Frequently Asked Questions

The basics to be eligible to apply for Braid Finance are:

  • 18 years of age
  • Have internet banking for the account your income is deposited into and access
  • Have regular consistent income going into a bank account for 6 months
  • Have at least 90 days of bank statements. This can be across different bank accounts.
  • Be an Australian Citizen or Permanent Resident

It is free to apply with us. If you are not sure if you will meet our criteria, we encourage you to complete an application so we can look into your individual situation. We treat every application on its merits on a case by case basis. We understand that everyone’s situation is different. Loan applications are only accepted online.

The purpose of our application form is to get a better understanding of your financial position and credit history. 

Besides basic questions, we will ask you to submit a your bank statements, Medicare Card, Drivers License or Passport. 

We are required to identify you, which we do electronically using ID numbers, we need 100 points of ID to process your application.

Please have your identity documents such as a drivers licence handy.

On occasion we will need other supporting documentation which our loan specialists will request if needed.

We lend to people with a bad credit history, good credit history and no credit rating at all.

As responsible finace brokers, we do perform credit checks on eligible applicants. Credit checks will play a small role in our decision making. We focus more on your present financial position than your past financial position.

We will never perform a credit check without your express consent which you provide to us when you apply for a loan with us. We store your acknowledgement and consent for 7 years and it can be supplied on demand.

Applications can be submitted 24 hours a day via our website application form. Most applicants will get a call back within 24 to 48 hours. If anything further is required we will notify you on your call.

Our Slacks Creek Braid Finance Office hours are:

  • 8.30 am to 5.30 pm – Monday to Friday
  • 8.30 am to 2.00 pm – Saturday
  • CLOSED – Sunday

If you have applied outside of business hours, we will contact you when business hours resume on Monday or in the morning of a weekday.

 Approved applicants then have their cash in their bank account within minutes after signing their contract.

It means your employer pays for your car lease and car running costs out of your salary package. Ask your employer whether they offer Novated leases before settling for this option.


Loan repayments

Most lenders will require a monthly minimum repayment to cover your interest. This will also depend on the type of loan you have and arrangement with lender.

General Finance Information

Bank Headquarters Established Owned by / Subsidiary of
86 400 Sydney 2019 Subsidiary of UBank a division of National Australia Bank[3]
AMP Bank Sydney 1849
Australia & New Zealand Banking Group (ANZ) Melbourne 1835
Australian Military Bank (previously Australian Defence Credit Union)[4] Sydney 1959
Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank)[5] Sydney 1953
Australian Settlements Limited (ASL)[6] Canberra 1993
Auswide Bank formerly Wide Bay Building Society Bundaberg 1966
Bank Australia (previously Bankmecu) Melbourne 1957
BankFirst Melbourne 1972
Bank of Melbourne Melbourne 2011 Subsidiary of Westpac
Bank of Queensland Brisbane 1863
BankSA Adelaide 1848 Subsidiary of Westpac
BankVic Melbourne 1974
Bankwest Perth 1895 Subsidiary of the Commonwealth Bank
Bendigo & Adelaide Bank Bendigo 1858
Beyond Bank Australia Adelaide 2008
Clean Energy Finance Corporation Sydney 2012 Owned by the Australian Government
Commonwealth Bank Sydney 1911
Defence Bank Melbourne 1975
Delphi Bank (previously Bank of Cyprus Australia)[7] Melbourne 2000 Division of Bendigo & Adelaide Bank
Gateway Bank Sydney 1955
G&C Mutual Bank Sydney 1959
Greater Bank Newcastle 1945
Heritage Bank Toowoomba 1875
Hume Bank Albury 1955
IMB Bank Wollongong 1880
Macquarie Bank Sydney 1969
ME Bank Melbourne 1994 Subsidiary of the Bank of Queensland
MyLife MyFinance[8] Melbourne 2016
MyState Bank Hobart 2009
National Australia Bank Melbourne 1982
Newcastle Permanent Building Society Newcastle 1903
P&N Bank Perth 1990
Police Bank Sydney 1964
QBank[9] Brisbane 1964
Qudos Bank Sydney 1959
RACQ Bank[10] Brisbane 1965 Owned by Royal Automobile Club of Queensland
Regional Australia Bank Armidale 1969
Rural Bank (previously Elders Rural Bank)[11] Melbourne 2000 Subsidiary of Bendigo & Adelaide Bank
St George Bank Sydney 1992 Subsidiary of Westpac
Suncorp Bank Brisbane 1902
Teachers Mutual Bank Sydney 1966
Tyro Payments Sydney 2003
UBank Melbourne 2008 Division of National Australia Bank
Unity Bank Sydney 1970
Up[12] Melbourne 2018 Subsidiary of Bendigo & Adelaide Bank
Volt Bank Sydney 2018
Westpac (previously Bank of New South Wales) Sydney 1817

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Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority under the Banking Act issued by APRA, either to operate as a wholesale bank through an Australian branch or to conduct business through an Australian-incorporated subsidiary.

Bank Headquarters
Arab Bank Australia Sydney
Bank of China (Australia) Sydney
Bank of Sydney, subsidiary of Bank of Beirut Sydney
Citibank Australia Sydney
HSBC Bank Australia Sydney
HDFC Bank Australia Sydney
ING Bank (Australia) a subsidiary of ING Group, Netherlands Sydney
Rabobank Australia (a subsidiary of Rabobank Nederland from October 1994) Sydney

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  • ABN AMRO Bank N.V.
    Bank of America, National Association
    Bank of Baroda
    Bank of China Limited
    Bank of Communications Co., Ltd.
    Barclays Capital (the trading name of Barclays Bank plc)
    BNP Paribas
    China Construction Bank Corporation
    China Everbright Bank Co. Ltd.
    Credit Suisse
    DBS Bank Limited
    Deutsche Bank AG
    HBOS Treasury Services plc
    HSBC Bank plc
    ING Bank NV
    JPMorgan Chase Bank, National Association
    Mega International Commercial Bank Co., Ltd.
    Mizuho Corporate Bank, Ltd
    National Bank of Greece
    Oversea-Chinese Banking Corporation Limited
    Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)
    Royal Bank of Canada
    Société Générale
    Standard Chartered Bank
    State Bank of India
    State Street Bank and Trust Company (SSBATC)
    Sumitomo Mitsui Banking Corporation
    The Bank of Tokyo-Mitsubishi UFJ, Ltd
    The Hongkong and Shanghai Banking Corporation Limited
    The Northern Trust Company
    The Royal Bank of Scotland Plc
    Taishin International Bank
    Taiwan Business Bank
    Taiwan Cooperative Bank
    UBS AG
    Union Bank of India
    United Overseas Bank Limited
    Woori Bank

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