Get Your Dream Loan— Faster, Easier, Safer

Owly’s intelligent matching algorithm pairs your loan amount, borrowing scenario, location, and preferred lender tier with an accredited Australian Credit Licence (ACL) broker. You are connected directly with an experienced specialist who understands your specific market, not a generic call center.

Yes, completely free. Under Australian law, licensed mortgage brokers are remunerated directly by lenders upon loan settlement. Under the National Consumer Credit Protection Act's Best Interests Duty (BID), brokers are legally obligated to act in your best interests—ensuring you receive the most competitive rate and structure suited to your situation.

Refinancing is recommended if your current interest rate is higher than prevailing market rates, your fixed-rate period is ending, or you want to consolidate higher-interest debts (like credit cards or personal loans). It’s also ideal for unlocking home equity for renovations or investments. A broker assesses 30+ lenders to ensure your net interest savings significantly outweigh any switching costs.

Typical refinancing costs include a discharge fee from your outgoing lender ($150–$350), government mortgage deregistration and registration fees ($120–$220), and potential settlement/application fees ($0–$395). Importantly, many Australian lenders provide refinancing cashbacks ($2,000–$4,000) that often cover these costs entirely while leaving surplus cash in your pocket.

While a 20% deposit avoids Lenders Mortgage Insurance (LMI), many Australian lenders approve home purchases with as little as a 5% to 10% deposit. Furthermore, eligible first-home buyers can access the Australian Federal Government’s Home Guarantee Scheme (HGS), allowing purchase with just a 5% deposit and zero LMI payable.

Pre-approval (conditional approval) confirms how much a lender is willing to lend you based on your verified income, assets, and liabilities, allowing you to confidently make offers or bid at auction. Formal approval (unconditional approval) occurs once you have a signed contract of sale and the lender completes a satisfactory property valuation.

Yes. Our network includes specialist self-employed and low-doc mortgage brokers who work with lenders accepting 1-year tax returns, BAS statements, accountant declarations, or bank statement verification if you don’t have standard PAYG payslips.

Yes. Our specialist brokers arrange secured and unsecured personal loans ($5,000 to $100,000+), new and used vehicle finance, EV green loans, and debt consolidation with flexible loan terms from 1 to 7 years at competitive fixed or variable interest rates.

No. Getting matched and exploring loan options through Owly performs an initial profile review that does NOT record an inquiry on your credit file. An official credit check is only recorded once you and your broker formally submit an application to a specific lender.

We partner with accredited commercial finance brokers offering commercial property purchase loans, working capital facilities, equipment and asset leasing, invoice discounting, and development funding from Australia’s leading banks and specialized non-bank commercial lenders.

Standard requirements typically include 1 to 2 years of company financial accounts, recent BAS statements, tax returns, and an overview of the business operations or commercial security. For asset and equipment loans under $150,000, fast-track low-doc approval is often available with minimal paperwork.

Your information is encrypted with bank-grade 256-bit TLS encryption in transit and AES-256 at rest in certified Australian data centers. We never sell your personal data to telemarketers or third parties. Only your assigned accredited broker accesses your application documents for loan assessment.

An offset account is a standard transaction account linked directly to your home loan. Every dollar in this account reduces the loan principal on which daily interest is calculated. For example, on a $600,000 mortgage at 6.00%, keeping $40,000 in your offset account means you only pay interest on $560,000, saving thousands of dollars annually and shaving years off your loan term.

Yes, debt consolidation refinancing is one of the most effective ways to lower monthly commitments. By rolling high-interest unsecured liabilities (such as credit cards with 18%–24% p.a. or personal loans with 12%–16% p.a.) into your mortgage at residential rates (~5.8%–6.4% p.a.), you can substantially decrease monthly cash outflows. Your broker ensures the loan structure avoids extending short-term debt over 30 years unnecessarily.

Most variable-rate car and personal loans through our lender panel allow unlimited extra repayments and early payout without any early exit fees. Fixed-rate loans may have small break fees, but your broker will present transparent comparisons before you sign so you know exactly which product gives you full flexibility.

Fast-track business loans and vehicle/equipment asset finance can be conditionally approved within 2 to 24 hours via automated bank-statement scoring. For larger commercial property transactions or syndicate facilities, approvals typically take 3 to 7 business days from document submission.