically 1 to 5 business days.

Question 11

Will applying hurt my credit score?

Accepted Answer

We pre-assess your situation before submitting anywhere. When we do lodge, we choose the lender most likely to approve so you're not getting multiple hard enquiries.

Question 12

Can I finance a private sale?

Accepted Answer

Yes. Several lenders on our panel specifically support private sales, including older vehicles. Pricing differs from dealer purchases but it's a real option.

Question 13

Do I need a deposit?

Accepted Answer

Not always. Many vehicle loans approve at 100% of purchase price plus on-roads. A deposit can sharpen the rate, but it's not a hard requirement for most PAYG borrowers.

Question 14

What's a balloon and should I use one?

Accepted Answer

A balloon is a lump sum at the end of the loan, often 20% to 40% of the asset price. It lowers your monthly repayment but you'll need to either pay it, refinance it or trade the car at the end.

Question 15

Can I get finance with bad credit?

Accepted Answer

Yes, specialist non-bank lenders work with credit defaults, missed payments and previous bankruptcies. Rates are higher but the door isn't closed.

Question 16

What if the car is in my partner's name?

Accepted Answer

Loans can be in one or both names. The structure affects servicing calculations, we'll walk you through what works best.

Question 17

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 18

Can you finance a private-sale caravan?

Accepted Answer

Yes, several lenders on our panel specialise in private sale leisure assets.

Question 19

What's the maximum age of asset you can finance?

Accepted Answer

Specialist lenders will fund caravans and boats up to 15+ years at start of loan, with terms structured so the asset is no older than 20 years at end of term.

Question 20

Do I need an inspection?

Accepted Answer

Sometimes for marine, rarely for new caravans and leisure items and almost never for motorbikes. We'll confirm before you commit.

Question 21

Can the loan cover accessories and on-roads?

Accepted Answer

Yes, lenders will typically finance registration, stamp duty, dealer accessories and warranty into the loan.

Question 22

Is there GST if I use the caravan for business?

Accepted Answer

If the asset is genuinely used in business, a commercial structure (chattel mortgage) can let you claim GST and depreciation. We'll refer you to your accountant for the tax angle.

Question 23

What deposit do I need?

Accepted Answer

Zero-deposit finance is available for strong applicants. A deposit improves your rate and approval chances on borderline files.

Question 24

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 25

How fast can I get funds?

Accepted Answer

Most personal loans approve within 24 hours and fund within 1-2 business days of accepting the offer.

Question 26

Can I get one with bad credit?

Accepted Answer

Yes. We work with lenders who assess affordability and circumstances, not just credit score.

Question 27

Will applying through you affect my credit score?

Accepted Answer

We pre-assess before any application. When we do submit, it's to one carefully chosen lender to minimise enquiry impact.

Question 28

Can I pay it off early?

Accepted Answer

Most personal loans on our panel allow extra repayments and early payout without penalty. We confirm before you sign.

Question 29

What if I'm self-employed?

Accepted Answer

BAS, business bank statements or accountant's letter are typically enough. Several lenders specifically cater to self-employed applicants.

Question 30

What can I use the loan for?

Accepted Answer

Almost any legitimate personal purpose, renovations, medical, weddings, vehicles, consolidation, education, relocation.

Question 31

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 32

What's the difference between a chattel mortgage and a lease?

Accepted Answer

Chattel mortgage means you own the asset and claim GST and depreciation. Lease means the lender owns it and you expense the rentals. Tax outcome differs, talk to your accountant about which fits.

Question 33

Do I need financials?

Accepted Answer

Not for low-doc deals up to around $250k on most asset classes if your ABN is 2+ years and you own or rent property. Larger or unusual deals usually need full-doc.

Question 34

How fresh does the ABN need to be?

Accepted Answer

Most lenders want 2+ years. We do have lenders who'll go down to 6 months for the right deal, rates are higher but the option exists.

Question 35

Can I finance second-hand equipment?

Accepted Answer

Yes. Asset age affects pricing and the lender panel, but used trucks, machinery and vehicles are routinely financed.

Question 36

Can I roll multiple assets into one loan?

Accepted Answer

Yes, we can structure a master loan or individual loans, depending on what gives you flexibility for future trades.

Question 37

What about balloon payments?

Accepted Answer

Standard on commercial. Typical residuals are 20%-40% to lower monthlies, with a clear plan to refinance or trade at the balloon point.

Question 38

Are repayments tax deductible?

Accepted Answer

Interest and depreciation under chattel mortgage are deductible. Lease rentals are fully deductible. Your accountant will confirm based on your structure.

Question 39

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 40

Can you finance second-hand plant?

Accepted Answer

Yes. Used excavators, trucks, tippers and ancillary plant are core lending for several specialists on our panel.

Question 41

What about imports and auction purchases?

Accepted Answer

Both are supported, though imports often require pre-shipment deposit finance and auction purchases need fast settlement, both arrangeable.

Question 42

Can repayments be structured around the project?

Accepted Answer

Yes, seasonal, interest-only periods and step-up repayments are all common on construction asset finance.

Question 43

Do I need to put up a deposit?

Accepted Answer

Standard plant finance typically goes to 100% with strong ABN history. Higher-risk or specialised assets may want 10%-20% down.

Question 44

Can I finance a fit-out?

Accepted Answer

Yes, soft assets like fit-out, IT and racking can be financed, often through specialist lenders rather than the majors.

Question 45

What if I have project payment delays?

Accepted Answer

We can pre-arrange a working capital buffer or invoice finance facility before delays bite. Better to set it up when you don't need it.

Question 46

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 47

Can you finance equipment from overseas?

Accepted Answer

Yes. Import finance is a specialist area and we work with lenders who handle progress payments, shipping and final settlement on landing.

Question 48

What about used equipment?

Accepted Answer

Routinely financed. Asset condition, hours and resale market drive pricing, but used deals are core business for several panel lenders.

Question 49

How does sale and leaseback work?

Accepted Answer

You sell owned equipment to the lender at agreed value, then lease it back over an agreed term. You keep using it, the cash goes into your business.

Question 50

Can repayments match my season?

Accepted Answer

Yes, seasonal repayment profiles are standard on agriculture lending and available on most industrial deals.

Question 51

Do you finance soft assets like software?

Accepted Answer

Some lenders fund integrated technology purchases (e.g. ERP fit-outs bundled with hardware). Pure software is harder but not impossible.

Question 52

What's the maximum term?

Accepted Answer

Typically 5-7 years on industrial assets. Heavy plant with long useful life can sometimes stretch further.

Question 53

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 54

How quickly can I access funds?

Accepted Answer

Unsecured business loans can fund within 24-48 hours of approval. Secured loans take longer but offer sharper pricing.

Question 55

Do I need to provide security?

Accepted Answer

Up to around $250k can typically be done unsecured for established businesses. Larger amounts usually want property or asset security.

Question 56

Can you help with ATO debt?

Accepted Answer

Yes, several lenders specifically target ATO bridging. Getting off the ATO's books often improves your position with other lenders too.

Question 57

What's the difference between an overdraft and a line of credit?

Accepted Answer

Overdrafts link to your transaction account; lines of credit are a separate loan. Functionally similar, structurally different and lender-dependent.

Question 58

Will I need to provide financials?

Accepted Answer

For larger or secured loans, yes. For smaller unsecured loans, bank statements and ATO portal are often enough.

Question 59

Can I repay early?

Accepted Answer

Most cashflow loans allow early repayment. Some online lenders bake in minimum interest, we flag this before you sign.

Question 60

Can I still get a loan with a tax debt?

Accepted Answer

Yes, it may still be possible to obtain finance if you have an outstanding tax debt, however it will depend on the amount owed, whether you have a formal repayment arrangement in place with the ATO and the lender's assessment criteria.

Some lenders are comfortable considering applications where tax debts are being actively managed and repayments are up to date. Others may require the debt to be paid out or reduced before approving finance.

When assessing your application, lenders may consider:
• The amount of the tax debt
• Whether a payment plan is in place with the ATO
• Your repayment history
• Your overall financial position and cash flow
• The purpose of the loan

At Elev8 Finance Group, we can review your circumstances and help identify lenders whose policies may be suited to your situation.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 61

Can I get a loan if I am a non-permanent resident or visa holder?

