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Yamaha Motor Finance

Yamaha Motor Finance – also known as YMF – is a 100% owned subsidiary of Yamaha Motor Australia. Offering a range of finance options, YMF can be used to finance a variety of products purchased through approved Yamaha and YMF dealers.

Thinking of investing in a Yamaha? YMF could get you there. Whether it’s a motorbike or a scooter, an ATV or a golf car, YMF could provide the financing you need to make that investment.

Love the water? YMF doesn’t just offer financing for its products on land, it also offers loans on its marine products as well. From outboard motors and boats, to WaveRunners and other power products, Yamaha makes financing easy with YMF Loan.

YMF Loans

So, how does YMF Loan work? YMF Loan is a computer-based, automated program that is designed to offer a tailored finance solution to Yamaha customers.

Because it’s automated, YMF is an easy-to-use service that makes applying for a loan that much quicker. Simply provide a few details using the YMF Loan online application, including your driver’s licence details, where you live and where you work, and your annual income and commitments.

YMF Loan will carry out a credit check, assessing your details to provide you with a decision, usually within a matter of minutes.

If you are approved, all you need to do is visit your approved Yamaha or YMF dealer, who will be able to access your finance application and complete the deal.

Why choose YMF Loan?

If you’re interested in buying a Yamaha product from an approved dealer, YMF Loan could offer the hassle-free financing option that’s best for you.

Not only is it quick and easy to use, YMF Loan also prides itself on its customer service, so you know you’ll have the support you need as you progress through your loan term.

YMF Loan offers a selection of flexible repayment options, with loan terms ranging between two to five years. You can also choose to finance your insurance and your accessories, should you need to.

Comparing Car Loans

With YMF Loan, you could benefit from a customised financing solution for your new Yamaha investment. However, it’s always worthwhile comparing other options against what you are offered.

Here are a few factors you may want to consider when comparing your YMF Loan against other car loans on the market.

Fixed Rate vs. Variable Rate

A fixed rate loan has a fixed rate of interest over the life of the loan, whereas a variable rate loan attracts a variable rate according to the market.

With a fixed rate loan, budgeting can be much easier, as you will always know how much your repayments will be. You are protected against interest rate rises, but you will not benefit from interest rate decreases either.

Secured vs. Unsecured

With a secured loan, the loan is secured against an asset. With this type of loan, the asset is usually the item you are purchasing.

Providing the lender a higher degree of security, a secured loan can offer lower interest rates than an unsecured loan. This could help you to save money on interest over the life of the loan.

Calculating the Cost

Use a loan calculator to work out the overall cost of the loan, while choosing a repayment schedule that fits your budget. Be sure to take into account any establishment fees, ongoing fees and any other fees than may apply.

Flexibility and Features

Flexibility on a loan can vary greatly. Look for flexible repayment options, flexible payment alternatives, and the option to make extra repayments and redraw, if required.

Lenders can also offer a range of features to sweeten the deal. These can range from discounts on the lender’s other products and services, to the opportunity to earn frequent flyer points on the amount borrowed. If these kinds of extras are appealing, be sure to check out what’s on offer.

Service Finance

Assisting businesses with their financing needs, Service Finance provides loans for business vehicles and commercial equipment, offering the highest levels of customer support.

Service Finance provides businesses with a viable alternative to banks. Whether a business has a borrowing profile or requires funding for assets that fall outside bank lending rules, Service Finance specialises in providing an alternative solution.

Knowing that it can be only one or two minor factors that can prevent a business from being approved for finance by one of the big banks, Service Finance can look beyond those factors.

Service Finance acknowledges the fact that banks can often offer the lowest interest rates. However, it believes that although it may have marginally higher interest rates and fees on its loans, it offers exceptional value in the superior service and products it offers.

Buying Business Vehicles and Equipment

With an emphasis on keeping everything as simple as possible, Service Finance understands the time pressures and constraints on small businesses. That’s why, if you are a small business looking for vehicle or equipment finance, Service Finance makes the process as simple as possible.

Whether you need new equipment to grow your business, or you need to replace old equipment that no longer does the job that’s required of it, Service Finance can assist you with a time-savvy solution.

All you need to do is tell Service Finance what you need, and they will tell you what information they require. They will then handle the rest, so you can get on with the running of your business.

The same applies when buying commercial and capital equipment. To make the process of financing that equipment as simple as possible, Service Finance lets you handle the negotiations with the dealer, to then focus on getting the equipment delivered, commissioned and productive.

Meanwhile, Service Finance is there to handle the finance and all administrative requirements. And it’s not just the first time you deal with them. Service Finance is there every time you need them, acting as your trusted partner, to get the job done with minimal fuss.

Applying for Finance

If you’re interested in applying for finance from Service Finance, it’s easy to apply for a quick quote today. You will be asked to provide information regarding the application, and Service Finance can give you a quick quote to get the ball rolling.

From there, you can compare your financing options, keeping in mind fees and interest, to assess the overall affordability of each loan. But, while the overall cost and the affordability of the repayment schedule is always important, it’s worth taking into account other factors as well.

These factors may include the history of the lender, and what kind of reputation the lender offers. It may also include the level of customer support the lender offers. This is one area in which Service Finance seems to set itself apart.

Getting on in business can be tricky enough. Having partners on your side who make factors such as financing easier can be invaluable. As with anything in business, it’s all a balance. To find out if Service Finance offers a balance in your favour, apply for a quote today.

Money3

Money3 is a lender that specialises in offering car loans to those who may have trouble getting approved elsewhere. That means, even if you have been knocked back by other lenders, Money3 may still be able to offer the car financing you need, to get you on the road.

When borrowing money, it’s important to make sure the lender not only offers you a loan that works for you, but that you can trust that lender to provide the service and support you need as you repay your loan. So, who is Money3 exactly?

Money3 has been around since 2000, working as a responsible lender to assist people from different backgrounds to get the financing they need. Today, Money3 offers cash loans and car loans, with 55 branches located throughout Australia.

Interested? Even if you have poor credit history or you’ve had trouble getting approval elsewhere, Money3 could provide a solution that works for you. As a firm believer in the idea that everyone deserves a second chance, Money3 may be well worth a closer look.

