Fox Symes is a specialist lender dealing with borrowers, both individuals and businesses, currently experiencing bad credit or who can not meet their current debt obligations. If you're struggling to repay your existing debts, whether it's credit cards, home loans, personal loans or something else, then you may want to consider looking at Fox Symes to help you make sense of your financial mess.
Speak to an expert at Fox Symes and get help with your debt
Rates last updated January 28th, 2020
Can I benefit from Fox Symes?
- Are you in arrears with their existing home loan?
- Do you have an irregular income?
- Can you not manage your debts?
- Do you battle with an adverse credit history?
If you answered yes to any of the above questions then Fox Symes might be able to assist you with your financial situation.
It's important to note that Fox Symes is not your typical lender, so it's important to read the terms and conditions before you commit to anything. Don't be afraid to ask the staff there to explain every detail of your contract and what debt agreements you may be getting into in order to be eligible for one of their products.
A subsidiary of FSA Group Limited, Fox Symes is listed on the Australian Securities Exchange as a public company. FSA Group Limited is one of Australia's largest debt solutions organisation.
What mortgage refinance options do I have?
If you need financial assistance then the best option is to contact Fox Symes using the "Enquire" button above for more information. Generally speaking, Fox Symes can assist you with expert advice on your personal circumstances. If you think you can benefit from a free mortgage assessment to see how you can save money by refinancing your existing loan then the team at Fox Symes can take care of that.
When you apply for refinancing you basically apply for a new loan you then use the new loan to pay off your old one. The idea is to use a lower rate loan to refinance with so you can save on high interest rate costs.
This could be a great way to consolidate your existing debts because you can move any outstanding debt you have into the consolidated loan. Instead of having to pay higher interest on your credit card debts, personal debts and home loan you can pay one low interest, and one monthly repayment.
Refinancing allows you to:
- Minimise the amount you owe
- Have one convenient loan to take care off monthly
- Pay less in interest
- Pay off your home loan much faster than if you were to keep your existing debts
Sally and John are a typical Australian couple
Five years ago they bought their own home. But they didn't start out debt free; they had various loans from the past including a personal loan, a car loan, and three credit card debts.
As you can imagine the couple was pretty frustrated about the increased repayments and the consistent worry about finding the money to pay off their debts. They were about to fall into a bottomless pit of debt that got bigger every month.
A snapshot of their loan accounts revealed the following:
| Loan Account | Balance | Minimum Monthly Repayment |
| Home Loan | $425,000 | $2,550 |
| Mortgage Vehicle Loan | $16,500 | $300 |
| Personal Loan | $8,500 | $500 |
| 3 Credit Cards | $40,000 | $1,200 |
| Total | $490,000 | $4,550 |
Their minimum monthly repayments at the time were $4,550.
After getting a refinancing assessment from Fox Symes Sally and John took out a new home loan for $490,000. This allowed them to consolidate all their existing debt into the new loan.
On top of this they now only have to pay one monthly repayment AND they are saving a whopping $1,300 per month.
Want to speak to Fox Symes about your options?
If you would like to find out more information or discuss your eligibility with Fox Symes, please click on the 'Enquire' button to request a call back from one of their consultants.
You'll need to be an Australian resident to be eligible for any loans offered by Fox Symes and will be asked to provide a few details, such as:
- Type of debt
- Name and contact details
- Best time to call
Back to topFeatures available with a home loan with Fox Symes.
| Maximum loan amount |
Up to (depending on your loan and financial situation) |
| Loan-to-Value Ratio (LVR) |
LVR |
| Split loan facility |
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| Ongoing fees |
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| Loan portability |
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| Repayment flexibility* |
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| Extra repayments |
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| Re-draw extra funds** |
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| 100% offset account |
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| Online account access |
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*You can pay your repayments weekly, fortnightly or monthly.
**You can re-draw all excess monies paid (the money you paid on top of your scheduled repayments).
Good morning,
I currently have a contract with Fox Symes. My contract is due to be paid off in full in 2016.
I have a question in relation to a motor vehicle I am struggling to get my head around.
My vehicle is currently salary sacrifice at the moment and i am wanting to sell. My pay out figure for the vehicle is $10,000.
The vehicle is also worth $10,000.
My question is, if I get rid of the vehicle is there any chance in the meantime I am able to obtain a $5,000 loan for another motor vehicle?
Regards
Hi Stephanie,
Thanks for your question.
Your chances of obtaining a car loan will depend on your financial and personal situation. This will also depend on the contract that you currently have with Fox Symes.
To get a standard car loan, you typically need a good credit history and be in full time employment. If you would like to discuss your eligibility or options, please get in touch with a lender featured on this page.
All the best,
Shirley
I have just finished paying a bad debt consolidation, I’m thinking about trying to get a loan to buy some land, I’m not sure if this is possible ….could you please give me some advise…thank you…leanne
Hi Leanne,
Thanks for your question.
A good place to start is to check your credit file to see where you currently stand. If you have a good credit standing this opens up a lot of your options.
However, if you find that your credit is still in a bad standing you may want to approach a lender that specialises in these type of loans. On our panel of lenders we have Pepper and Fox Symes who may be able to assist.
You may also want to speak to a certified mortgage specialist, they’re home loan experts who can help you find the right loan for your situation.
Cheers,
Shirley
can you get a mortgage if you have been in bankruptcy
Hi Kim,
thanks for the question.
People who have been bankrupt in the past can definitely get home loans, but it will depend whether they’re still considered a ‘discharged’ bankrupt or not. Usually from when you become bankrupt to when you are no longer considered a discharged bankrupt is five years. During this time it’s extremely difficult to obtain finance, so you may want to wait until after this discharged bankrupt entry is removed from your credit file. I’d recommend obtaining a copy of your credit file to find out if this will be a limiting factor when applying for a home loan.
I hope this helps,
Marc.
Is it possible to consolidate all my loans under you. this includes my home loan of 142000/my car loan of 12000/ and a bike loan of 12000. my house has been revalued at 179000 my average yearly wage is 63000
Hi Matthew,
Thanks for your question.
Finder.com.au is a comparison service, unfortunately we don’t handle the applications ourselves and so cannot comment this. Please enquire with Fox Symes directly.
Cheers,
Shirley
Credit Part 9 with you guys before but now I would like to obtain a home loan ($550,000) house and land package), paid off to Fox Symes, combined income with partners, thanks.
Hello T,
thanks for the question.
We’re a comparison service, meaning we don’t manage any of these products on Fox Symes’ behalf. You might wish to contact Fox Symes directly regarding a new home loan. You can do this by clicking the ‘enquire’ button in the table above to request a call back, or by calling them directly.
I hope this helps,
Marc.
how much deposit would i need on $270,000?
Hello lacey,
thanks for the question.
This will depend on the specific loan. Most loans will limit the amount you can borrow to 80% of the property value, or up to 90% if you’re prepared to pay lender’s mortgage insurance. For a purchase price of $270,000 and 80% limit would mean you’d need a deposit of $54,000.
I hope this helps,
Marc.
We are self-employed. We cannot produce high income tax assessment. Can we apply re-finance?
Hi Mine,
Thanks for your comment.
finder.com.au is an online comparison service so we’re not affiliated with Fox Symes, it may be best to enquire directly.
Hope this helps,
Shirley