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Finance Brokers | Quest

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Lend your own money
 using Quest’s end to end platform

See how it works

See how Hai Truong turned 4% brokerage into 44% return on capital

Enquire now

Hai Truong

(Broker) Dealer Finance Group

How it works

1. Quote

You quote & submit application in Quest portal. Asset finance and Business loans.

2. Choose rate

You choose the interest rate and fees you want to charge.

3. Assess

Quest will assist with assessing the loan and carry out all credit checks, AML and PPSR.

4. Settle & manage

Quest handles full loan administration and customer payments.

5. Collect income

You get paid principal and interest every month.

Enquire now

How Quest Helps You

Credit

Our credit engine collects many data points so we work with you to highlight any red flags

Compliance

We ensure that the finance contracts comply including AML, AUSTRAC and PPSR registrations

Collections

We handle all collections. Our contracts give us powers to place a caveat on the borrower's property in an event of a default

Example $50k asset at 16.99 base rate

* This example assumes $52,000 loan for a ABN holder purchasing an asset for predominant business use. The loan term is 5-years, nil balloon, 16.99% base rate, 4% brokerage ex GST. Payments are assumed to be made monthly with the Application Fee paid upfront.

Why lend your own money?

More value

Build your own loan book. It's for customers that don't fit a particular lender but are a good credit risk

More income

Potential to increase income per deal from 4% to 44% !*

More control

Get an unfair advantage by becoming your own lender whilst Quest does the heavy lifting.

Get started now

Lending Scenarios

Funded by Brokers and Suppliers

Client
Service Station
The owner of a service station, located in Brisbane, required $55k for a fit out to build a section for hot food
Time in business
4 Years
Asset backed
Home buyer with $800K in Equity
Terms of loan
$55K / 2 Years / 17% Base rate
Security
2020 Toyota Prado / $75K value
Income
Brokerage: $3K / Interest: $7700 / ROC: 18%
Client
Truck Driver
Two directors, both asset backed with a growing business and good repayments history. Company credit score is 400 due to credit enquiries.
Time in business
3.5 Years
Asset backed
Home buyer with $2.2M in Equity
Terms of loan
$110,000 / 4 Years / 17.50% Base rate
Security
2017 Kenworth Truck / $140K value
Income
Brokerage: $5K / Interest: $36,117 / ROC: 35%

Backed by Global VC with Trustee Oversight

Over $50 million of loans funded on our platform

We're backed by ICM Limited. A global Venture Capital firm

Monthly audits of trust accounts by AMAL Trustees. Less than 1% loss and minimal arrears

Enquire now

FAQ's

Can this product be used for consumer and commercial loans?

This product is strictly for commercial asset loans. You can only fund loans that are secured by commercial assets. This means you cannot use this product to fund consumer loans or any other type of loan that is used for personal use.

Can this product be used for secured and unsecured loans?

Yes it’s for secured asset finance (Chattel Mortgage) and unsecured business loans.

Can I charge a brokerage?

Yes you can charge up to 10% brokerage and an origination fee up to $1500.

Can I choose the rate?

You have flexibility to charge based on the risk profile of the applicant. You can set the interest rate for each loan based on your assessment of the borrower’s risk profile, the asset class, and overall profile of the application. This allows you to balance your risk exposure with the potential return on investment.

What part of the process does Quest handle?

Quest will:

  • Conduct a thorough assessment of the loan, including credit, AML, and compliance checks. This means that Quest will handle all the necessary due diligence to ensure that the loan is compliant with relevant regulations.
  • Settle and manage the loan administration. Quest will handle all the administrative tasks related to the loan, including registering the security interest of the asset on the Personal Property Securities Register (PPSR) and disbursement of funds.
  • Distribute principal and interest payments to you every month. Quest will manage the collection of loan repayments from the borrower and distribute these payments to you on a monthly basis.
  • We handle collections and potential late payments.

What are the early exit fees?

You can decide if you want to charge an early exit fee, it’s up to you Our finance contracts state that we can charge an early exit fee that could be up to 100% of the interest that would have been earned over the remaining term of the loan.

Can anyone lend money on Quest's platform?

Answer:

  • No, only sophisticated investors can lend (as defined under the Corporations Act 2001) a sophisticated investor must meet one of the following criteria: have Net assets of at least $2.5 million or Gross income greater than $250,000 in 2 consecutive years.
  • The information on this website does not constitute investment or financial product advice. It does not take into consideration your individual circumstances, objectives, financial situation or needs.
  • Quest is not promoting any financial product or investment option.

What happens if my client doesn’t pay?

Quest will conduct a thorough collection process in every effort to redeem funds and work with the applicant in accordance with our agreement. This may include, but is not limited to:

  • Notice of demand: Quest will send formal notices to the borrower demanding payment.
  • Defaulting the applicant on credit bureaus: If necessary, Quest will report the default to credit bureaus, which can negatively impact the borrower’s credit score.
  • Placing caveats on property/s: Quest may place caveats on properties owned by the borrower to secure repayment.
  • Repossession of the asset: In extreme cases, Quest may repossess the asset used as security for the loan.

What happens in the event of a default and a repossession?

In the event of a default and potential repossession, Quest will arrange for the asset to be delivered to a relevant auction house and costs recouped. If repossession becomes necessary, Quest will handle all aspects of repossessing and selling the asset through an auction house. The proceeds from the sale will be used to cover any outstanding loan balance and associated costs.

What does Quest charge?

Quest charges an annual platform fee and 3% of the customer rate. This fee is deducted from the interest payments received from the borrower.