Money3 car loans can provide financing for a range of vehicles

Money3 car loans can provide financing for a range of vehicles, whether that’s a car or SUV, a motorbike or a boat. You could borrow up to $35,000, depending on your circumstances, with fast approval letting you know whether or not you are approved for financing.

Are you employed?

If you are working full time, you may still find it difficult to get approved for a car loan. This may be the case if you have a bad credit history. But what does this mean?

Every interaction you have with credit is recorded on your credit file. This can include any credit applications you have made, whether that’s an application for a credit card or loan, a mobile phone contract or a mortgage.

Your credit file may also contain any information regarding defaults, any missed payments, and any bankruptcies you’ve experienced. If you’ve only had good dealings with credit, then your credit file will look pretty rosy.

However, if you have missed payments on your credit card, if you’ve defaulted on your loan, or if you’ve declared bankruptcy, your credit file may look far from appealing. Even if you’ve had credit applications rejected, or you have no credit history at all, this can be a red flag for some lenders.

Why? When a lender receives applications for credit, it will look at each applicant’s credit file to assess their creditworthiness. A good credit history may result in approval, while a bad credit history may result in rejection.

The lender may decide that the loan and the applicant are just too much of a risk. Which is where Money3 comes in.

Money3 will look at the employment status of the applicant, and may be able to approve the loan, even if the applicant has bad credit or defaults, or has been rejected by other lenders.

Are you receiving Centrelink benefits?

Even if you are unemployed, Money3 understands that you may still need a car to get around. If you are receiving Centrelink benefits (not including Newstart Allowance, Youth Allowance or Austudy), Money3 could provide the finance you need to buy that car.

If you have bad credit or have been rejected by other lenders, check out what Money3 has to offer, and you could get approved for a car loan today.

Tailored Car Loans

Money3 believes in offering customised solutions to your car financing needs. That means Money3 can tailor a loan to suit your requirements, discussing your options to find a repayment schedule and loan that works for you.

To apply, you’ll need 100 points of ID, bank statements from the past 90 days, or if you’re self-employed, you’ll need to provide six months of bank statements and your BAS or tax return.

When comparing car loans from Money3, be sure to use a car loan calculator to assess each loan option’s affordability. Think about whether a fixed rate or variable rate car loan is best for you, while looking at secured and unsecured options.

Always take fees into account, finding out how much you will pay in establishment fees, ongoing service fees and any other fees that may apply. And of course, only sign up for a car loan that you know you can afford to pay back.

BankSA

As with so many of Australia’s financial institutions, BankSA has a long and dignified history, starting out small, to follow a long and winding path to get where it is today.

Opening its doors in 1848, BankSA started life as The Savings Bank of South Australia, lodging deposits aggregating 172 pounds, six shillings on its first business day.

Today, under the Westpac umbrella, it has South Australia’s largest network of branches and ATMs, with one in four South Australians choosing to bank with BankSA.

As a financial services provider, BankSA offers everything from insurance and super, to bank accounts, credit cards and loans.

And what about car loans? If you’re looking to compare car loans, BankSA has some car financing options that you may want to look into. And no, don’t worry, you don’t need to be a resident of South Australia to apply.

Secured Personal Loans

If you choose to take out a car loan with BankSA, you will be applying for for a secured personal loan. What does this mean exactly?

A secured personal loan is a loan that is secured against some form of collateral. As this is a car loan, your loan will be secured against your car, so that your car is your collateral.

When a lender offers you money in the form of a loan, it needs to know that it has a good chance of getting that money back. Which is why most lenders carry out credit checks on potential borrowers.

Looking at each borrower’s credit history tells the lender how well the borrower is likely to deal with credit in the future. So, someone with good credit history is more likely to get approved for a loan than someone with bad credit history. A good credit history gives the lender a sense of security.

Another form of security for the lender, is of course, to offer the loan against some form of collateral. That way, if the borrower cannot repay the loan, the lender can take the collateral to make back some of its losses.

What does this mean for you? As the lender feels more secure in the loan, it can usually offer lower rates on its secured loans, compared to its unsecured loans. That can help you save money, as you should pay less in interest over the life of the loan.

Looking at Interest

Do you want a fixed rate car loan or a variable rate car loan? As BankSA offers both fixed rate and variable rate car loans, it pays to know a bit about each.

A fixed rate car loan will have a fixed rate of interest over the life of the loan. That means you will always know how much your repayment will be, making budgeting that much easier.

With a fixed rate of interest, you can also protect yourself against interest rate hikes in the future. But, it does mean that if interest rates fall, you won’t benefit from lower loan repayments.

On the other hand, a variable rate car loan has a variable rate of interest applied over the loan term. If interest rates fall, you could end up paying much less in interest on your loan, but if they rise, you could be paying significantly more.

BankSA’s variable rate car loan can be taken out over a period of one to seven years, while its fixed rate car loan is available over one to five years.

Deciding on the loan term can be made easier using a car loan calculator. Use the calculator to check out the various term options, to find a balance of affordable repayments, without paying too much interest over an overly long loan term.

Don’t forget fees

When working out the overall cost of a car loan, always take into account fees. Both the BankSA variable rate and fixed rate car loan feature an establishment fee and a monthly administration fee. Also check the fine print for any other fees that may apply.

Anything else?

Before applying, it’s important to compare all your options – and to read the small print in detail. With the BankSA car loan, you can borrow $3,000 to $80,000 to buy a new or used vehicle. But, bear in mind that the vehicle you buy must not be more than 12 years old when the loan expires.

Also, if you plan to purchase the vehicle in joint names, the car loan must be in joint names as well. That may not be the best news if one of the applicants happens to have poor credit history.

Lastly, features. Some car loans have some pretty nifty features. With the BankSA variable rate car loan, you have the flexibility to pay off the loan sooner (with fees that apply), plus there is a redraw feature available to you as well (again, with fees being applied).

Bank of Queensland

As one of Australia’s leading regional banks, Bank of Queensland prides itself on remaining one of the few of its kind that is not owned by the big banks.

Having been in business since 1874, Bank of Queensland has worked to build its reputation on customer relationships, to know exactly what its customers want – and what they don’t.

How does it do this? In its 200 branches across Australia, each Bank of Queensland branch has an Owner Manager. This means local people not only run each branch, they own them.

