Fit Loans exists to provide a fresh, honest and customer focused approach to lending.


About Us


Fit Loans was created to help borrowers find a suitable loan product and structure that fits their borrowing and financial needs. We pride ourselves on our high quality of client care and keeping you informed every step of the way.

With the market flooded with a variety of loan options, Fit Loans is here to take out the confusion and stress associated with finding a suitable loan for you.

We are dedicated to assisting you to find the loan that fits your needs. Whether you are ready to buy your first home, refinance an existing loan, looking for an investment property or simply wanting to learn more about reducing your debt, Fit Loans is here to help.

Variable, fixed, interest only, LVR, LMI…. we cut through the jargon and explain things in an easy to understand manner. We weigh up all your options and take you through our recommendations step by step.

We don’t play favourites with lenders – we find the most suitable fit for you. Fit Loans advice is free of charge.

It only takes a minute to complete our enquiry form and from there, a Fit Loans consultant will be in contact within 24 hours to provide assistance and answer any queries you may have.

All information will be kept strictly confidential and secure.



Frank Zinghini - Fit Loan

Frank Zinghini
Managing Director


Finance Brokers Association of Australia

Fit Loans was created to help borrowers find a suitable loan product and structure that fits their borrowing and financial needs. We pride ourselves on our high quality of client care and keeping you informed every step of the way.

With the market flooded with a variety of loan options, Fit Loans is here to take out the confusion and stress associated with finding a suitable loan for you.

We are dedicated to assisting you to find the loan that fits your needs. Whether you are ready to buy your first home, refinance an existing loan, looking for an investment property or simply wanting to learn more about reducing your debt, Fit Loans is here to help.

Variable, fixed, interest only, LVR, LMI…. we cut through the jargon and explain things in an easy to understand manner. We weigh up all your options and take you through our recommendations step by step.

We don’t play favourites with lenders – we find the most suitable fit for you. Fit Loans advice is free of charge.

It only takes a minute to complete our enquiry form and from there, a Fit Loans consultant will be in contact within 24 hours to provide assistance and answer any queries you may have.

All information will be kept strictly confidential and secure.

Frank Zinghini - Fit Loan

Frank Zinghini
Managing Director


Our Services

Home loans

Refinancing

Business lending

Investment loans

Construction loans

Commercial loans

Motor vehicle finance

Asset finance

Debt consolidation

Self managed super funds


Why Choose Us?


Whether you are a first home buyer or a seasoned investor, Fit Loans will find the right loan to fit your needs. We will provide you with quality customer service that you will value for the life of your loan.


  • We have access to over 35 different lenders
  • Our services are provided free of charge
  • We work for you, not the lender
  • We will be easy to do business with
  • We will always get back to you promptly
  • You will be kept informed every step of the way
  • We will go the extra mile, every time
  • We will listen to what you want
  • We will provide a loan solution that fits your needs
  • Our team is qualified and fully compliant

Education Centre


Fit Loans believe that you can never learn too much. That is why we have set up an education centre providing informative articles and check lists that can be read online or downloaded for later viewing.




Testimonials


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“As a single mother, purchasing a property on my own was very daunting. Frank was fantastic throughout the entire process. He was very professional but also very understanding and compassionate about my situation.

His knowledge was amazing and he found the right product that suited my needs and personal circumstances.

What I appreciated most about Frank was he continuously kept in contact throughout the entire process. I was never left wondering what was happening. This was really reassuring.” – Angela

