FAQ

A non-bank lender is not a bank, credit union or building society, but a lender with access to a source of wholesale funding. At emoney, we borrow our funds from funding warehouses, made up of deposits from every day Australians, superannuation funds and investors. Our funding warehouses are safe as they are backed by large Australian and international lending institutions. We hold an Australian Credit Licence and are a member of the FBAA and AFCA. And, unlike a bank, we offer a wide range of mortgage products—more than 500—to fit almost every customer’s needs.

Yes. At emoney, we can assist borrowers with poor credit find suitable home loans. We consider applicants with defaults, loan arrears and discharged bankrupts. Please be aware, your credit history will have an impact on your interest rate.

If you have no genuine savings, you still may be able to get a home loan for up to 95% of the purchase price (including LMI). Your deposit cannot be a loan but can be an inheritance or a gift from your parents.

Your borrowing capacity is determined by a number of factors. Use our calculator to see how much you may be able to borrow or contact us for a more accurate assessment.