FAQs

You need to be 18 years of age and an Australian resident for tax purposes. Businesses, trusts and company account holders cannot open an account with us yet, only individuals, owner occupiers and investors can apply. We also don't currently lend against vacant blocks of land.

Yes, we charge a small fee, which changes depending on the amount you are borrowing. Simply use our calculator on the application form to see the associated fee. This can be accessed by clicking 'Apply Now' with no obligation.

Our terms are designed to remove stress, not add to it. While it’s every homeowners’ dream to sell fast, the reality is it doesn’t always work that way. In fact, most campaigns will see you going past the 60 or 90 day mark. We offer terms from 120 days for our standard vendor loans, with the ability to extend to 18 months for an additional fee if you need more time to sell. For our DepositUnlock product, we offer terms of 42 or 60 days, with the ability to extend up to 18 months for an additional fee.

The Possibl Standard Variable Rate is currently 17.99%

You’ll need one form of identification, either Australian Driver’s License or Australian Passport, your agent’s contact details along with a signed agency agreement, proof of deposit (where applicable), your property address and your conveyancers’ contact details. To help verify the property sale, your agent and/or conveyancer details will receive an automated system message asking them to confirm the property is being sold. We also require borrowers to have a minimum credit score of 500 (based on reporting from Illion) and conduct responsible lending checks.

We are a proudly-owned Australian company, headquartered in Sydney and operating across the country. We have made a commitment to be a regulated entity. Why? Because we believe in making sure we are always looking after our customers.

Get in touch via our contact page at www.possibl.com.au/contact, call us on 1800 30 42 10 or email us at hello@possibl.com.au.