This allows BOQ to better understand its customers’ needs, so it can offer simple, easy-to-understand banking products that provide exactly what its customers are looking for.

While it may not be owned by a big bank, Bank of Queensland can still offer that same level of security as a big bank, as it faces the same regulations set out by the Australian Prudential Regulation Authority as an Authorised Deposit-taking Institution.

Bank of Queensland offers a wide range of banking products, with everything from credit cards and term deposits, to car loans and mortgages. But, is BOQ the right lender for you?

As a smaller bank, Bank of Queensland may be able to offer you lower interest rates on your car loan than a bigger bank. And with its strong customer focus, you may find it offers more personalised service than you would see elsewhere.

Time to check it out? Let’s take a look at Bank of Queensland car loans and what they have to offer.

Types of Bank of Queensland Car Loans on offer

Bank of Queensland offers car buyers two types of car loan to choose from. There is the fixed rate car loan, and the variable rate car loan, each offering something slightly different in the way of car finance. Which one is right for you?

Bank of Queensland Fixed Rate Car Loan

With a fixed rate car loan, the rate of interest that is applied to the loan is fixed. That means no matter what the market is doing, your loan repayments stay the same.

You may choose the BOQ fixed rate car loan as it can make budgeting easier. You will know exactly how much to set aside for your repayments each month, for the life of the loan.

You may also choose the BOQ fixed rate loan because you want to play it safe. Even if interest rates rise, you know that your repayments won’t rise with them. But, it’s worth pointing out that you won’t benefit from any drop in interest rates either.

Bank of Queensland Variable Rate Car Loan

On the other hand, a variable rate car loan features an interest rate that may change according to the market. If interest rates rise, so may your repayment amount. But, if interest rates drop, you could enjoy a lower repayment.

With the BOQ variable rate car loan, you can also enjoy a little more flexibility. With unlimited additional repayments, you could pay off your loan sooner, while paying less in interest overall.

Choosing your Loan

When comparing loans, it can be a good idea to use a car loan calculator to work out an affordable repayment schedule. This means thinking about the length of the loan, and how it will affect repayment amounts and the overall cost of the loan.

Bank of Queensland offers car loans over one to seven years, allowing you to choose the loan term that best works for your budget. And with a low minimum loan amount of $5,000, you can borrow only what you need.

Your repayment schedule is also something you’ll have to consider. Luckily, BOQ offers flexibility in its repayment schedule, so you can choose to make your repayments weekly, fortnightly or monthly.

Lastly, be sure to take into account any fees you may have to pay on the loan. Bank of Queensland charges an application fee on its car loans, as well as a monthly maintenance fee. Read the small print to find out more about fees that may apply, to work out how affordable your loan really is.

Bank of Melbourne

As a Victorian Bank, Bank of Melbourne only exists in Victoria. That means all of the bank’s branches and ATMs are located within Victoria, its staff are Victorian, and its main focus is, yep, you guessed it, Victoria.

But is it the right bank for you? If you happen to reside in Victoria, Bank of Melbourne may just be the bank for you. It offers a wide range of products, and it has extensive plans to expand within the state, while investing in the local economy over the coming years.

However, the bank also understands its customers may want to travel outside of Victoria now and again. Luckily, Bank of Melbourne sits with St.George and BankSA under the Westpac group’s far-reaching umbrella, working together as part of Australia’s largest regional banking network.

That means Bank of Melbourne customers can use St.George and BankSA ATMs when travelling inter-state, plus, they also have the peace of mind that comes with being linked with Australia’s first and oldest bank.

Bank of Melbourne offer car loans across Australia

So, what about car loans? When selecting a bank, it’s obviously important to choose one that has branches and ATMs nearby. When choosing a car loan provider, those kinds of priorities aren’t such a big deal.

While Bank of Melbourne may be a bank for Victorians, it is also a car loan provider for Australians – no matter where they happen to be in the country. So, no, you don’t have to live in Victoria to apply for a car loan with Bank of Melbourne.

Bank of Melbourne offers a secured personal loan for customers looking to buy a car, who need to borrow $3,000 to $80,000. Whether it’s a new or used car, whether it’s your first car or you’re looking to upgrade, you could get the car loan you need from Bank of Melbourne – depending on your circumstances, of course.

What kind of car loans are on offer?

First up, let’s talk about what it means to take out a secured car loan. In terms of security – or collateral – there are two types of loan.

A secured loan – like the one on offer from Bank of Melbourne – is secured against some form of collateral. With a car loan, the collateral is usually the car being purchased.

By taking some form of collateral, the lender can feel more ‘secure’ offering the loan. The lender know that if worst comes to worst and the loan is not paid, the collateral can be collected to make up for any losses.

With this security, the lender can offer lower interest rates than on an unsecured loan, which can make choosing a secured loan a more affordable option for car buyers.

On the other hand, an unsecured loan is not secured against any form of collateral. While some car buyers may feel safer choosing a loan not secured by their shiny new car, they may end up paying more in the long run with higher rates of interest.

Variable Rate vs. Fixed Rate

When deciding whether a car loan is affordable, an important factor to consider is whether a fixed rate or variable rate loan is better. Bank of Melbourne offers a variable rate car loan over a term ranging between one and seven years, and a fixed rate car loan over one to five years.

With a variable rate loan, the interest rate applied to the loan changes over time. The lender will raise and lower its variable rates in accordance with the market. That means the initial repayment amount may be very different to the repayment amount a few years down the line.

For the borrower, this can be beneficial – and also, not so beneficial. If interest rates fall, so do repayment amounts. However, if they increase, repayments will also increase. However, with a fixed rate loan, the interest rate is fixed for the life of the loan.

This allows the borrower to budget effectively, always knowing the exact repayment amount. It also protects the borrower should interest rates rise, but it can mean he loses out if they fall.

In terms of Bank of Melbourne loans, its variable rate car loan offers more flexibility than its fixed rate car loan. With the variable rate loan, borrowers can choose to pay off the loan sooner (with applicable fees), with a redraw facility available, should they need it.

What do you need to know about fees?

As with most car loans, Bank of Melbourne car loans have a variety of fees attached. If you take out a Bank of Melbourne car loan, whether variable or fixed, you will pay an establishment fee and a monthly administration fee.