Angela Finance April 20, 2015

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    Competition

    RBA Alert & Special Offers

    2 months ago

    Fit Loans
    There’s no ‘one size fits all’ when deciding to purchase your first home and repay your own mortgage rather than continue to rent and repay someone else’s mortgage.Let’s face it though, the ever-increasing rise in property values has potentially put off many home buyers, especially first timers and those earning a low-to-average income. You might be surprised that at the moment over a third of Australian properties are cheaper to own than rent.This was calculated by approximating the mortgage repayments (using the assumption of a 20% deposit, interest rate of 2.4% and a loan term of 25 years) and comparing it against rental estimates for housing across Australia.However, location plays a large part in determining where it is more affordable to buy versus rent. The majority of these locations are regional areas, while in capital cities renting could still be cheaper in the short term.So how can this be? The short answer is that in the current environment, most borrowers are able to obtain a loan at an interest rate that is below the rental yield that would be achieved on the property. As rental yields are generally higher in regional areas, the majority of properties that are cheaper to buy than rent are within these locations. Aside from location, there are additional factors to consider in buying vs renting:As an owner-occupier* You will need to factor in the cost of stamp duty, council rates, water rates and home maintenance costs that would otherwise be paid by the landlord if you were renting.* While repayments may be higher than renting, you need to consider that part of your mortgage repayment is likely to be paying down your loan principal and deemed as forced savings.* As an owner, you have the benefit of growth in the capital value of the property over time.* Any surplus funds you have can potentially be used to pay down your mortgage making you closer to outright home ownership.* At some time in the future, you will have repaid your mortgage unlike continuing to rent. As a renter* You never stop paying rent, even when the landlord has repaid their mortgage.* Rental costs are likely to increase over time and are linked to the supply and demand for property, while repayments on a mortgage will be linked to movements in interest rates (that can also be fixed).* Your rental tenure at the property can be out of your control should the owner wish to sell the property or have alternate uses for the property.* You have greater flexibility to move to a new property without all the responsibility of selling and buying property.Still uncertain if you should buy or rent? Click the following link to read our guide on the pros and cons of both.yourfinancenews.com.au/mec-pf-september-2021-cta-page/?pnum=03388&campaignSubscriberId=29695&emai...Could now be the time to become a home owner?Take advantage of historically low interest ratesOfficial interest rates and resulting borrowing rates are at an all-time low, having the effect of reducing your loan repayments. It is unlikely that repayments are going to be more affordable than they are in the current market. Government grantsFor many the dream of owning their own home may feel like an unattainable goal. However, depending on your eligibility, there are government schemes available to help you get your foot in the property market.* The $10,000 First Home Owner Grant (FHOG) is available to eligible first home buyers (FHBs) who purchase, build or substantially renovate a house, townhouse, apartment or unit* An additional 10,000 places of The First Home Loan Deposit Scheme (FHLDS) for eligible low to middle income earners was made available on 1 July 2021* The Family Home Guarantee scheme is available until 30 June 20254 to eligible single parents with dependants who want to build or buy a home with as little as a 2% deposit – subject to their ability to service a loan, regardless of whether that single parent is a first home buyer or a previous home owner * There are other state and territory grants, concessions and incentives available. Talk to your finance specialist (us) to help you understand which ones may be applicable to you.Struggling to afford a property, but still want to get into the property market?Have you considered rentvesting? This is where you continue to rent, however you purchase your first property as an investment property. While you may miss out on a number of the first home buyer grants, the rent from your tenant will assist you with the repayments making this a potential financially viable option.The first step in determining your property journey is to understand and define your personal situation. Book an appointment with the office and we will sit down and help you with your options. After all…Your Finance MattersFrank Zinghini ... See MoreSee Less
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    3 months ago

    Fit Loans
    Many of us are guilty of using ‘Buy Now Pay Later’ (BNPL) to buy a new pair of shoes, clothes or even a short break or holiday.However, it is concerning that some Australians have even resorted to using BNPL for essential items like healthcare and car repairs, oblivious of the consequences.Online shopping peaksNot surprisingly, online shopping has accelerated nationwide during the COVID-19 pandemic and lockdowns, topping out at a 57% increase year on year. In fact, around four in five households (or almost nine million) purchased online at some point during the year.It is not only online shopping sales that have increased, Aussies have also been using BNPL more often to satisfy their spending wants and needs. Buy Now Pay Later sales increaseAfterpay, Australia’s leading BNPL platform, has not only increased sales by 63% year-on-year but also added another 18,000 merchants to reach 48,000 – a 50% yearly increase.The banks are even getting on board!It’s easy to see why even the big banks are getting on board, as BNPL offerings are competing against the traditional credit card for a share of online sales. The Commonwealth Bank of Australia is entering the BNPL market with the soon to be launched ‘StepPay’. With StepPay, you can split purchases from $100 to $1,000 into four repayments where Mastercard is accepted.Beware the risks of BNPLWe are all aware of the benefits of BNPL in the lead up to Afterpay Day – a bi-annual shopping event traditionally in March and September each year with offers and discounts available for thousands of brands online and in-store. However you need to be conscious of the risks of BNPL. Why?For some of us, it can be difficult to make BNPL repayments on top of other financial commitments.ASIC, Australia’s integrated corporate, markets, financial services and consumer credit regulator, has released research into the BNPL industry. The research unveiled some concerning facts about the ability of users to make their BNPL payments on time:20% missed or were late paying other bills or loans,20% of consumers surveyed said they cut back on or went without essentials (eg meals), and 15% of consumers surveyed said they had taken out an additional loan3.Before you spend up on Afterpay Day, know the following!You could be risking the success of your next loan application.Using a BNPL service could affect your chances of securing a home loan. Lenders often review what you owe on these accounts and payments made to such services.Not all BNPL providers perform credit checks before offering their services, but if you default on a BNPL payment, it could be flagged on your credit report and possibly have a negative impact on future loan applications.There are examples of this occurring, with the purchase of a $500 dress using Afterpay almost costing a young woman her dream home4.If you use BNPL, other risks to be aware of include:* Default payment penalties can be high with the possibility of paying up to 25% of the initial purchase price* Late repayments can be recorded against your credit report* It can become easy to spend beyond what is affordable* You could find yourself in a vicious debt trap by taking out another loan to repay your BNPL ‘loan’* Having multiple BNPL accounts can become hard to manage and repay when you sign up for more than one service* Saving for your purchases or using lay-by can ultimately be a cheaper solution and will ensure that you are spending within your means. BNPL arrangements are clearly a popular payment method. While many of us can manage this instant gratification payment scheme, some consumers can suffer the consequences. If we reflect on the basics of how these BNPL companies make their profit, it is clear that the service should be used with caution.yourfinancenews.com.au/mec-pf-august-2021-cta-page/?pnum=03388&campaignSubscriberId=29385&email=f... ... See MoreSee Less
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