Watch the story of how Loanoptions.Ai has helped many Australians find personal, equipment, business, and other asset loans.
One common thread in how we’ve been able to help provide value for borrowers is consolidating many ‘buy now & pay later’ loans together for more favourable terms, that cuts costs and helps Aussies save.
One borrower who has used our AI loan comparison services has managed to reduce her $500 a fortnight down to $110 fortnightly payments.
This has her saving $390 every 2 weeks.
Julian Fayad, founder and CEO of LoanOptions.Ai says:
“It’s not uncommon for us to see from $200 a week savings, anywhere up to $400 dollars.”
Yes! Loanoptions.AI uses its own proprietary advanced AI technology to make applying easier for borrowers.
Filling in information, comparing thousands of loan products from over 75 lenders, and matching borrowers to some of the best loan options available and suited to their needs — very quickly.
In August 2020, the fastest applications took less than 8 minutes.
After the launch of Version 3.0 of the AI, we’re clocking in applications that have been processed in around 5 minutes!
The quickest approval so far, just 36 minutes.
“Before their lunch break was over, they had their money in their account and all the debts that they had paid off.”
Our application and comparison process has no impact on your credit score, allowing you to explore and understand your options confidently. You can tailor your search to what suits you best, without any added worries until you apply, get approval, and lock in your loan.
Our AI software utilizes an algorithm that analyzes various metrics from bank statements. We also conduct a soft credit check on your file. This information enables Loanoptions.Ai to present you with the best options personalized to your needs and financial situation.
Our proprietary AI technology harnesses machine learning, third-party data, and optical character recognition, centered around our auto-complete engine. This streamlines the process of information entry, loan comparison, and application, resulting in high approval rates.
Introducing the Latest Edition of Loanoptions.Ai - LO V 3.0
In December 2023, we proudly unveiled the latest version of our AI. LO V 3.0 is even more powerful, faster, and more efficient, cutting the overall process time by 50%!
What you’re looking for is an instant loan, and it comes in different forms: credit cards, cash advance apps, payday loans, and online lenders.
Many people today rely heavily on credit cards or fast payday loans. It’s important to remember here that payday loans typically offer a small amount quickly at the cost of high interest rates, but they are more accessible to individuals with a poor credit history.
Comparing online lenders often gives you better access to a variety of terms, so you can secure better deals: lower interest rates, fewer fees and longer repayment terms for instance. Loanoptions.Ai gives you the tools to do just that. Like with any financial product, it's important to consider if this is right for you.
This will also be subject to the type of loan you are looking for, your credit score, and the sum of the loan. Some loans will be easier than others to apply for and receive fast (read more about that below!).
What you’re looking for is an instant loan, and it comes in different forms: credit cards, cash advance apps, payday loans, and online lenders.
Many people today rely heavily on credit cards or fast payday loans. It’s important to remember here that payday loans typically offer a small amount quickly at the cost of high interest rates, but they are more accessible to individuals with a poor credit history.
Comparing online lenders often gives you better access to a variety of terms, so you can secure better deals: lower interest rates, fewer fees and longer repayment terms for instance. Loanoptions.Ai gives you the tools to do just that. Like with any financial product, it's important to consider if this is right for you.
This will also be subject to the type of loan you are looking for, your credit score, and the sum of the loan. Some loans will be easier than others to apply for and receive fast (read more about that below!).
Personal loans can offer the versatility to cover any of life's needs, from home renovations to consolidating debt. Our AI-driven platform sifts through numerous lenders to present you with options like unsecured loans, fixed-rate loans, and lines of credit. With our streamlined process, you can have the funds you need without the typical stress and paperwork.
Have your eye on a new (or new to you second-hand) vehicle? Our AI-powered platform lets you compare a range of car loan options, including fixed-rate loans, novated leases, and balloon payments, tailored to your specific budget and needs. In about 5 minutes, you can have access to the best deals available based on your personal circumstance, making your lunchtime the perfect time to step closer to your next ride.
