The 7 Best Loan Agencies in Melbourne

Finding the right loan agency in Melbourne can be a daunting task, especially with the wide array of options available in this bustling city. Whether you’re looking for a personal loan, a business loan, or even a mortgage, knowing where to turn for reliable advice and competitive rates is key. In this guide, we’ve curated the 7 best loan agencies in Melbourne to help you navigate your financial needs with confidence. From flexible repayment plans to low-interest rates, these agencies offer tailored solutions to suit every borrower’s situation, ensuring a seamless and stress-free experience. Below, we outline the typical services offered by loan agencies, key considerations when choosing one, and an overview of price ranges to help you make an informed decision.

  • Services Offered: Personal loans, business loans, home loans, car loans, debt consolidation, refinancing options, and financial consulting.
  • Key Considerations: Loan interest rates (starting at 3% to 12% depending on the type of loan), repayment terms (ranging from 1 year to 30 years), credit score requirements, flexibility in loan approvals, and additional fees (such as application or processing fees).
  • Price Range: Loan amounts typically range from $5,000 to $500,000+, with varying interest rates and associated costs depending on the lender and the borrower’s financial profile.
7

Number of companies

1149

Verified reviews

4,93

Average rating

Stratton Finance
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1. Stratton Finance

★ ★ ★ ★ ★ 4,8/5
1/435 Williamstown Rd, 3207, Port Melbourne
  • Loan agency
  • Auto insurance agency
  • Finance broker
  • Financial institution
  • Car finance and loan company

Why we chose them

Stratton Finance, an award-winning Australian asset finance broker, has been a trusted partner in securing tailored financial solutions for over 25 years. Renowned for its exceptional service, the company has received accolades such as ProductReview’s Best Car Loans from 2021 to 2024 and WeMoney’s Best Large Size Brokerage (Asset Finance) for 2023 and 2024. Their expert brokers provide a seamless and transparent process for clients, offering a diverse range of financing options for cars, caravans, boats, motorbikes, and commercial equipment. Stratton Finance collaborates with a panel of trusted lenders to deliver competitive rates and customized repayment plans to suit individual and business needs.

Specializing in services such as car loans, business loans, refinancing, and comprehensive insurance solutions, the company’s mission is to make asset financing straightforward and stress-free. Whether clients are looking to finance a vehicle, expand their business, or secure a personal loan, the company combines its expertise with user-friendly tools like loan calculators to simplify decision-making. With a strong commitment to customer satisfaction and ongoing support throughout the loan lifecycle, Stratton Finance sets a benchmark in the financial services industry, empowering Australians to achieve their financial goals with confidence.

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Mortgage Choice South Melbourne
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2. Mortgage Choice South Melbourne

★ ★ ★ ★ ★ 5,0/5
Level 5/111 Cecil St, 3205, South Melbourne
  • Loan agency
  • Car finance and loan company
  • Finance broker
  • Investment service
  • Mortgage broker
  • Property investment company

Why we chose them

Mortgage Choice South Melbourne – Paul Williams stands out as a trusted leader in the finance industry, specializing in tailored solutions to help clients achieve their financial goals. With access to over 35+ lenders, the company offers a diverse range of services, including loan agency, car finance and loans, finance brokering, investment services, mortgage brokering, and property investment solutions. Conveniently located in South Melbourne, the team provides personalized assistance not only to local clients but also to individuals across Australia through phone or video consultations. Their free home loan service reflects their commitment to making finance accessible and stress-free for everyone.

The experienced team at this finance hub is dedicated to understanding each client’s unique needs, offering expert advice across South Melbourne, Port Melbourne, Albert Park, Melbourne CBD, Southbank, St Kilda, Elwood, Windsor, and beyond. Whether you’re seeking a mortgage broker to secure your dream home or exploring investment opportunities, their customer-focused approach ensures a seamless and rewarding experience. Their strategic location above Woolworths and near South Melbourne Market makes them easily reachable, and their ability to connect virtually ensures convenience for clients nationwide.

