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Become a Yakka referral partner today

Become a Referral Partner for Yakka Finance

Here at Yakka Finance we take a lot of pride in specialising in Asset Finance, Business Loans and Consumer Loans (Personal Loans and Car Loans) for our clients across Australia.

Where we like to add our value is embedding ourselves as a trusted and experienced finance partner for you, your Accountancy Firm, and your valued clients.

For us, it is simple. We build strong partnerships with Accountants to improve their service offering and get the right outcomes for their clients.

Are you looking for the right partner for your accountancy firm that has the expertise to look after your clients? Get in touch today to learn more.

WATCH: HOW OUR REFERRAL SYSTEM WORKS

OUR VALUE TO ACCOUNTANTS

Experts in our field

Yakka Finance was the winner of “Asset Finance Broker of the Year” at the Australian Broking Awards for 2022 (We were also a Finalist for 2019, 2020 and 2021). Our Finance Brokerage is built on providing a market leading offering to our clients across a wide range of banks and lenders in the market.

Strong and Trusted Relationships

Our accountant relationships are built on trust, our expertise and great advice together to your clients. We take the stress out of the whole finance application process for you and your clients with a prompt, reliable and specialised service.

Market Leading Interest Rates

Through our volumes and quality of submissions we have earnt the respect across all major banks and lenders in Australia. As a business this has allowed us to secure preferential interest rates lower than what the general market is offered in the industry. This is a big advantage to us but also to you and your clients.

Online Partner Portal

Yakka Finance does have a secure Online Partner Portal available to you. This allows you to login online and see all your clients’ details in a simple and easy to use platform. You will receive live updates on the progress of your client’s application all the way through to settlement.

Settlement Documentation

At the settlement of your clients loan our team will automatically send you all the relevant documentation for you to file away. These items can include Loan Documents, Tax Invoice and Amortisation Schedules. We are all about saving you time chasing the client for these items to make your life easier.

OUR AWARDS

An award winning service across multiple review bodies

2024 Best Finance Broker - Winner

2022 Aus Broking - Winner

2021 CAFBA - Winner

2022 Women in Finance - Winner

2023 Connective EA - Finalist (Yakka)

2023 Connective EA - Finalist (Scott)

2023 Connective EA - Finalist (Tony)

2023 Better Business - Finalist

2022 Connective EA - Finalist

2021 Connective EA - Finalist

2021 CAFBA - Winner

2021 Aus Broking - Finalist

2020 Connective EA - Finalist

2020 Aus Broking - Finalist

2019 Connective EA - Finalist

2019 Aus Broking - Finalist

What do we specialise in?

MOTOR VEHICLE FINANCE

MOTOR VEHICLE FINANCE

TRUCK FINANCE

TRUCK FINANCE

TRAILER FINANCE

TRAILER FINANCE

MACHINERY FINANCE

MACHINERY FINANCE

BOAT FINANCE

BOAT FINANCE

EQUIPEMENT FINANCE

EQUIPEMENT FINANCE

LINE OF CREDIT

LINE OF CREDIT

BUSINESS LOANS

BUSINESS LOANS

DEBTOR/INVOICE FINANCE

DEBTOR/INVOICE FINANCE

PERSONAL LOANS

PERSONAL LOANS

PERSONAL CAR LOANS

PERSONAL CAR LOANS

BANK OVERDRAFTS

BANK OVERDRAFTS

What do we specialise in?

MOTOR VEHICLE FINANCE

MOTOR VEHICLE FINANCE

TRUCK FINANCE

TRUCK FINANCE

TRAILER FINANCE

TRAILER FINANCE

MACHINERY FINANCE

MACHINERY FINANCE

BOAT FINANCE

BOAT FINANCE

EQUIPEMENT FINANCE

EQUIPEMENT FINANCE

LINE OF CREDIT

LINE OF CREDIT

BUSINESS LOANS

BUSINESS LOANS

DEBTOR/INVOICE FINANCE

DEBTOR/INVOICE FINANCE

PERSONAL LOANS

PERSONAL LOANS

PERSONAL CAR LOANS

PERSONAL CAR LOANS

BANK OVERDRAFTS

BANK OVERDRAFTS

FREQUENTLY ASKED QUESTIONS

All you need to know about YAKKA’s referral service and technology platform

Why should I use Yakka Finance as a partner in our Accountancy firm?