When comparing loans and working out whether they are affordable, always take these fees into account. Also make sure to read the fine print to find out about any other fees that may apply, such as the prepayment fees or break costs that are associated with paying off a loan early.

Capital Finance

Unlike many banks and other financial institutions, Capital Finance is a finance specialist that deals specifically with finance deals. That means it is an expert in financing and loans, acting as a financier for individuals and businesses, as well as the government and multinational corporations.

Where banks may offer super and bank accounts, where credit unions may offer mortgages and credit cards, Capital Finance deals only in finance. So, if you’re looking to get a great deal on your car finance, Capital Finance may be just the provider you’re looking for.

Car Finance from Capital Finance

With a wide range of car finance options on offer from Capital Finance, it pays to know what’s available and what to look for. Let’s take a look at the various types of car finance available from Capital Finance – and who it works best for.

Capital Finance Personal Car Loans

While many buyers look to Capital Finance for car loans for their business, there is a selection of car loan options here for individuals as well. One option for individuals is the Capital Finance Personal Car Loan.

With this loan, Capital Finance offers fixed rates with flexible loan terms. This allows you to choose the length of loan that suits your budget, with the knowledge that your repayments will remain the same throughout the entire loan term.

It’s also worth bearing in mind that financing options are not just available for cars. Capital Finance also offers finance packages on a variety of other types of vehicles, including four-wheel-drives, minivans, caravans, motorbikes and boats.

Capital Finance Personal Secured Vehicle Loan

This is another option for buyers looking to invest in a vehicle for personal use, rather than business use. With this type of car loan, the loan is secured against the vehicle.

Usually, as the lender feels more secure in the loan, knowing that it has the vehicle as collateral, it tends to offer lower interest rates than on its unsecured loans. This can help borrowers save money on interest over the life of the loan.

Again, this type of loan features a fixed rate of interest over the entire loan term, with flexible loan terms to suit your needs. Approved customers can enjoy 100% finance, including on-road costs and other fees.

Capital Finance Business Car Loan

If you need car finance for your business, Capital Finance offers a great range of options, including chattel mortgages, term purchases, finance leases and rental/operating leases.

Whether you’re looking to buy one car or a fleet of cars, or even if you want to invest in other heavy commercial vehicles or equipment, Capital Finance may be able to help.

Not only does Capital Finance have partnerships with dealerships and commercial suppliers around Australia, it also offers flexible terms, and may even be able to match annual cash flow fluctuations and predictions to make repayments easier on your business.

Capital Finance Novated Lease

Looking to buy a car for work purposes? A novated lease could be for you. A novated lease is an agreement between you, your employer and your finance company, which in the case, would be Capital Finance.

With a novated lease, you agree on the car you want to buy, Capital Finance finances the purchase, and your employer makes the repayments on your behalf from your pre-tax salary.

If you happen to change employers before the end of the loan agreement, you can pass the arrangement on to your new employer.

Why would you choose a novated lease from Capital Finance? The loan term and loan amount is flexible, and with fixed repayments, you will always know how much your repayments will be.

There is also the added bonus that your employer takes care of the paperwork, so you don’t have to – plus, your repayments are taken from your pre-tax salary, so you pay less tax on the remaining salary.

Capital Finance as your Finance Provider

Before applying for finance with any lender, it makes sense to find out more about them – and what is expected of you. With Capital Finance, it’s worth bearing in mind that this is a lender that tends to only approve loans when vehicles are purchased from franchised dealerships.

That means financing for a car sold via auction, private sale or from a non-franchised dealership may not be as easily approved. Also, it’s worth noting that the purchased car usually has to be less than five years old for the financing to go ahead.

Lastly, Capital Finance will look at the age of the vehicle to calculate the interest rate on the loan, not the credit history of the buyer. Capital Finance will also look carefully at the buyer’s employment history, taking into account how long that person has been in the industry, rather than one particular job.

Both of these factors can work together to make it easier for some applicants to gain approval from Capital Finance where they may not get approved elsewhere, while also enjoying lower interest rates, depending on the car purchased.

Macquarie

While it may not be as well known as the Big Four in Australia, that doesn’t mean Macquarie doesn’t have plenty to offer. With an array of home loans and vehicle loans, bank accounts, credit cards and investments, Macquarie provides a diverse range of financial services within the global market.

Opening its doors in 1969, the Sydney-based operation then known as Hill Samuel Australia had just three members of staff, and an ambition to provide the highest standard of advisory and investment banking services across Australia.

Today, Macquarie operates in 27 countries around the world. It has won awards for value on its personal banking products, it has won hearts by not charging fees at ATMs throughout Australia, and it has won many a customer over with its focus on technology, offering smart banking tools and intuitive banking apps.

And its car loans? Macquarie sets itself apart from the competition by offering quality service and innovative financial solutions. When it comes to its car loans, that idea of service and solutions certainly shines through. Let’s take a look at what’s on offer.

Macquarie car loan finance options

First up, let’s cover the basics. With a Macquarie car loan, you could borrow $10,000 to $250,000, depending on your circumstances. If you’re looking to buy a car that is on the more expensive end of the scale, this loan could be for you – although you’ll need to be approved for that higher amount first, of course.

You can choose to repay the loan over a period of one to seven years, with flexible payment options that allow for repayments to be made weekly, fortnightly or monthly. It’s also worth bearing in mind that Macquarie allows you to finance your stamp duty, allowing you to avoid those upfront costs.

As for fees, yes, pretty much all car financing comes with fees. Taking out a car loan with Macquarie will mean you pay an establishment fee and a monthly service fee, so make sure you take that into account when comparing the cost of this loan against other options.

New Car or Used Car?

Macquarie offers a range of services depending on whether you are buying a new car or a used car. If you’re planning on buying new, you can take advantage of Macquarie Vehicle Select, Macquarie’s car buying service.

This provides you with the expertise and negotiating power of Macquarie’s team of car buying specialists, who can work with you to find, compare and buy your new car. This can save you time – and can often save you money, as they negotiate a better deal with the dealership.

If you’re buying used, Macquarie can offer you a secured car loan, with helpful guidance as you progress through the car buying process. Macquarie’s team again works to save you time, dealing with the seller, and requesting paperwork to reduce the chances of you taking home a lemon.