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Antony Allan
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3. Antony Allan

★ ★ ★ ★ ★ 5,0/5
695 Spencer St, 3003, West Melbourne
  • Mortgage lender
  • Loan agency
  • Mortgage broker

Why we chose them

Antony Allan – Mortgage Broker is a trusted and award-winning expert in home loans, boasting over nine years of experience in the mortgage industry. Specializing in tailored solutions for first-time home buyers, refinancers, investors, and those upgrading their properties, the company has successfully settled hundreds of loans. Renowned for building lasting relationships, Antony Allan’s clients frequently return for guidance or refer friends, family, and colleagues, showcasing the company’s commitment to providing honest advice and personalized strategies. Whether navigating the complexities of debt consolidation, refinancing, or investment loans, Antony Allan empowers clients to make informed decisions that align with their financial goals and aspirations.

Dedicated to simplifying the homeownership journey, the company offers customized mortgage solutions to fit each client’s needs, regardless of their experience in the property market. Antony Allan also provides access to a network of trusted professionals, including conveyancers, building inspectors, and accountants, ensuring a seamless process from start to finish. With a focus on maintaining competitive loan structures through regular reviews and leveraging creative strategies in today’s high-interest rate environment, the company is committed to helping individuals and families achieve financial success. Testimonials on Google and Facebook highlight Antony Allan’s reputation for excellence and his ability to deliver results that foster long-term client satisfaction.

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Yellow Brick Road Inner Melbourne
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4. Yellow Brick Road Inner Melbourne

★ ★ ★ ★ ★ 5,0/5
358 Clarendon St, 3205, South Melbourne
  • Mortgage lender
  • Financial consultant
  • Financial institution
  • Insurance broker
  • Investment service
  • Mortgage broker
  • Savings bank
  • Superannuation consultant

Why we chose them

Yellow Brick Road Inner Melbourne stands out for its holistic approach to financial services, offering clients a one-stop solution to achieve financial security and growth. With expertise spanning home loans, refinancing, property investment, business finance, superannuation consulting, and insurance broking, the company tailors its advice to individual circumstances. Their team of experienced mortgage brokers and financial advisors prioritizes personalized service, helping clients maximize cash flow, eliminate debts, and build wealth both inside and outside their superannuation. Whether you’re a first-time homebuyer, an investor, or a business owner, their comprehensive strategies are designed to guide you toward your financial goals.

Renowned for their commitment to simplifying complex financial matters, the company combines a deep understanding of market trends with a client-focused approach. Led by professionals with extensive backgrounds in accounting, finance, and property investment, they deliver clear, actionable plans to support every stage of your financial journey. From residential and commercial property loans to equipment and asset finance, their solutions cater to both personal and business needs. By fostering long-term relationships and providing expert guidance, they empower their clients to navigate the financial landscape with confidence and ease.

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Aussie Home Loans
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5. Aussie Home Loans

★ ★ ★ ★ ★ 5,0/5
205 Clarendon St, 3205, South Melbourne
  • Mortgage lender
  • Mortgage broker
  • Property investment company

Why we chose them

Aussie Home Loans South Melbourne stands out as a trusted provider in the mortgage and property investment industry. With Franchisee Michael Collins at the helm, the company brings a wealth of expertise to the table. Backed by full accreditations from the Mortgage and Finance Association of Australia and a Diploma in Finance and Mortgage Broking Management, Michael ensures tailored solutions that help clients achieve their financial and property goals. This commitment to excellence makes the company a go-to resource for navigating the complexities of home loans and investments.

Specializing as a mortgage lender, mortgage broker, and property investment company, the firm offers comprehensive services designed to meet diverse client needs. Whether you’re looking to secure your dream home or make strategic property investments, their personalized approach ensures your plans are in expert hands. The blend of industry knowledge, professionalism, and dedication to client success solidifies their reputation as a reliable partner in South Melbourne’s competitive market.

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Crown Money
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6. Crown Money

★ ★ ★ ★ ★ 4,9/5
Level 19/180 Lonsdale St, 3000, Melbourne
  • Loan agency
  • Finance broker
  • Financial institution
  • Investment service
  • Mortgage broker
  • Property investment company

Why we chose them

Crown Money stands out as a leading financial institution specializing in mortgage reduction and wealth creation strategies tailored to help Australians achieve financial independence. With over 20 years of experience, the company has empowered thousands of families to pay off their home loans in up to half the time, saving clients tens of thousands in interest. Their innovative approach includes personalized financial coaching, advanced wealth tracking software, and regular reviews to optimize cash flow, savings rates, and net worth. Crown Money’s unique system ensures clients not only reduce their debt but also build equity and plan for a secure financial future.

