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Lendi Questions & Answers
15 questions from our users
Bobasked
How long from first application did it take to finish? Home refinance.
1 answer
Relationship manager -Lendi
Hi,
Welcome to Lendi. The processing time will depend on the lender and the amount of applications they need to assess.
Can I assist with something specific?
Kind regards,
Samantha
YankeeDoodleasked
Hi, what’s your history of passing on RBA rate cuts?
1 answer
Relationship manager -Lendi
Hi, thanks for reaching out.
We work with 40 different lenders, which includes the major banks. We personally do not pass any rates, we are just informed.
Can I assist you with anything further today?
Regards,
The Lendi Team
Bobby M.asked
Dear Lendi,
Do you give mortgage/loan for foreigners (non-PR) who bought Australia property such as Indonesian ?
Thank you.
1 answer
Relationship manager -Lendi
Hi there, thanks for reaching out to Lendi! We will send you a private message to see how we can help you further!
olwen atasked
I'am a 66 year old person, with a mortgage of $300,50 thousand dollars is there anybody that would give me interest only.
1 answer
Relationship manager -Lendi
Hi there, thanks for reaching out to Lendi! We will send you a private message to see how we can help you further!
linda d.asked
Hi there my husband and I have owned a business for 8 months and it is paying us both a combined wage combined of 1500 a week gross. The business is al sdo paying us back 300 a week for the money that we spent to buy the business. I also h ave a casual job paying approx 300 a week. We have a deposit available of 70000. Do we have any chance of purchasing a home in regional vic at this stage or do we have to wait 2 years? We would be looking to borrow approx 300000. Thankyou Linda
1 answer
Relationship manager -Lendi
Hi Linda, thanks for reaching out!
We've sent you a private message to assist you further, please feel free to get back to us when you can.
sharonasked
my name is attached to 2 properties i am not on any of the the loans however i am a guarantor for 1 of them which the person who im guarantor for is willing to be a guarantor for me, the only deposit i have is $5000 i have been full time employed for the past 12 or so months with an annual income of approx $60,000 i do have a car loan and a $5000 credit card my question is can you help me secure a home loan ??
3 answers
sorry Im a bit confused..? We have just refinanced our loans with Lendi, I assume you would need to ask Lendi if you wish to secure a home loan, not us.. we are the client / customer.!!
Sorry i thought i was asking lendi
Relationship manager -Lendi
Hi Sharon, thanks for reaching out to us. I'll be sending you a private message to assist you further with your inquiry.
Lisaasked
If i have a not so good credit rating but can prove i can afford and then some make the mortgage repayments, could you help
1 answer
Relationship manager -Lendi
Hi Lisa, thank you for reaching out to Lendi. I will send you a PM now to see what we can do for you.
SIDDHARTH KUMAR K.asked
Hi there,
how does it work when the lender values low valuation for the property? Mainly happening around with the construction loans given the current market trend.
We have saved 5%+LMI, a low valuation will just rule us out completely and losing our deposits would be a nightmare.
1 answer
Relationship manager -Lendi
Hi Siddharth, it sounds like a case by case scenario that would largely depend on area and construction. There is generally no way to assure a valuation until the construction is complete. Are we currently assisting you with a loan at the moment?
Vivienne M.asked
Interest rate on interest only loans say for 5 years.
1 answer
Relationship manager -Lendi
Hi Vivienne,
Thanks for getting in touch with us here at Lendi.
We can help you out with seeing whats possible, simply visit our site https://lendi.com.au and answer a few quick questions to get started.
If you need to know anything else, we're always happy to help.
Megan M.asked
What happens if you want to change lenders again after only a few months, because the new lender has increased the interest rate within a couple of months?
Are you charged a fee?
1 answer
Relationship manager -Lendi
Hi Megan, Thanks for reaching out. So that we can look further into this for you to ensure that we give you the right information, can you please respond to our private message here on Product Review? Thanks!
Paul M.asked
We currently receive 60% of our retirement income from the U.S. and 40% from Australia, approximately $9,000 per month in total. Does Lendi have a "policy" that restricts the use of overseas retirement income in qualifying for a mortgage?
1 answer
Relationship manager -Lendi
Hi Paul, Thank you for your question! To answer this for you, Lendi does not have a policy against this, however, there are lenders that are on our panel who may have policies that restrict this. To discuss this in more detail, please feel free to give us a call on 1300 323 181 or come through to our live chat!
Dottyasked
What do you charge for your service.? Or is it commission paid
Chillyasked
After my conversation I am left wondering what the first point of contact Lendi consultant meant, by the comment made that this point of contact, would not effect my credit rating? Seems like a strange thing to say, how could it or would it effect my credit rating at any stage?
I am reluctant to use this service by the comment in itself.
If you could clarify
Thankyou
2 answers
Every time you enquire or apply for credit, it is usually noted on your personal credit file/score.
In this case they are letting you know the enquiry to them will not show up or effect your credit score, unless or untill you make an actual application for credit with a lending organisation.
Relationship manager -Lendi
Hi Chilly,
Firstly, thank you for your message.
Our Home Loan Specialist and Associates will send out our internal electronic privacy consent to allow Lendi to continue with a fact find and take a look into your situation. You will be asked to review our privacy and accept, should this be your decision.
Additionally, this can allow us to take a look at your credit file to determine an appropriate home loan solution for you. The consultant states that this will not impact your credit rating as we do not list an enquiry by following this process. An enquiry is only made once an application is submitted to the lender of your choice. However, you must also accept the Lender's privacy policy before this is even considered.
We are happy to contact you to explain this should you wish.
Thank you,
Sarah
Jayasked
I got 3 default paid do you think i can get a home loan with you guys?
1 answer
Relationship manager -Lendi
Hi Jay,
Thanks for getting in touch with us here at Lendi.
We can help you out with seeing whats possible, simply visit our site https://lendi.com.au and answer a few quick questions to get started.
If you need to know anything else, we're always happy to help.
Michelleasked
Hi we are looking to refinance our home loan, have just been rejected by our bank because we were late with a mortgage payment in January, which was actually a mistake from my salary packaging department.
Really want to roll our credit cards into the mortgage.
Should we wait to make another application?
Can you help us ??
Thanks
Michelle
1 answer
Relationship manager -Lendi
Hi Michelle, Thank you for your question. We should be able to help you out with refinancing and consolidating your debt into the home loan, simply visit our site https://www.lendi.com.au/ and answer a few quick questions to get started. Alternatively you can give us a call on 1300 323 181. Let us know if you need anything else, we're always happy to help.
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