Why Using a Finance Broker is Smarter Than Going to the Bank

When it comes to getting a car loan, personal loan or business loan, many Australians still head straight to their bank. It’s familiar, it feels “safe” – but is it really the smartest option?

In short: not always.

Working with a finance broker like Sherlock Loans can save you time, money, and a whole lot of hassle. Whether you're financing a vehicle, consolidating debt, or making a major purchase, here's why more people are choosing brokers over banks.

🎯 1. Brokers Work for You — Not the Bank

When you go to a bank, they’ll offer you their own products — and only their own products. There’s no comparison, no competition, and not much flexibility if you don’t tick all their boxes.

At Sherlock Loans, we work for you — not a single lender. We have access to over 40 lenders across Australia, which means we can compare a wide range of rates, terms, and options to find the right fit for your financial situation.

Woman smiling at her phone

⏱️ 2. Save Time (and Headaches)

Applying for a loan directly with a bank can feel like a part-time job. Endless forms, credit checks, follow-ups, and slow responses — not exactly convenient.

A broker streamlines the entire process. We handle the paperwork, chase up approvals, and explain everything in plain English. Whether you’re after a car loan, a business loan or a personal loan, we make it easy to get moving, faster.

💰 3. Get Better Rates and More Choice

Banks typically offer a one-size-fits-all product — and their “standard” rates aren’t always the most competitive. Brokers, on the other hand, can negotiate with multiple lenders to help you secure better terms based on your unique needs.

With Sherlock Loans, you’ll get a tailored approach and access to exclusive rates that often aren’t available to the public.

🙌 4. Flexible Lending Options

Got a low credit score? Self-employed? New to the workforce? Banks often decline applicants who fall outside their standard lending criteria.

That’s where brokers shine. We know which lenders are more flexible, and we can package your application in a way that gives you the best shot at approval — without damaging your credit in the process.

🤝 5. Personalised, Ongoing Support

With a bank, once the loan is settled, that’s usually the end of the relationship. With Sherlock Loans, it’s just the beginning. We’re here for the long haul — whether you’re upgrading your car, refinancing an old loan, or planning your next big move.

We're not just here to get you approved — we’re here to help you grow.

Final Thoughts

Using a finance broker puts you in the driver’s seat — with expert guidance, more options, and less stress. Whether you're applying for a personal loan, a business loan, a car loan, or exploring other finance options, Sherlock Loans can help you make smarter decisions.

Need a loan? Let Sherlock Loans do the detective work.