Become a Yakka referral partner today

No. We are a completely complimentary service for you and your customers to use. We do offer you a Referral Commission for allowing us to support your clients.

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.

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.

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.

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.

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:

1. How long your client has been in business for? (e.g. Brand New Business or an established business trading for over 2 years)
2. 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.
3. If you or your spouse is a Property Owner or if you are currently renting
4. Your total asset loan amount. The higher the truck loan amount the lower the interest rate can be.
5. If you have had truck or equipment finance before and if your repayment history has been good or bad
6. If you have a clean credit file or a credit file with a low score or credit defaults

Yes, we can finance an asset no matter how old the year build on the asset is. So, the answer if your client wanted to finance a 1985 Truck is… yes, we can finance it. The answer is always yes.

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.

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/

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.

Absolutely! Whether it is a new or used asset we can offer a tailored finance solutions for all used assets and have a wide variety of banks and lenders that will comfortably finance used assets.

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.

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.

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.