Accepted Answer

Yes, finance may be available for non-permanent residents and visa holders, however eligibility varies significantly between lenders.

Some lenders will consider applications from temporary visa holders, including certain skilled worker, employer-sponsored and partner visa categories. The lender will typically assess factors such as your visa type, remaining visa term, employment status, income, residency history and deposit contribution.

Additional requirements may apply, and some lenders may have restrictions on the maximum amount you can borrow or the types of assets they will finance.

At Elev8 Finance Group, we work with a broad panel of lenders and can help identify finance options that may suit your circumstances.

All applications are subject to lender assessment, approval criteria, terms and conditions.

Question 62

Can I get finance with no trading history?

Accepted Answer

Yes, several lenders specialise in new ABN deals, typically director-guaranteed with asset security. Rates are higher but the option exists.

Question 63

What if I'm buying a franchise?

Accepted Answer

Major franchise brands are usually pre-accredited with specialist lenders, which fast-tracks both approval and pricing.

Question 64

Do I need a business plan?

Accepted Answer

For asset finance, usually not. For acquisition or working capital, yes, lenders want to see cash flow forecasts and use of funds.

Finance answers, straight up.

General

Vehicle Finance

Leisure Loans

Personal Loans

Commercial Asset Finance

Construction Finance

Industrial Equipment Finance

Cashflow Finance

Business Start Up Finance

Invoice Finance

Novated Leases

Warranty & Protection

Debt Consolidation

Still have questions?

Ready to Elev8 your finance?

Finance answers, straight up.

General

What types of finance does Elev8 offer?

How quickly can I get a decision?

Do you work with bad credit or complex situations?

Are there any fees to use Elev8?

Can self-employed clients apply?

Will applying through Elev8 hurt my credit score?

Do I need to be on the Gold Coast to work with you?

Can I still get a loan with a tax debt?

Vehicle Finance

What is pre-approval?

How long does approval take?

Will applying hurt my credit score?

Can I finance a private sale?

Do I need a deposit?

What's a balloon and should I use one?

Can I get finance with bad credit?

What if the car is in my partner's name?

Can I get a loan if I am a non-permanent resident or visa holder?

Leisure Loans

Can you finance a private-sale caravan?

What's the maximum age of asset you can finance?

Do I need an inspection?

Can the loan cover accessories and on-roads?

Is there GST if I use the caravan for business?

What deposit do I need?

Can I get a loan if I am a non-permanent resident or visa holder?

Personal Loans

How fast can I get funds?

Can I get one with bad credit?

Will applying through you affect my credit score?

Can I pay it off early?

What if I'm self-employed?

What can I use the loan for?

Can I get a loan if I am a non-permanent resident or visa holder?

Commercial Asset Finance

What's the difference between a chattel mortgage and a lease?

Do I need financials?

How fresh does the ABN need to be?

Can I finance second-hand equipment?

Can I roll multiple assets into one loan?

What about balloon payments?

Are repayments tax deductible?

Can I get a loan if I am a non-permanent resident or visa holder?

Construction Finance

Can you finance second-hand plant?

What about imports and auction purchases?

Can repayments be structured around the project?

Do I need to put up a deposit?

Can I finance a fit-out?

What if I have project payment delays?

Can I get a loan if I am a non-permanent resident or visa holder?

Industrial Equipment Finance

Can you finance equipment from overseas?

What about used equipment?

How does sale and leaseback work?

Can repayments match my season?

Do you finance soft assets like software?

What's the maximum term?

Can I get a loan if I am a non-permanent resident or visa holder?

Cashflow Finance

How quickly can I access funds?

Do I need to provide security?

Can you help with ATO debt?

What's the difference between an overdraft and a line of credit?

Will I need to provide financials?

Can I repay early?

Can I still get a loan with a tax debt?

Can I get a loan if I am a non-permanent resident or visa holder?

Business Start Up Finance

Can I get finance with no trading history?

What if I'm buying a franchise?

Do I need a business plan?

What about acquiring an existing business?

Will I need to put up personal property as security?

How fast can asset finance happen at launch?

Can I get a loan if I am a non-permanent resident or visa holder?

Invoice Finance

Will my customers know?