Car Loan Pre-Approval

No, although it can make the car-buying experience more streamlined. Pre-approval is a helpful step that allows us to gauge your reliability as a borrower while also giving you an idea of the kind of car you can comfortably afford.

• Be at least 19 years of age.
• Be employed on a permanent or casual basis.
• Have a consistent income going into your own bank account for the last 90 days.
• Be in control of your finances and be handling existing financial commitments comfortably.
• Be an Australian citizen or permanent resident with a fixed address.
• Have an active email address, phone number, and online banking account in your name that belongs to you.

We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:

• You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
• You are not comfortably repaying your existing financial obligations

In addition to qualifying for a car loan, we have specific requirements for eligible cars that we finance, which include:

• The vehicle cannot be older than 12 years at the time of your purchase
• The vehicle can be purchased from a licensed car dealer or a private seller
• The vehicle must be comprehensively insured and roadworthy

Get in touch with us if you have any questions about whether the car you want is likely to be eligible.

Being prepared before you start your application will ensure that it is fast and easy to complete.

The application form will ask you for personal information about yourself that you should know or have easy access to. In the application, the only supporting documents you will need to provide will be your bank statements. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you. You'll need to have your internet banking details handy.

Once your application is complete, our credit assessment team may ask for more information depending on the details you’ve provided, such as ID documents, payslips and loan statements. We've built our own custom technology that makes this simple and easy for you to provide online via our loan platform.

Read more about our security and privacy policy.

While our pre-approval period might last for seven days, we could give it to you on the same day²! It's easy once you apply, all we need are a few key documents.

Our same-day outcomes are not guaranteed to all applicants and are not available to applicants who apply outside of normal business hours.

Technically our pre-approval lasts for seven days, after which you'll need to contact us to renew it.

Thanks to our fast processing times, seven days could be enough for you to finish the paperwork on your new car, but if not, don't stress! We'll stay in touch with you the entire time during your pre-approval, and if you need extra time, we can easily extend it.

Technically yes. Pre-approval isn't a guarantee of loan approval. The approval is conditional, assuming you still meet the eligibility requirements when you come back to us.

The most likely reasons your loan could still be declined after conditional approval are:

• The car doesn't meet our criteria: you might have still picked a car that's outside our maximum loan amount, or it might be too old.
• Your circumstances have changed: major life events like losing a job, parts of your income, or even things like divorce or having a child can change your final loan assessment.

However, we keep in touch with you every day throughout your conditional approval, so if anything happens or you have questions, you can easily get in touch with us.

Some of the main things to avoid when applying for pre-approval include:

• Applying for too many car loans: try to keep your car loan applications down to one at a time.
• Providing false information: If we discover you've falsified information on your application (like your number of dependents or your current employment), we will likely reject your pre-approval.
• Having too many debts: having lots of other loans might not be a good look, especially if you're struggling to repay them.

Speak to one of our team members if you aren't sure about whether or not you should seek pre-approval.