What Do I Need to Apply For Car Finance?
Wondering what you need to apply for car finance from Car-Loans.net.au?
Car Finance Application
Getting car finance at Car-Loans.net.au is a simple process thanks to our easy online application. Lenders will check your documentation and some other aspects before they can approve you for a loan. For example, they will check your credit history, your savings culture and also they will check your income status. If you are employed, you have to provide a number of details relating to your employment, similarly if you own your own business, you will need to illustrate your ability to repay the loan.
To help streamline the process with our finance brokers, you will be required to produce some documentation and important information that is used to determine the best type of loan and loan repayments that won’t overstretch you to ensure you have the ability to repay the loan offered. It is important that you provide all the documents.
So What Do I Need to Apply for Car Finance?
Here is some of the information you need to provide to get car finance. You can also complete our online application form here and you’ll be prompted for all the necessary documentation for your car finance application.
Proof of Income through Pay Slips and Financial Statements
First, you have to prove that you have an income that you can use to service (or repay) the car finance after getting the loan. This is done by producing a payslip if you are in employment. This is at least one months’ pay slip that provides information that you are earning income from your employer. The amount you are earning should show enough proof that you will be able to afford the repayments as determined with your Aussie Loans/Car-Loans.net.au Finance Broker.
Proof of Work Continuity and History
You also need a document showing how long you have been working. With Aussie Loan, you will qualify for a loan even if you have been working for just a month. However, you are required to show that you have a work history so as to prove that you can repay the loans comfortably.
This is important for businesses applicants where you have to show how much you are worthy to determine your eligibility for the car finance you are asking for. Therefore, you need to make sure that you have a good list of assets that can make you qualify for car finance. This is very much important because if the asset base is strong, then you will qualify for a loan quickly. You can decide to secure the car finance through one of the assets if it has a good value that can secure the car finance you are getting.
Getting car finance with Aussie Loans is easy and you don’t have to wait for long to get the car finance either! At Aussie Loans, we identify the most suitable lender based on your personal circumstances and can typically get car finance approval within 24 hours.
Car-Loans.net.au is proudly brought to you by Aussie Loans.
We take the stress and hassle out of securing a car loan. Speak to one of our friendly team today about finding car finance rates to suit your personal circumstances. We have access to more than 20 different lending products from major banks to financial institutions which means we can pinpoint the best loan based on your needs.