Is a secured loan right for you? With a secured loan, the lender can enjoy greater security with the car as collateral. This can allow the lender to offer lower interest rates on the loan, which can help you save money on interest over the life of the loan.

Talking of interest, how much interest will you be paying on your Macquarie car loan? When it comes to calculating interest, Macquarie takes on board a number of factors. So, when you apply with Macquarie, you will be provided a tailored quote, customised specifically to you.

Features and Benefits

When you are approved for financing with Macquarie, you may be able to take advantage of a number of benefits. For Qantas Frequent Flyers, perhaps the biggest advantage comes with the opportunity to earn 1 Qantas Point for every $1 financed, up to 100,000 points.

Macquarie also offers a range of convenient insurance options that can be financed under your loan. Plus, you can enjoy online account management using Macquarie’s YourLease.

Add to that the services of Macquarie Vehicle Select for new car sales, and the personalised service you can expect from quote to settlement, and you can see Macquarie really does have a lot to offer.

Liberty

As an award-winning provider of speciality finance, Liberty understands that the difference between ordinary and extraordinary comes from providing that little bit extra.

While it may not have the longest history in the business, Liberty has been around for more than 20 years. During that time, it has expanded to offer home loans and personal loans, car loans and business loans.

Offering flexible solutions to allow customers to find their perfect loan, Liberty has assisted more than 210,000 customers by advancing more than $19 billion in funds.

In doing so, it has picked up numerous industry awards and accolades, while providing its customers with innovative solutions and competitive prices, offering support and service, with greater choice and freedom.

Why choose Liberty for your car loan? If you’re looking for a flexible solution to your car financing needs, if you have had trouble fitting into other lenders’ borrowing categories, Liberty may just have what you need.

Liberty offers a range of car financing options

Liberty offers a range of car financing options, with car loans to suit many different types of driver. From Liberty Drive and Liberty Business, to Low-doc car loans and Out of the Box car loan solutions, Liberty’s car loan options are well worth a closer look.

Liberty Drive

Offering Liberty’s lowest car loan interest rate, Liberty Drive is the go-to car loan option for most types of driver. Applicants can borrow $5,000 to $100,000 over a period of two to seven years, with weekly, fortnightly and monthly repayment options available.

Balloon payments are also an option on this type of car loan, allowing you to pay a lump sum at the end of the loan, to keep repayments as affordable as possible.

Liberty also offers a Flexible Payment Arrangement on this car loan, allowing you to reduce your monthly repayments by up to two thirds when you want to use your money for other things.

Meanwhile, Insurance Shortfall Protection on this loan can protect you should your car be written off. If your car is written off, ISP will cover any balance on your car loan, leaving you with peace of mind – instead of a large payment to cover.

Liberty Drive can be a good option for young drivers looking to invest in their own car. Liberty can offer drivers under 23 loans of up to $35,000, depending on their circumstances.

Liberty Business

Unlike Liberty’s other car loan options, Liberty Business offers car financing for business use. Car buyers may choose this loan for its competitive fixed rate, its extra car loan protection, and its flexible payment options.

Similar to Liberty Drive, Liberty Business offers loans of $5,000 to $100,000, over two to seven years, with weekly, fortnightly or monthly repayments, and balloon payment options available.

Flexible Payment Arrangement and Insurance Shortfall Protection are also on offer, while other handy benefits such as car loan protection options, low-doc application and older vehicle financing can make this a very appealing option for business owners.

Low-doc Car Loans

With traditional car finance options, some car buyers can find it hard to get approval on a loan. This can be especially true for those who are self-employed. However, Liberty can offer an alternative with its low-doc car loans.

Open to finding alternative ways to verify applicants’ income, Liberty offers competitive car loans to self-employed car buyers, with loans from $5,000 to $80,000 available (according to circumstances).

Again, these loans are offered over a period of two to seven years, with balloon repayments and weekly, fortnightly and monthly repayment options available. Liberty’s Flexible Payment Arrangement and Insurance Shortfall Protection are also on the table.

Out of the Box Car Loans

Some car buyers just don’t match the requirements of traditional lenders, which can make it very difficult to get approved for a car loan. Offering an alternative solution for these types of car buyers, Liberty has its ‘Out of the Box’ car loans.

Whether you have a poor credit history or an irregular income, Liberty promises to look beyond your past, to focus on your current financial circumstances.

By thinking outside of the box, Liberty creates a customised finance solution for car buyers who may have trouble getting approved elsewhere.

These Out of the Box car loans are offered on older vehicles up to 20 years old, allowing car buyers to borrow $5,000 to $75,000 over a period of two to seven years. Balloon payments, flexible repayment schedules, Flexible Payment Arrangement and Insurance Shortfall Protection are again, in play.

Comparing Car Loans

When comparing car loans with Liberty – and with those from other lenders – be sure to use a car loan calculator to work out an affordable repayment schedule, while choosing the car loan with the best value. Be sure to take into account any establishment fees, ongoing fees and any other fees that may apply.

ANZ

As one of the Big Four, ANZ is a household name in Australia. It’s a name most Australians know well, so it offers customers a certain peace of mind when it comes to their financial matters.

But is ANZ the right choice for your car loan?

Sure, ANZ is one of Australia’s biggest banks, and with that size and status comes certain perks. There’s that peace of mind that many people look for when dealing with financial providers. There’s also the fact that as a bigger bank, it can offer a larger variety of products.

However, larger financial providers may also charge more for their products. A big bank may know it can rely on its customer base, so it can charge a bit more without its customers looking elsewhere.

When it comes to car loans, ANZ does have a lot to offer. As for the cost of those car loans, a car loan calculator should allow you to compare what ANZ car loans can offer, to find out whether they are cost effective for you.

Let’s take a look at the various car loans ANZ has on its books, so you can make an informed choice.

ANZ car loan finance options

ANZ has three car loan options for you to choose from. There is the ANZ Secured Car Loan, the ANZ Variable Rate Loan, and the ANZ Fixed Rate Loan. Time to check out the pros and cons of each type of loan.

ANZ Secured Car Loan

The ANZ Secured Car Loan can offer financing for cars and other vehicles, providing a fixed rate loan that is secured against the vehicle you buy. Why should you choose a secured loan over an unsecured loan?