We are specialists in the field of Asset Finance, and we are heavily awarded for it. We know the industry back to front and are knowledgeable on securing the right loans for your clients whilst giving you a great additional service offering to your clients.

We take the time to know every bank’s interest rates and lending policies to make your customers application process is informative, cost effective and effortless. Having one key point of contact for all your clients finance requirements is a great value add to your business.

We know the right strategy for each approval for your customer without them having to fill out lengthy application forms and without the delays or lack of communication a Bank Manager or other Brokers might provide to you.

Great communication between us allows for all parties to know exactly what is going on and creates a seamless finance process.
Do I have to pay you for your services?
How does my client apply for finance?

We pride ourselves on making a finance application hassle free with as minimal paperwork as possible. Every finance application is unique to us and that starts with getting to know your customer and their business.

All we ask is that you send us your potentials customer’s name, phone number, email address and what loan they require. We will then contact them for you and handle it all from there.
What is Low Doc Finance? Do you do it?

Yes, we do! Low Doc Finance means we only need a very small amount of documentation to secure your client a finance approval. Most of the time with absolutely no proof of earnings or profits.

Our team can run you through how easy it is to secure a Low Doc Finance approvals for your clients over the phone in 5 minutes. You will be amazed at how little documentation we need for your client’s loan approval even with Major Banks. We have access to a wide variety of Low Doc product options.

It’s important to highlight that we are very good at Full Doc Applications, and this allows us to get approvals on big Master Facility Limits above $1.5m for your clients to draw down on.
What are your interest rates?

This is a very common question that is always essential to ask. We love this question as we have managed to secure market leading interest rates because of the volume of assets we finance.

The key thing here is that every customer is different, and all are in a different stage of their business journey. Our biggest goal at Yakka Finance is we want to look after your client for the lifetime of their business.

The only way we have generated so many loyal customers is our service is great, but we also secure market leading interest rates every single time. If our interest rates were high, we would never ever have the amount of loyal business owners that use our services every time and time again.

The big advantage for you and your accountancy firm is because of the volumes of assets we finance and the quality of our application submissions we are offered preferential interest rates from all our banks and financiers.

This is a big advantage to our business to keep our customers happy but also a huge advantage to your accountancy firm.
Do my customers need to have Financials or Tax Returns completed to obtain finance approval?

Absolutely not! Yakka Finance has access to a wide variety of low doc and no doc finance offers that the major banks and other financiers offer us to secure your approval. Please don’t feel like you and your clients have to provide us with a lot of information to secure their truck finance approval.

When we speak to your client over the phone, we will know exactly what key items we need from them to secure their finance approval. It might surprise you on how little information we need.

However, for larger lend sizes above $300k or secure the absolutely best deal possible items like Financials and ATO Portals can be beneficial.
What influences the interest rate on a car, truck or machinery purchase?
There are many factors that can influence the interest rate on assets such as Motor Vehicles, Trucks, Machinery and much more.

Here are some key considerations that can influence the interest rate for a customer:

How long your client has been in business for? (e.g. Brand New Business or an established business trading for over 2 years)

What the specific year build the asset is. For example, a brand new or near new truck would secure a much lower interest rate compared to a truck that is much older with a 2003 year build truck.

If you or your spouse is a Property Owner or if you are currently renting

Your total asset loan amount. The higher the truck loan amount the lower the interest rate can be.

If you have had truck or equipment finance before and if your repayment history has been good or bad

If you have a clean credit file or a credit file with a low score or credit defaults
Can you finance older assets for my clients?
How long does it take for my customer to have their finance approved if I referred it to you?

