Lender comparison
Compare the options that fit your circumstances
Loans West compares relevant options available through current accreditations and explains the factors behind a recommendation.
A lender panel is not the whole market, and panel size alone says nothing about whether a borrower qualifies or a loan suits their needs. The quality of a comparison depends on the relevance of the options considered and the reasons behind the recommendation.
The lenders and products that can be considered depend on your circumstances, eligibility and Loans West's current accreditations. Loans West does not compare every lender or product in the market.
Begin with the borrower's circumstances
Income type, deposit or equity, liabilities, living costs, credit history, property and loan purpose shape the options that can be considered. Current lender policy is checked against the information available.
Compare the product holistically
Interest rate and fees matter alongside repayment type, term, useful features, restrictions, approval conditions and future flexibility. Relevant options should be explained in a way that reflects the consumer's priorities.
Be transparent about scope and limits
Accreditations and products can change. Some lenders may not be accessible through Loans West, and some accessible lenders may not accept the application. You can ask which options were considered and why.
Ask about the current comparison scope
Lender accreditations and products can change. Luke can explain which available options were considered for your circumstances and why a particular recommendation was made.
Frequently asked questions
Questions, answered clearly
General answers are a starting point. Your lending options depend on your circumstances.
How many lenders does Loans West compare?
The relevant options depend on Loans West's current accreditations and your eligibility. Ask Luke which lenders and products were considered for your circumstances and why.
Does a broker compare every lender in Australia?
No. A broker works within its available accreditations and does not necessarily compare every lender or product in the market. Ask about the scope relevant to your recommendation.
Why might the lowest advertised rate not be recommended?
The applicant may not meet its policy, or fees, loan term, restrictions and missing features may make another eligible option a better overall fit. The reasons should be explained for your circumstances.
Ready to take the next step?
Talk through your goals with Luke and leave with a clearer idea of what comes next.