Offering a comprehensive range of services such as loan brokerage, property investment guidance, and finance coaching, Crown Money excels in providing actionable strategies for rapid mortgage reduction. Their team of experienced financial coaches offers individualized support, guiding clients through financial planning and investment opportunities. The company’s success stories highlight their commitment to transforming lives, with clients achieving debt-free living and the ability to explore investments sooner than expected. Crown Money’s dedication to reshaping traditional financial structures makes it a standout choice for families seeking financial freedom and stability.

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Urban Money Oceania
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7. Urban Money Oceania

★ ★ ★ ★ ★ 4,8/5
Level 16/60 Albert Rd, 3205, South Melbourne
  • Loan agency
  • Mortgage broker

Why we chose them

Urban Money Oceania stands out as a trusted provider of mortgage and lending advisory services, offering a seamless experience for individuals navigating the complexities of home loans. With offices in Melbourne and Sydney, their team of experienced home loan experts specializes in assisting first-time homebuyers, those looking to refinance, and individuals seeking loans for investments, renovations, or commercial purposes. Their commitment to simplifying the borrowing process is reflected in their range of tailored solutions, including asset financing, personal loans, SMSF loans, and development finance, ensuring clients find the best options to meet their unique financial needs.

Renowned for their client-centric approach, the company provides access to over 50 lenders and employs innovative tools like AI-powered financial calculators to help clients make informed decisions. Their offerings include services as a loan agency and mortgage broker, with a focus on delivering competitive interest rates and personalized financial guidance. With a proven track record of settling over 70 million AUD annually, Urban Money Oceania has earned the trust of thousands of satisfied customers by blending expert advice with a streamlined, hassle-free process tailored to Australian borrowers.

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Frequently asked questions

What types of loans do loan agencies in Melbourne typically offer?

Loan agencies in Melbourne usually offer a variety of loans, including personal loans, business loans, home loans, car loans, debt consolidation loans, and refinancing options. Some agencies also provide financial consulting services to help clients choose the best solutions for their needs.

What is the average cost of securing a loan in Melbourne?

The cost of securing a loan in Melbourne depends on factors such as loan type, amount, and repayment terms. Interest rates typically range from 3% to 12%. For example, a €10,000 personal loan might cost between €300 and €1,200 annually in interest. Additional fees, such as application or processing fees, can range from €50 to €500.

How long does it take to get a loan approved in Melbourne?

Loan approval timelines vary depending on the type of loan and the lender. Personal and car loans are often approved within 1 to 3 business days, while home and business loans can take 2 to 4 weeks due to the more extensive verification processes.

What should I consider when choosing a loan agency in Melbourne?

When choosing a loan agency, consider factors such as interest rates, repayment terms, flexibility in approvals, additional fees, and the agency's reputation. It’s also important to check whether they offer loans tailored to your specific financial situation, as well as their level of customer support.

What credit score is typically required to get a loan in Melbourne?

Credit score requirements vary by lender and loan type. Generally, a score of 600 or higher is recommended for personal loans, while home loans might require a score of 650 or above. Some agencies may offer loans to individuals with lower credit scores but often at higher interest rates.

Can I get a loan with bad credit in Melbourne?

Yes, some loan agencies in Melbourne specialize in offering loans to individuals with bad credit. However, these loans may come with higher interest rates and stricter repayment terms. It’s important to compare options and ensure the terms are manageable for your financial situation.

Are there any hidden fees I should be aware of when taking out a loan?

Some loan agencies may charge additional fees such as application fees (€50–€500), processing fees, late payment fees, or early repayment penalties. Always read the terms and conditions carefully and ask the lender to provide a breakdown of all costs before signing any agreement.

How much can I borrow from a loan agency in Melbourne?

Loan amounts typically range from €5,000 to over €500,000, depending on the type of loan and your financial profile. For personal loans, amounts often range between €5,000 and €50,000, while home loans and business loans can exceed €500,000. The exact amount will depend on your credit score, income, and the lender’s criteria.

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