We move very fast. We can usually obtain a finance approval within the same day or 2 days of receiving all the customers details. To speed up the application process we don’t have application forms as that can slow down the process on waiting for a customer to complete.

We understand how quick we must move when it comes to a client purchasing something and wanting it now. We will communicate exact timelines to you throughout the process and let you know timelines on every deal.
How long can my loan term be for asset finance?

The average asset loan term is between 3-7 years (36 to 84 months). The choice of loan term is ultimately the client’s choice regarding their cashflow. The shorter the term would result in a higher monthly repayment as they are paying the loan off on a shorter loan period. The longer the year term the lower the repayment will be.

If you or your clients’ ever want to play around with what Loan Term works best for them on your truck. Get them to have a play with our easy-to-use Finance Calculator – https://yakkafinance.com.au/finance-calculator/
What is a balloon payment? Can you secure balloons for our clients?

A balloon payment is a lump sum which is owed to the lender at the very end of an assets loan term, after all the regular monthly repayments have been made. It allows your client to repay only part of the principal amount of their loan over the term you request. The reason for having a Balloon Payment is that it allows your client to lower your monthly repayments for cashflow purposes.

When it comes to end of your loan contract, and you will still have your Balloon Payment to deal with. It is easy to refinance your balloon payment at the end of your loan. Alternatively, you can trade the truck in for a new one or sell your truck to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your customers choice whether they want a balloon payment in their loan structure to reduce your monthly repayments or not. We can workshop this with them to make sure the repayments suit their business.
Can you finance used assets?
My customer just received an asset loan quote elsewhere and I think it seems expensive – can you beat it?

This is one of our favourite things to do! Yakka Finance have access to the most cost-effective interest rates in the market and we don’t charge high origination fees which we see all the time. So given the opportunity to beat your customers current rate is something we take a lot of pride in doing. It also makes you look great in front of your client.

Our promise to you is that if we can’t beat your customers current interest rate that means your customer is getting a fantastic rate for their asset purchase.

We will always give you true and honest feedback once we have a look at your customers profile, what asset they are purchasing, their current repayment structure and what stage their business is currently in.

Given the opportunity we won’t let your customer down on securing the low interest rates and repayments.
My client doesn’t have a deposit to put into the asset. Can they still apply for finance?

Yes, we have a large variety of banks and financiers that will give your client an approval without having to put their own cash reserves into the asset purchase and it won’t affect their interest rate in most scenarios. Our most common asset loan is with no deposit required.
My client says he has a Low Credit Score will they still be approved?

Yes, we can secure loan approvals for Low Credit Score clients. We are comfortable on getting loans approved with a low Credit Score or Credit Defaults. We fully understand that what happens in the past doesn’t dictate necessarily where your customer is now. With most of our clients if they get a Credit Default on their Credit file there is normally a good reason behind the credit default and why it’s there.

Some of our customers are just unlucky with missing the payment of Energy Bills when they change their residential address or have had a dispute over a phone bill where they were charged to much by their phone provider. These are all very common and banks have a good understanding of this.

We always get an understanding of why their Credit Score is below the average and then effectively communicate to the appropriate bank as to why it is lower. Please have comfort that we know how to communicate correctly to the right banks or lenders on the story on the Credit Score and/or Credit Default to get your truck loan approved.

In addition, we have a great external team we utilise to lift the Credit Defaults off your customers file to get them the best possible deal.

LET’S TALK

Let us tailor a partnership that best suits your business requirements.

We look forward to getting to know your business, how we can add value to you and your customers soon. Please get in touch with us today.

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Referral Partner

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CONTACT US

Please feel free to contact the team at Yakka Finance 24/7

EMAIL: info@yakkafinance.com.au

PHONE: 1300 842 911

ADDRESS: Suite 5, Level 1, 345 Pacific Highway, North Sydney NSW 2060

Yakka Financial Pty Ltd ABN 75 626 017 070 trading as Yakka Finance

Yakka Financial Pty Ltd Credit Representative 508681 is authorised under Australian Credit Licence 389328.

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

Yakka Finance are Members of the following Associations: