Home - Fit Loans

We work for you,
not the banks

We sort through hundreds of loan products,
from over 35 different lenders, to find
the loan with the right fit for you.

Relax, we do all the legwork and keep
you informed every step of the way

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
Managing Director

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
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

Our Services

Home loans
Refinancing
Asset finance
Business lending
Investment loans
Commercial loans
Debt consolidation
Construction loans
Motor vehicle finance
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.

View All Helpful Articles

Testimonials

Would highly recommend. Amazing service. Frank was extremely efficient with his responses and always explained everything thoroughly (good and bad). We were very impressed with the service and are very thankful to have had such a great broker!

Shenae Clements
June 8, 2023

Just refinanced with Frank's assistance and he made the process so smooth. It's such an advantage when your mortgage broker goes above and beyond to understand what you need, what your priorities are and what will work best for you. We will definitely keep coming back each time we need help with financing.

Harvey Jones
December 8, 2022

Great experience with Fit Loans. A friend recommended them and I'm so glad they did. Frank was so helpful and approachable. He always explained things clearly and patiently answered my questions. Highly recommend.

Sarah Ryan
December 8, 2022

Look no further than Frank @ Fit Loans - you won't be disappointed. Frank was recommended to us when we wanted to know more about our financial circumstances and were not in a position to buy our new home. He came on the journey with us, provided constant advice, was pro active, very responsive and when we found out perfect home went over and above to help us secure our home. Countless emails & phone calls day and night, Frank truly went above and beyond. Looking forward to our next opportunity to use Fit Loans again.

Catherine Maiuto
December 8, 2022

As a first home buyer, I entered into the property market with a great deal of anxiety and trepidation. Frank at Fit Loans was a 'word of mouth' recommendation, and I felt comfortable with him immediately. Not only was he available and responsive, he took the time to explain information and processes in an accessible way - repeatedly if necessary. I was always confident that he conducted a thorough and individual assessment of my needs as a buyer, and sought the best home loan deal for me. Other brokers I had approached came across as clinical, salesy, process driven and impersonal. One of the best things about Frank is his knowledge and acumen regarding the finance and banking industry. He has exceptional interpersonal skills too. I also suspect he'd make quite a good counsellor!

Chaouen Fan
December 8, 2021

Frank is excellent, he always gave us the right advice. Very responsive and gave a very clear explanation to all our doubts and patiently answered all our questions. Highly recommended.

alekhya pinisetti
December 8, 2021
Frank is very switched on and responsive, which helps immensely during the loan application process. Couldn't be happier!

Justin Shu
December 8, 2021

Frank's service was professional, friendly and high quality from the moment we met. Frank has great attention to detail and took the time to explain the process every step of the way. Highly recommended.

David Mangano
December 8, 2021

i would highly recommend Fit Loans. Frank went above and beyond for us to get our loan sorted. Frank is diligent and responsive. We cant thank Frank enough.

Terri Shannon
December 8, 2020

I had a wonderful experience with Frank.. He was very open and honest and supportive throughout the whole process. His communication was excellent, very professional and he found me a great deal. He is attentive, reliable and was always available to answer any questions or concerns I had. I have friends and family that have also used his services and they’ve all been more than satisfied. Highly recommend.

Sofia Skliros
December 8, 2020

Extremely easy to deal with. Frank made the whole process a breeze. Much much much simpler and also cheaper than what the bank offered. Cant recommend Frank at Fit loans enough.

Alumach Pty Ltd
December 8, 2020

Frank was brilliant to deal with. He was always there when I needed him, made dealing with banks easier and also provided in depth information that allowed us to get the best out of our new home loan. I highly recommend Fit Loans!