With a secured loan, the lender knows that if the loan goes bad and the borrower fails to pay off the loan in its entirety, the vehicle is there as collateral. The lender is within its rights to sell off the vehicle to make back the money lost on the loan.

As the lender has this security, it can offer lower interest rates on the loan, which can help the borrower save money on interest paid back over the life of the loan. On the other hand, an unsecured loan may feature higher interest rates.

The ANZ Secured Car Loan also features a fixed rate of interest. This can protect the borrower against interest rate rises, and it can also make budgeting easier, as the repayments will remain the same through the life of the loan.

Another feature of this loan is the ability to make a lump sum final payment (also known as a balloon payment) at the end of the loan term. This can make repayments lower, on loans approved over one to five years.

ANZ Variable Rate Loan

As the name suggests, the ANZ Variable Rate Loan attracts a variable rate of interest. That means the rate of interest may go up or down over the life of the loan, according to the market.

If interest rates fall, the borrower may enjoy lower repayments, but if interest rates rise, repayments may rise with them. However, the ANZ Variable Rate Loan does offer a certain degree of flexibility.

First up, there are no early exit fees if the loan is paid off early. You can also increase your loan repayment amount, giving you access to a redraw facility should you need it. Plus, as it is an unsecured loan, you don’t have to use your purchased vehicle as security.

ANZ Fixed Rate Loan

For some, a fixed rate loan is preferable over a variable rate loan. Like the ANZ Secured Car Loan, the ANZ Fixed Rate Loan offers a fixed rate of interest over the life of the loan. That means no matter what the market does, repayments should stay the same.

This can make budgeting easier, as borrowers always know exactly what they are paying each month. However, unlike the ANZ Secured Car Loan, the ANZ Fixed Rate Loan is not secured against the vehicle purchased.

Comparing Fees

When comparing car loans, it’s not enough to simply look at the loan’s rate of interest. You also need to work out how much you will pay in fees. With the ANZ Variable Rate Loan and ANZ Fixed Rate Loan, there is loan approval fee, plus a monthly loan administration charge.

With the ANZ Secured Car Loan, there is an establishment fee and a monthly administration charge. The ANZ Fixed Rate Loan and the ANZ Secured Car Loan both attract fees if you pay off some or all of your loan early. Each of the loans attract a late payment fee.

Time to compare the options? Be sure to read the small print on each loan option, using a car loan calculator to work out loan costs – and to find a repayment schedule that works within your budget.

Commonwealth Bank

As one of the Big Four banks, Commonwealth Bank is a name many people rely on for all their banking needs. Offering everything from credit cards and car loans, to bank accounts and super, Commonwealth Bank is a one-stop shop for everything money.

But is it the right choice for your car loan? By choosing a big bank as your lender, you may take advantage of its larger range of products, while benefiting from the peace of mind that comes from dealing with a household name.

However, it is always a good idea to compare your options. While a big bank such as CommBank may offer certain security and a wider range of products and services, the price you pay for all that may be higher than if you were to go to a smaller lender.

Which is why you are here! At Car Loan World, you can check out all your options side-by-side, to find the car loan that best works for you. So, with that in mind, let’s a closer look at Commonwealth Bank, and what it has to offer in the way of car loans.

Commonwealth Bank Car Loans

One of the great things about bigger lenders such as CommBank is that they usually have a few options to choose from when dealing with products such as car loans. In fact, CommBank has three options for you, should you choose to finance your car with them.

Commonwealth Bank Secured Car Loan

First up, the Commonwealth Bank Secured Car Loan. With this car loan, you can pay weekly, fortnightly or monthly, with loan terms available over one to five years. There is no maximum loan amount, which allows you to borrow from $10,000, depending on your circumstances.

Fixed Rates

As a fixed rate loan, the Commonwealth Bank Secured Car Loan can make budgeting much easier, as you will always know how much your repayments will be for the life of the loan.

This can also provide the added peace of mind that if interest rates rise, repayments will still stay the same. However, it’s also worth noting that if interest rates fall, repayments on the loan will not benefit from any reduction.

Secured vs. Unsecured

As the name suggests, the Commonwealth Bank Secured Car Loan is a secured loan. That means it is secured against the vehicle you buy, so that your new car is used as collateral. Is that really such as good thing?

With the vehicle used as security, the lender can feel more secure in the loan. If the loan goes bad, the lender can sell off the vehicle to recoup its losses. This allows the lender to offer lower rates of interest on its secured loans, compared to its unsecured loans.

As long as you choose a car that you can afford to pay back, making sure to choose a loan that works within your budget, a secured car loan could be a great way to save money on interest over the life of the loan.

Extra Flexibility

If you want to make extra repayments on this car loan, you can. You can make extra payments totalling up to $1000 per year. Take note that these extra payments cannot be redrawn.

Anything else you should know? The Commonwealth Bank Secured Car Loan cannot be used to buy a car that’s more than five years old, and it cannot be used to buy a caravan, motor bike, commercial vehicle or truck.

It’s also not suitable for buying a car that has finance owing on it, and it cannot be used to refinance an existing loan. If that’s not for you, perhaps CommBank’s other loan options may be a better fit.

Commonwealth Bank Fixed Rate Personal Loan

The Commonwealth Bank Fixed Rate Personal Loan provides an alternative option for car buyers looking for financing. Similar to the Commonwealth Bank Secured Car Loan, this loan offers a fixed rate of interest, protecting you against interest rate rises, while making budgeting easier.

With this loan, you can borrow $4,000 to $50,000, with same day funding available. Again, similar to CommBank’s car loan, this loan allows you to pay up to $1000 in extra payments each year, again, without the ability to redraw.

Commonwealth Bank Variable Rate Personal Loan

Another option for car buyers is the Commonwealth Bank Variable Rate Personal Loan, offering loans of $4,000 to $50,000, with loans over one to seven years, and repayment schedules that are paid weekly, fortnightly or monthly.

You can make extra repayments on this loan without paying a fee, allowing you to pay down your loan faster to pay less in interest. Plus, you can choose to redraw your extra repayments, should you need to.

Comparing Loan Options

Finding the right car loan means looking for the repayment schedule that fits your budget, working out how affordable the loan will be, while thinking about how much you will pay back in interest.

