Why Using A Broker Will Get You The Best Loan For Your Situation

If you’re thinking about applying for a loan, you might be wondering if using a broker could get you the best loan. A broker can handle all of the hard work of searching for a loan for you, and often have access to a wide range of lenders. This means more loan options for you to choose from, as well as personalised support and faster approval times.

To find out more about how using a broker will get you the best loan for your situation, read on below.

What does a broker do?

A broker is somebody who takes the hard work out of finding a loan. Brokers can assess your financial needs, compare loan products from many different lenders on your behalf and help you with the application process. A broker is there to do the hard work of finding a good loan for you. Depending on your broker, they may be able to offer you a wide range of loans, as well as personalised support and expert advice.

How will a broker get me the best loan?

When you’re looking for a loan alone, it can be overwhelming. There are so many loan options and lenders out there, and it can be hard to know which to choose. Having an experienced broker to help you to navigate through different loan options is helpful. A good broker will know what lenders need to see, and what you need to show to get approved. Choosing the right broker to work with will save you both time and money in the long run, as well as having someone to help you find the right loan for your circumstances.

Brokers will generally have access to a wide range of partnered lenders and loans, whereas a traditional lender will only be able to offer you their own product. If you’re looking for a specific type of loan, such as a low doc loan, a bad credit loan, or a self-employed loan, you might find that a broker will be able to offer you the type of loan you’ve been looking for. If you’re concerned about getting approved for a loan with a bad credit score, a broker may be able to assist you better than a traditional lender could. Tiger Finance are bad credit experts, and many of our partnered lenders offer loans to those with less than perfect credit scores.

Often, brokers can also get your loan applications approved faster than traditional lenders can. This is because a lender can provide one on one support to you when you are applying, whereas a bank has thousands of clients and applications to consider. It can take weeks for a bank to even look at your application. You’ll get constant help and support from a broker, and a faster approval time overall. Our expert brokers can have you approved on the very same day that you apply, and you’ll have your own loan specialist from beginning to end to assist you with choosing the right loan.

Our brokers can take the time to explore your individual financial needs and goals. We have access to a range of loans from many different lenders, which gives you more loans to choose from. When you apply for a loan with us, you are getting access to multiple lenders and different loan options, compared to a bank that will only have access to its own products.

Ready to apply for a loan?

Our loan specialists can get you approved for a loan in four easy steps. You’ll have a free consultation with one of our specialists, and we will tailor-make you a loan. We will then negotiate with lenders on your behalf before you are approved for the perfect loan!

If your credit score is less than perfect, we can still get you approved quickly and easily. As bad credit experts, we have hundreds of partnered lenders who offer loans regardless of credit scores. If you’re ready to get funded, call today to speak to one of our loan specialists for your free initial consultation, or fill out our call back form here.