Nathan Vellucci
December 8, 2020

Contact Us

Phone : +61 3 9452 6959
Mobile : +61 412 671 545
Postal Address: Suite 126, Shop 1/33 Mackenzie St Melbourne VIC 3000

Fit Loans

2 weeks ago

Last month’s RBA rate cut brought welcome relief to many mortgage holders, but the reality remains tough - nearly half of Australians with home loans have struggled financially over the past 12 months.While speculation about further rate reductions continues, it’s crucial to maintain strong financial habits and budgeting discipline if you’re still feeling the pinch.With an increasing number of homeowners entering formal financial hardship arrangements, this month we’re cutting through the confusion by busting common myths, breaking down your options and arming you with the facts you need to take control.If you’re finding loan repayments difficult, don’t wait until it’s too late. Reach out early. And if it’s been more than 12 months since your last loan review, now is the perfect time for a fresh assessment of your finances.We’re here to help you explore smarter solutions tailored to your situation.This update is essential reading for all mortgage holders, so feel free to share it with family and friends who might benefit.And just to add a bit of excitement - our brand new competition is officially OPEN! You could win a fantastic prize package valued at AUD$9,000 - a $7,500 Luxury Escapes gift card plus $1,500 in CA$H.Enter today before your evening plans take over!It’s no secret… More Australians are feeling the pinch.ASIC’s June 2024 release reported nearly half of adults with debt (47%) struggled to make repayments in the previous 12 months. This was a reflection of the ongoing cost of living pressures, reduced incomes and unexpected expenses faced by many Australians.Despite this widespread struggle, 30% of those in difficulty say they would not seek a hardship arrangement from their lender. Instead, 42% would rather sell personal belongings and 40% would pursue a second job before applying for formal financial hardship assistance.More recently a growing number of mortgage holders are seeking formal financial hardship arrangements with their banks or lenders.But what does entering financial hardship mean for your ability to apply for a loan or credit card in the 6 to 12 months that follow?Let’s break it down, bust some myths and arm you with the facts.What is a financial hardship arrangement?A financial hardship arrangement is a formal agreement with your lender to temporarily change your loan repayments. Think reduced payments, pauses or extensions because you’re currently unable to meet your usual obligations due to circumstances such as job loss, illness, family breakdown, unexpected expenses or other reasons. It’s designed to help you land back on your feet without defaulting.How does financial hardship appear on your credit report?Since July 2022, financial hardship information (FHI) is recorded on your credit report if you enter an arrangement with your lender. This information remains on your report for 12 months from the end of the hardship arrangement. During this period, any lender you apply to for new credit can see that you’ve been in hardship, but crucially, this information is not used to calculate your credit score.Does a hardship arrangement affect your credit score?Here’s the good news! Simply entering a hardship arrangement does not affect your credit score. The law protects you here. Credit reporting agencies cannot use hardship information to lower your score. However, if you miss payments outside the terms of your new arrangement, those missed payments can and will impact your score. So sticking to the agreed plan is key.Will lenders see that you’ve been in hardship?Yes. If you apply for credit within 6 - 12 months of your hardship arrangement ending, lenders will see the FHI on your report. This doesn’t automatically disqualify you from obtaining new credit, but lenders may ask more questions about your current financial position and whether you’re still experiencing hardship. They want to be sure you’re back on solid ground before approving a new loan.What are the practical effects of obtaining credit in the 6 – 12 months after hardship?Extra scrutinyLenders may request more documentation or ask about your current income, expenses and stability.Cautious approvalSome lenders may be more conservative, offering lower credit limits or higher interest rates or may require a longer period of demonstrated financial stability.No automatic rejectionYou are not barred from applying for credit. Many lenders will consider your application on its merits, especially if you have maintained your new repayment plan.After 12 monthsThe hardship flag is removed from your credit report and your application is assessed the same as anyone else’s assuming no other negative marks remain.Is it better to ask for help or just miss payments?Absolutely ask for help.A formal hardship arrangement is far less damaging than missed or defaulted payments. Defaults can stay on your credit report for five years and significantly lower your score, making it much harder to access credit in the future.By contrast, a hardship arrangement, if you stick to it, shows you’re proactive and responsible.The emotional toll and why you shouldn’t go it aloneFinancial hardship isn’t just about numbers. Aussies report stress, sleepless nights and even health impacts from money worries.Yet two thirds of those who sought help from their lender felt supported and relieved afterwards.Don’t let embarrassment or fear stop you from reaching out. Help is available and it’s your legal right.Key takeaways* Financial hardship arrangements appear on your credit report for 12 months but do not lower your credit score unless you miss payments under the new plan.* Lenders can see hardship information and may ask more questions if you apply for credit within the 6 - 12 months window, but you are not automatically excluded from borrowing.* After 12 months, the hardship note disappears provided you’ve maintained repayments.* Acting early and communicating with us to work with your lender on your behalf is always better than missing payments or ignoring the problem.* Seeking help is a sign of strength, not failure. And it’s the best way to protect your financial future.Just a heads upIf your repayments are paused or reduced under a hardship arrangement, you’ll still need to catch up on those missed or reduced payments over time. Taking the hardship path doesn’t mean those repayments disappear - they’ll simply be rescheduled at a later date.If you or someone you know is facing financial hardship, don’t wait until things spiral.Reach out to our finance team for guidance. You’ll be in good company and you’ll be taking the first step to being back on track.Remember: Help starts with a question. Just ask! ... See MoreSee Less

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Fit Loans

2 weeks ago

🎉 HUGE NEWS! 🎉 Our brand new competition is LIVE! Click here to enter and you could be our next winner! 👇yourchancetowin.com.au/c4c230c1#competition #win #giveaway #yourchancetowin ... See MoreSee Less

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Win an incredible prize package, total value of AUD$9,000.00

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Fit Loans

3 weeks ago

We would like to focus on those who are making home ownership affordable this month.The time required to save a 20% deposit has ballooned to 11.4 years, up from less than seven years in 2002. Yet, despite these hurdles, over 110,000 first home buyers entered the market in 2024 alone – proving that homeownership remains attainable for those with focus and financial discipline.CoreLogic data shows first home buyers now account for 20% of all property transactions, demonstrating that market entry remains possible even with median prices approaching $985,900 for houses.The key differentiator?A structured approach:Extended savings periods with strict budgetingTargeted use of government schemes such as the Home Guarantee Scheme (HGS)Creative financing solutions including family assistance and shared equity modelsSo the dream remains alive, however it just requires more planning, patience and creativity than ever before.So sit back, relax and please enjoy this month’s property and finance update to see how you or your adult children can make that Australian property dream come true.Let’s face it… The Australian dream of homeownership has become a bit of a moving target. With house prices outpacing wage growth and the property market evolving faster than a barista’s latte art, it’s easy to feel like you’re chasing a mirage.But here’s the good news - flexibility of mindset, not just discipline, is helping more Australians find their way onto the property ladder. And the ‘bank of mum and dad’ is always a great help.Borrowing capacityThe real key to the front doorWhile property prices dominate headlines, your borrowing capacity is the real gatekeeper to homeownership. Lenders assess your ability to repay a loan based on your income, debts and, crucially, your living expenses. This means that even in a high priced market, those who can demonstrate strong borrowing capacity are still in the game.Reassess, reduce and rethinkLiving expenses under the microscopeOne of the most effective ways to boost your borrowing power is to take a hard look at your living expenses. Ask yourself: “Do I really need this, or can I find a cheaper alternative?”Swapping premium brands for generics, renegotiating utility contracts or even just cutting back on those daily smashed avos can make a surprising difference.Every dollar you save not only helps your deposit grow but also improves your serviceability in the eyes of lenders.The lender landscapeMore options than everGone are the days when you had to walk into your local bank branch, hat in hand, and accept whatever they offered.Today, there’s a broad range of lenders - major banks, regional players, credit unions and non bank lenders - all vying for your business. Mortgage brokers are uniquely positioned to navigate this landscape, comparing products and policies to find the right fit for your personal circumstances.We can also help guide you to the lenders that are more flexible with living expenses, deposit sizes or employment types.Parental assistance has become a cornerstone of property entry, with 40% of first home buyers receiving family help averaging $200,000.This intergenerational wealth transfer takes multiple forms:Direct cash gifts for depositsFamily security guarantees using parental equityCo-purchasing arrangements with shared ownershipWhile controversial, this trend reflects practical solutions to deposit hurdles that would otherwise take decades to overcome.Lenders’ mortgage insuranceFriend, not foeMany buyers fear lenders’ mortgage insurance (LMI). However, by having a good understanding about LMI clients find it far less daunting.By investing in LMI you can significantly reduce the upfront cash required, making it possible to buy sooner with a smaller deposit. LMI can either be capitalised onto the loan amount or paid upfront.In some cases, the total loan amount may even be lower than if you waited years to save a 20% deposit - especially if property prices keep rising.NOTE: By providing a larger deposit, a borrower can reduce the LMI premium, thereby saving on LMI costs and potentially secure a lower interest rate.Shared ownershipGovernment and non-government optionsShared equity and shared ownership models are gaining traction as innovative ways to break into the market.Government schemes, such as the Help to Buy program, allow you to co-purchase a property with the government, reducing your deposit and loan size. However, these schemes come with strings attached - think renovation restrictions and the requirement to buy out the government’s share in $10,000 increments. This can limit flexibility.Non-government shared ownership models, often run by private organisations or community housing providers, may offer more flexibility but can have their own eligibility criteria and restrictions.It’s essential to read the fine print and seek advice before jumping in.It’s time to review the idea that your first home must be your forever home. Many successful buyers start with a modest property, perhaps a unit, townhouse or a home in a growth corridor, and use it as a stepping stone. Over time, as equity builds and circumstances change, you can upgrade to your dream home. This approach not only gets you into the market sooner but also allows you to benefit from capital growth.Whether it’s reassessing your spending, exploring new lending options or considering shared ownership, there are more pathways to the front door than ever before.And remember, your first home doesn’t have to be your last. Sometimes, the best way to reach your dream is one stepping stone at a time.If you’re ready to explore your options or would just like to chat about your next move, feel free to reach out.The property market may be tough, but with the right strategy you can still make it your own. ... See MoreSee Less

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Fit Loans

3 weeks ago

RBA May 2025 updateGreat news this month!The Reserve Bank of Australia has finally decided to give our wallets a little breather and cut the official cash rate by .25%, bringing it down to 3.85%.Cue the collective sigh of relief from mortgage holders everywhere!We look forward to your lender passing on these cuts to your mortgage.What’s behind this rate cut?After a few months of holding steady at 4.10%, the RBA has recognised that the economy needs a bit of a nudge. With GDP growth wobbling at 1.3%, inflation now comfortably within the target range at 2.4% and the job market showing some signs of softening, it’s clear that the ‘restrictive rates’ party is over.The RBA’s message?Time to dial back the pain and help the economy catch its breath.What does this mean for you?If you’re on a variable rate, expect your lender to adjust your repayments soon. That means more money staying in your pocket each month (now there’s a reason to smile).For investors, lower rates could reduce borrowing costs and potentially support property values, so it’s a good time to review your portfolio and ensure your finance structure is still working for you.For first home buyers, this could boost your borrowing power and make entering the market a little less daunting. However, it’s more important than ever to have a clear strategy and the right loan product.What should you do next?Review your current loan:If you have not had a loan review in the past 12 months, it’s time to reach out for one now to ensure you have the most competitive rate and product for your needs.Consider refinancingWith rates moving, there may be more appropriate loan options available. Reviewing your loan could help reduce your repayments over the life of the loanStay informedWe’ll continue to keep you updated with any major changes and opportunities in the market.What’s next?Markets are expecting more cuts through the year, potentially trimming the cash rate down to around 3.10% by August and even lower by early 2026.So, if you would like a second opinion or you are thinking about refinancing, now is a great time to chat about your options.We are looking forward to chatting with you soon.With your ‘best interest’ always in mind. ... See MoreSee Less

