Overview
At 8848 Finance, we possess the qualifications, experience, and licensing required under the National Consumer Credit Protection Act (2009) to offer mortgage assistance that’s both compliant and client-focused. Our team consistently meets the professional and educational standards expected by both Commonwealth and State regulators, and we uphold not only rigorous compliance protocols but also our organisation’s high ethical values.
Our mission is simple: to deliver exceptional service and recommend the most suitable financial products tailored to your individual goals. We listen attentively, collaborate throughout the application process, and align every step with your instructions and expectations.
Through established relationships with likeminded professionals—including lenders, accountants, conveyancers, and builders—we’re able to extend complementary financial services where needed, ensuring a seamless and holistic experience.
Loan Suitability & Responsible Lending
Before recommending any credit product, we conduct a Preliminary Credit Assessment in accordance with responsible lending obligations. This process includes:
We use this assessment to ensure any loan recommendation is appropriate, responsible, and sustainable—avoiding products that may result in financial hardship. You'll receive supporting product summaries and comparison documents, and a copy of the assessment is available on request for up to seven years.
Fees, Charges, Commissions & Transparency
Third-Party Fees:
You may be required to cover fees such as loan application charges, valuations, or other lender costs—even if the loan isn’t approved.
Licensee Fees:
If any fees are payable to us directly, they will be disclosed in a Credit Quote. If no quote is provided, no fee is charged.
Commission Income:
We may receive commissions from lenders for arranging your finance. These do not affect your loan cost and can be disclosed as a reasonable estimate upon request. Commissions vary by product and loan amount and are usually calculated after offset account balances.
Referral Relationships:
From time to time, we may pay referral fees to third parties (e.g. accountants, agents, lawyers). These are standard practice and not charged to you.
Tiered Servicing Arrangements:
Some brokers may benefit from enhanced lender support via tiered servicing agreements, which can result in faster approvals or improved service. You will be informed of any such relationships relevant to your loan recommendation.
Australian Credit Licence #551911