You have a question? We have the answer! We’ve been collecting the most commonly asked questions and our responses to them.
If your question isn’t there, then email us directly and we’ll get back to you.
We’re an alternative lender, here to help Australians find a brighter financial future. We try and find ways to help when banks won’t, and we’re way cheaper than a payday loan.
With a simple, 10-minute online application process, this could be your first step on the way to financial freedom.
At Gedda Money, we believe in assessing you based on your circumstances today, not what has happened in your past. We help you move forward, without judging you on the “black marks” on your credit report.
We do not base your application off your credit score, so whether you have a less than perfect credit rating, or are looking to consolidate any number of debts into one easy-to-manage loan, we aim to work with you to find the most suitable loan solution for you.
Gedda Money offers secure vehicle loans between $8,000 to $50,000.
Payday loans involve high interest rates that are designed to be a quick fix for a short-term solution. In comparison, Gedda Money offers a real alternative to high-cost, short-term loans. We want to help you consolidate your debt, and to help solve the larger problems you’re dealing with.
Gedda Money may also help you to improve your credit score, save on interest and pay off your loans sooner.
Well, we’re not your everyday lender. We actually care about rewarding good repayment history and want to help our customers on their path to financial freedom.
Unlike banks, we do not base your application off your credit score, so whether you have a less than perfect credit rating, or are looking to consolidate any number of debts into one easy-to-manage loan, we aim to work with you to find the most suitable loan solution for you.
No. You can choose a vehicle that suits your budget and loan amount. The type of car is your choice, not ours.
Yes, you can purchase a motorbike. However, it must be registered with your respective state motoring department.
You sure can. So long as your purchase fits within the parameters of your loan amount and it holds a current registration.
Unfortunately, you have technically purchased the vehicle, as the funds have been disbursed to the seller. You are responsible for the finance on it now. However, if within 20 business days, you can negotiate out of your contract with the seller and have the full amount of funds returned to us, we may close the loan off.
It’s best to talk with us as soon as possible when something like this happens.
No. Not at Gedda Money. Your application is between you and us. We will only let the credit houses know about your application in the final stage prior to the loan being approved. This ensures that your credit score is not affected simply for applying for a loan.
We’d recommend to talk to our advisors as they will work closely with you to ensure your loan is affordable. We look at your application thoroughly and tailor a simple loan that suits your financial circumstances.
We provide vehicle loans range between $8,000 and $50,000.
Again, we’ll need to look into your situation in more detail to let you know all of the things we’ll need. At a minimum we’ll ask for:
Once we have received all the required information and documents, you will receive a call from one of our loan consultants. Generally a decision can be made on your application within 48 hours.
We’ll need to look into your situation in greater detail to provide an answer to this question.
First off though, you must meet the following criteria as a minimum:
No, unfortunately, not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged we may be able to assist you.
Yes, if you have been discharged from Bankruptcy we are able to assist you. In this circumstance, your recent repayment history is more heavily weighted as part of the process of assessing your loan.
We will provide the loan amount directly to the seller of the vehicle.
Unfortunately, no. We will transfer the funds to the dealer directly or if it is a private sale, we will obtain the bank account details of the seller and transfer the funds directly into their account.
We make this as simple as possible for you. As part of your loan establishment, we set-up a direct debit from your bank account automatically on your pay day. By matching your repayments to the timing of your income, we make it easy for you to plan and budget.
Don’t be shy about it, sometimes it happens. But it’s important that you get in contact with us as soon as you know you will be missing a payment. The more time you give us, the more we can work with you about a resolution.
We understand that sometimes things happen that are outside of your control. If you give us a call to notify us that you’ll be missing a payment, and make up the payment, we will waive your dishonour fee. However, if we need to call you to request the payment, the dishonour fee will apply. So a 5-min call may save you money.
Yes, of course. The quicker you pay your loan down, the more financial freedom you get. We don’t mind at all and we will not charge you for making additional repayments. To close your loan off, we will charge a one-off $50 administration charge.
Unfortunately no. We do not allow you to withdraw any funds back off your loan, even if you have made additional repayments.
Fill in the form below and we’ll put you in touch with your partnership manager. If you’d prefer to speak to someone directly, call us on 1300 080 825.
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