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Fit Loans

2 months ago

RBA ANNOUNCEMENT – APRILThe Reserve Bank of Australia has decided to leave the current cash rate at 4.1%.This month’s announcement is not surprising considering that Michele (Michele Bullock, RBA Governor) warned us that further rate cuts were not implied. Fingers crossed for the next RBA meeting in mid May.Come on Michele!Firstly we would like to extend our thoughts and warm wishes to our friends, colleagues and family who were impacted by the damage left by ex-tropical cyclone Alfred. As the community cleanup continues for residents of Southeast Queensland and Northern NSW, we have seen a barrage of commentary about the impact of the property market in these areas.Tim Lawless, CoreLogic’s Head of Research, has weighed in on the potential effects of such severe weather events. While acknowledging that these events are becoming more frequent, he reminds us that Australians, particularly in the northeast, have previously faced similar challenges.Historically, property markets in affected areas have shown resilience, often rebounding after an initial dip. For instance, following the 2022 floods in Southeast Queensland and coastal NSW, property prices recovered swiftly with some flood free homes even appreciating in value.This month we would like to focus on what happened last month after the RBA decided to drop the cash rate for the first time in over 4 years.Enjoy this month’s update.Please note: The interest rates quoted in this month’s feature article are from our March data and may have changed in recent days. It always pays to check in with us to explore your finance options.Australia’s financial comparison website (Canstar) in their March analysis of home loan rates revealed some exciting changes in the mortgage market, coinciding with a positive shift in Australia's housing sector.Here's what happened last month:Home loan market activityThe home loan market saw a flurry of activity with many lenders adjusting their rates. This increased competition is good news for borrowers as it often leads to competitive deals and lower interest rates.Housing market recoveryAustralia's housing market bounced back from its recent downturn. This suggests that property values are showing signs of an increase again in many parts of Australia after a period of small, declined growth.Rate cut impactThe Reserve Bank of Australia (RBA) interest rate cut in March was the first in over 4 years. With some lenders dropping their fixed rates early in anticipation of the rate cut, we have already started to observe a significant effect on the property market.Rate cuts:lower borrowing coststypically increase buyer confidence in the property market, andencourage more people to consider purchasing homesBoosted buyer sentimentRate cuts make potential homebuyers feel more optimistic about entering the property market.This increased confidence is likely to lead to:More people attending open housesHigher auction clearance ratesPotentially faster property salesThe combination of more competitive home loan rates and lower interest rates from the RBA appears to be turning the housing market around.Current trends in variable mortgage ratesCurrent trends in variable mortgage rates are showing a positive shift for borrowers in Australia. The recent RBA decision to cut the cash rate by 0.25% has led to widespread reductions in variable home loan rates. Most lenders, including the Big Four banks, have passed on this rate cut to their customers.The average variable interest rate for owner occupiers paying principal and interest in March was about 6.59%.However, the current market offers more competitive options, with the lowest available variable rate across any loan to value ratio (LVR) sitting at an attractive 5.59%.The home loan landscape has become increasingly favourable for borrowers:There are now 358 rates under 5.75%.80 lenders reduced their rates last month.35 lenders are offering at least one variable rate under 5.75%.It's worth noting that most of these competitive rates are not offered by major banks.While these trends are promising, it's crucial to remember that finding the right home loan involves more than just chasing the lowest rate. Each borrower's situation is unique, and what works for one may not be ideal for another.This is especially important if you are guiding your adult children into the property market. The home loan we secured for you may not be the most appropriate for your young adult first home buyer.So make sure they talk to us before heading to your lender.Professional guidance can be invaluable in navigating the complex mortgage market and finding a loan that suits your specific needs and circumstances.Thanks for reading this month’s property and finance update.We look forward to hearing from you soon.As always…With your best interest in mind ... See MoreSee Less

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

About Us

Frank Zinghini Managing Director

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

Our Services

Home loans Refinancing Asset finance Business lending Investment loans Commercial loans Debt consolidation Construction loans Motor vehicle finance Self managed super funds

Why Choose Us?

Education Centre

Investment Property Checklist

Time For a Second Opinion

Is It The Right Time To Fix My Interest Rate

I’ll Be Renting For The Rest of My Life

Testimonials

Contact Us

RBA Alert & Special Offers

Frank Zinghini
Managing Director

Frank Zinghini
Managing Director

Home loans
Refinancing
Asset finance
Business lending
Investment loans
Commercial loans
Debt consolidation
Construction loans
Motor vehicle finance
Self managed super funds