However, it’s always a good idea to factor fees into that total cost, to make sure it’s still a good deal. With the Commonwealth Bank Secured Car Loan, Fixed Rate Personal Loan and Variable Rate Personal Loan you will pay an establishment fee plus a monthly loan service fee.

It’s also worth looking into any other fees that may apply, such as early repayment fees and redraw fees.

NAB

Having been around for more than 150 years, NAB knows a thing or two about money. Today, as of Australia’s largest banks, NAB has 35,000 people serving 10 million customers at more than 800 locations in Australia, New Zealand and around the world.

If you’re one of those 10 million customers and are looking to take out a car loan, you may have already considered NAB as your lender of choice. Even if you don’t bank with NAB, you may still consider its loans, as you know the name and understand the brand.

So, is NAB the lender for you?

There are plenty of good reasons to choose a big bank as your lender. There’s that lovely sense of security that comes from dealing with a brand you have known your entire life. There’s also a good chance that a big bank will have a few different loan options for you to choose from.

But, it’s also worth bearing in mind that the big banks usually only compete with each other. They may not compete with the little guys, because they just don’t need to. Which is why it’s always best to check out the options, do some sums and work out which lender offers the best option for you.

To see if that option is NAB, let’s take a look at what’s on offer in the way of NAB car loans.

NAB Car Loans

In terms of car loans, NAB offers two types of personal loans that can be used to buy your next vehicle. Whether it’s your first car, whether it’s an upgrade, or even if you’re adding to your garage as your family expands, NAB may have the car loan that can make that happen.

Fixed Rate vs. Variable Rate

The main difference between the two NAB car loans is the type of interest on offer. There is a fixed rate loan option and a variable rate loan option. What’s the difference exactly – and why would you choose one over the other?

With a fixed rate car loan, you will pay a fixed rate of interest over the life of the loan. This has two main advantages. First up, it makes budgeting easier. Your repayment will always be the same, so you will know exactly how much to budget for each month.

Second, there is the peace of mind that even if interest rates rise, your rate of interest will remain the same. However, on the flip-side, if interest rates fall, you will not see the benefit of lower repayments on your loan.

So, what about the other features on offer?

Quick Access to Money

Want your money fast? If you’re a NAB customer and apply in-store by 2pm, you could get the money on the loan the very same day. If you are approved, the money could be in your NAB account within two hours.

Customisable Options

With a NAB car loan, you could borrow $5,000 to $55,000, depending on your circumstances, with loan terms ranging from one to seven years. You can also choose to make your repayments weekly, fortnightly or monthly to suit your budget.

If you want to pay off your loan early, or pay lump sum repayments throughout the loan term, you can do that without facing any additional fees. And, if you have a variable rate loan, you can redraw on extra payments you’ve made at any time.

Conditional Approval

If you’ve not found exactly the right car, but you know you’re in the market to buy, you could choose to get conditional approval on a loan in advance.

With upfront conditional approval that lasts up to three months, you can snap up that perfect car when you find it, knowing that you have your car finance already in order. It may also allow you to negotiate a better deal, knowing that you have your finances sorted before you start talking numbers.

Taking Fees into Account

When it comes to car loans, the interest you pay isn’t the only factor you should be assessing. To find out the full cost of the loan, be sure to look at the fees you will pay as well.

With the NAB fixed rate and variable rate personal loans for a car, there is an application fee and a monthly loan service fee to be aware of. Also take note of the default fee, and try to avoid all unnecessary fees whenever possible.

Time to compare options? Check out NAB car loans against other lenders using Car Loan World, making use of a car loan calculator to find the best deal that works for you.

RACV

While it may have started out as a social club for motoring enthusiasts back in the early 1900s, RACV is so much more than that today.

Over the years, RACV has campaigned for road safety, while working within the community, developing to provide a number of essential services for drivers. Perhaps one of the best known of which is emergency roadside assistance.

Today, RACV has more than 2.1 million members, offering them services that range from insurance and financing, to investments and roadside assistance, while even giving them somewhere to holiday, at its RACV resorts across Australia.

Working as a mutual, RACV is run to benefit its members. Unlike an organisation that’s run to benefit shareholders, RACV can focus on its members first and foremost, providing them with excellent value and excellent products.

Why choose a mutual?

There are several reasons why you may want to choose a mutual. Without having to think of shareholders’ profits, a mutual can invest those profits back into the organisation. This can mean lower costs for members, with a closer emphasis on value and service.

If you’re thinking of applying for a car loan, you may find that a mutual can offer lower interest rates and lower fees. This could help you to save a significant amount of money over the life of the loan.

Many members of mutuals also point to the service they receive as a reason for choosing a mutual. Mutuals can also play a strong role in the community, giving back where other organisations perhaps do not.

Interested? Let’s take a look to see whether RACV is the mutual for you.

When applying for a car loan, one of the first things many applicants think of is the cost. That means thinking about how much the car loan will cost in repayments, as well as how much it will cost overall.

One of the most influential factors on the cost of the loan is the interest that’s applied to it. Like many mutuals, RACV offers a relatively low rate of interest on its fixed rate car loan. That allows car buyers to borrow from $15,000 at a fixed rate, over a period of one to seven years.

Is a fixed rate car loan a better option than a variable rate car loan? The type of car loan you apply for will depend on what you want to get out of the loan.

With a fixed rate car loan, you may find that the rate of interest applied to the loan is lower than that of a variable rate car loan. You can also benefit from the peace of mind that the interest rate on your car loan will remain the same through the life of the loan.

This can make budgeting much easier, as you will always know how much your repayments will be. It can also protect you from interest rate rises that can affect variable rate loans, but you also won’t benefit from lower repayments if interest rates happen to fall.

You may also find that variable rate loans offer slightly more flexibility than fixed rate loans – although this flexibility does depend on the lender. Some variable rate loans allow borrowers to make extra repayments, with a redraw facility available.

If that kind of flexibility is important, be sure to choose a loan that offers those features. However, keep an eye out for fees, thinking about how much money it will actually save you over the life of the loan.

Secured or Unsecured?

RACV offers a secured car loan, which means the vehicle you buy will be used as security against the loan. The can often be a more affordable option than an unsecured loan, as lenders tend to offer lower rates of interest on their secured loans.