For businesses that rely on keeping up with the latest technology and equipment to stand against their competitors and provide customers with the best services possible, Loanoptions.AI provides the perfect solution to keep your operations running smoothly. Our equipment loans cover a wide array of financing options such as lease agreements, hire purchase, and chattel mortgages. Thanks to fast equipment loan comparison AI, you can secure the best terms and conditions during your lunch hour, and ensure your business stays ahead of the competition.
Loanoptions.Ai has been able to reduce the strain of crippling fortnightly or monthly repayments for numerous Aussies with multiple debts and Buy Now & Pay Later loans. You can use the AI loan comparison tool to do the same for you. Compare loan options with our AI (LO. 3) to find the best terms and repayment options based on your current financial situation.
Refinancing may allow you to make payments more manageable, give you added flexibility, help you pay off your term faster, and improve your credit score.
Refinancing may also make you subject to additional fees and longer exposure to moving interest rates. Remember to consider if this is right for you.
Loanoptions.AI can help assist you in finding loan options best suited for your goals and financial circumstances, based on loans provided by over 75+ lenders in the market.
Just use our loan comparison AI. We make it simple for you with three easy steps when applying for a loan online.
We make it simple for you. There are three easy steps to follow when applying.
Input.
Input your info into the AI options tool. The more information you provide, the more accurate your loan options will be. Don't worry, we'll ask you questions so you know what to add in.
With LO V3.0 you're now able to digitally scan in your docs with OCR technology to easily input them into the system. You'll still have the chance to verify and add to them. If you don’t want to take that route, call and talk to one of our helpful humans and we'll add in the info for you.
Compare.
Let our AI options tool do the work instantly! No waiting around!
With over 75 lenders, our AI options tool will analyse real-time data to curate and personalise the best results based on your priorities, giving you the best options for your future loan.
Your Choice.
Now pick from the list and if you need further clarity, the platform can provide you with a granular level of detail to help find what you are looking for. You’ll be able to curate a list of your best options and compare them against each other as you browse.
For a more personal touch, our Customer Service Consultants are available to talk to you.
That’s it! You’ll be able to track the progress of your loan through the same platform to let you know what stage it is at.
*While it's not exactly ‘instantaneous,’ as your application still needs to be read and approved by the lender, LO Version 3.0 streamlines the process. Through accurate loan matching, data entry, and thorough evaluation, we make getting approval easier and faster.
Once your loan is approved, you will get money immediately placed into your account.
Now 50% faster to compare online!
Secret fees.
The devil is in the details, and it can be more than a pain if you do not read the fine print properly or if not all associated fees are brought to your attention as a borrower.
Ask yourself these questions:
Entry/Exit Fees.
Are there any entry or exit fees?
Late Payments.
What are the late repayment fees?
Early Payments.
Are there fees for paying your loan off early?
Added Costs.
Are there any other added costs that could come up?
We’re here to help empower you to make the best decisions for yourself when it comes to your finances.
Need some help in understanding and navigating the fine print with your options?
At the end of your loan comparison, you’ll always be able to contact our Customer Service Consultants to talk through and compare the terms to make sure that your loan option is really right for you.
You’ll also always be able to get more granular information about each loan through the online platform.
We’ve got the loan matching and applying process down to roughly 5 minutes with our AI technology.
Loanoptions.Ai is 50% faster in Version 3.0, and we’re committed to getting our technology to be faster and more efficient still. Compare financial products from over 75 Lenders and get personalised recommendations and one-on-one support—all straight from your phone or computer.
You’ll even be able to track your loan’s progress, like a pizza tracker!
Julian Fayad
12:37pmMay 30th, 2024
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Still have questions?
If you have any questions or enquiries,
visit our FAQ bunker or give us a call
Taking out a loan, even for a small amount, can be costly and may not resolve your financial issues.
Explore your alternatives before deciding to borrow.
For guidance on managing bills and debts, you can speak with a free and independent financial counsellor by calling 1800 007 007 from anywhere in Australia. Reach out to your electricity, gas, phone, or water provider to discuss possible payment plans. If you receive government benefits, check with Centrelink to see if you’re eligible for an advance: Phone: 13 17 94.
Visit the Government’s MoneySmart website for details on how small loans work and to explore other potential solutions.
This notice is required by the Australian Government under the National Consumer Credit Protection Act 2009.
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