Frequent asked questions and answers
It can take a few minutes to a few days to get approved for a car loan Australia, depending on what type of lender it is, the type of loan you’ve applied for and the type of drive you’re looking to buy.
While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
Getting a Drive loan is easy… that’s our promise to you, from finding the lending options to applying for the loan and helping you throughout the settlement process we are here to help you out, finding the right lender based on your credit profile and to negotiate best deal for you.
A soft inquiry or soft application is a method of discovering where you stand for getting a Loan without leaving an impression on your credit report. This is significant on the grounds that credit searches and applications can briefly bring down your credit ratings sometimes. Utilizing a soft inquiry is a method of finding a Loan you’ll be qualified for without hurting your credit ratings and increasing your chances of getting successful.
Use our Drive loan calculator to get an estimate of how much you can borrow. Exactly how much you borrow depends on your personal circumstances and credit rating. Our Team, can give you a free, no-obligation quote to help you weigh up your options.
Drive loan rates vary depending on how much you want to borrow, your personal circumstances, your credit score and the lender.