Looking at Fees

While the rate of interest on your loan will greatly affect its overall cost, you should also take into account fees when comparing the loan’s affordability. Most lenders charge some kind of establishment fee, as a one-off fee that car buyers must pay when the loan is taken out.

RACV is no different, it has an application fee that you must pay on the loan. However, unlike many other lenders that charge a monthly service fee on their loans, RACV has no ongoing fees for car buyers to worry about.

Still, it’s always worth checking out the fine print to find out whether any other fees might apply, before signing on that dotted line.

Features and Benefits

If you are approved for an RACV car loan, you automatically become an RACV member. This can provide you with a range of member benefits, including savings on other RACV products, such as car insurance and roadside assistance.

If you are eligible for RACV’s Years of Membership Benefits, you may also benefit from lower interest repayments.

On top of that, RACV offers a best deal guarantee on its car loans. That means, if you are not completely satisfied with your car loan within 21 days of approval, you can repay the borrowed amount and RACV will cancel your loan without penalty.

Suncorp Bank

Suncorp Group seems to have financial services pretty much covered. Not only does it offer banking and superannuation products, it also provides general insurance, life insurance and a variety of loans.

What about car loans? Yep, Suncorp offers car loans within its array of financial products. But is a Suncorp car loan right for you? Let’s take a look at what Suncorp has to offer, to find out whether a Suncorp car loan is the best car financing option for you.

Suncorp Secured Car Loan

Suncorp has one car loan on its books, which happens to be the Suncorp Secured Car Loan. As the name suggests, this is a secured car loan, so the loan is secured against the car being purchased.

Why choose a secured car loan over an unsecured car loan? When it comes to loans, lenders like to feel secure. That’s why most lenders carry out a credit check before approving loan applications.

Another way a lender can gain a sense of security is with a secured loan. Using an asset as collateral, the lender knows that even if the loan goes bad and is not paid off, it can recoup its losses by selling the asset used as collateral.

With this lovely feeling of security, the lender will tend to offer lower interest rates on secured loans, which works to make car financing cheaper for car buyers.

Why choose a secured car loan then? It may be easier to be approved for (although the lender will still look at your circumstances on application), plus it can be a cheaper option than an unsecured car loan.

Fixed Rate or Variable Rate?

As well as being secured, the Suncorp Secured Car Loan also features a fixed rate. That means there is a fixed rate of interest for the life of the loan.

Why would this be beneficial to you? A fixed rate loan can make budgeting much easier. As you always know how much your repayment will be, you will know how much to put aside to cover it.

Unlike a variable rate car loan, which attracts a variable rate of interest, a fixed rate loan is not affected by changes in the market as the loan term progresses.

With a variable rate loan, repayments may decrease as interest rates fall – but they may also increase as interest rates rise. While you may not benefit from interest rate decreases with a fixed rate car loan, you can also rest easy knowing that your repayments won’t go up either.

Check for Fees

When comparing loans to find the best deal, it’s important to look at the fees you will have to pay. Like so many other car loans, with the Suncorp Secured Car Loan, you will pay an establishment fee, plus a monthly loan service fee.

Work out how much you will pay in fees – checking the small print for any other applicable fees as well – and add that to the total cost of the loan to ensure you are still getting the best possible deal.

Check for Features

Some car loan providers offer more flexibility on their loans than others. With the Suncorp Secured Car Loan, you can choose to have weekly, fortnightly or monthly repayments, with an option to pay off the loan over one to seven years.

The Suncorp Secured Car Loan also has a low minimum loan amount of $5,000, which can make it easier for car buyers looking for a smaller loan. Need to refinance your current car loan? As long as your car is less than five years old, Suncorp may be able to help you with that.

If you think you may want to make extra repayments on your loan, make sure the loan allows for this. The Suncorp Secured Car Loan allows you to make extra repayments at no extra charge, which could help to reduce the amount you pay back in interest over the life of the loan.

Be aware that if you choose to pay off the loan early, there may be fees that apply. If you pay this loan off within 12 months, and your loan term is longer than that, a fee of $300 will apply. If you’ve had the loan for more than 12 months, no early payout fees will be charged.

Westpac

It’s no secret Westpac prides itself on being Australia’s first and oldest bank. Established back in 1817 as the Bank of New South Wales, Westpac has seen two centuries in the finance industry – and it’s set to remain in that business for quite a few more years to come.

Within its consumer bank division, Westpac serves more than 9 million customers under the various banners of the Westpac Group, including, of course, Westpac, as well as St.George, BankSA, Bank of Melbourne and RAMS.

Its 9 million customers are offered a wide range of banking services, with everything from transaction accounts and credit cards, to mortgages and car loans on the table. Across Australia, customers have access to 1,429 branches, 3,850 ATMs, alongside a wealth of other banking essentials, such as call centre customer service and online banking.

Westpac car financing options

But what about car loans? As this is a site dedicated to car loans, it only makes sense we talk a little more about what Westpac has to offer in the way of car finance.

If you’re looking to buy a new or used car and need financing, Westpac may have just what you’re looking for. With the Westpac car loan, you could borrow between $10,000 and $100,000 at a fixed rate of interest.

The loan term can range between one and seven years, with an establishment fee and monthly service fee applicable. How do you know if that’s right for you? Using a car loan calculator can be a great way to find out whether a certain car loan is right for you, while working out how affordable it is.

Simply use the car loan calculator to work out how much you can afford to borrow overall, how long you need to repay the car loan, and how much your car loan repayments will be. You can also use this kind of calculator to compare loans and their interest rates to uncover the best option for you.

Fixed Rate Car Loans

So, we mentioned before that the Westpac car loan is a fixed rate car loan. What exactly is a fixed rate car loan and is it right for you? With a fixed rate car loan, you will pay a fixed rate of interest over the entire loan term.

That means, even if interest rates rise or fall during that period, your car loan repayments will remain the same. This can be great for budgeting, as you will always have peace of mind, knowing exactly what you are paying out each month.

Secured Car Loans

And as for the bank’s peace of mind – that comes with security. With the Westpac car loan, that security is your car. When you take out a Westpac car loan, your car is secured against the loan. So, if you default on the loan and get into trouble, Westpac may be within its rights to take your car in lieu of the money you owe.

Sound scary? It doesn’t have to be. A secured car loan can actually be more affordable than an unsecured car loan. Because the bank has its ‘peace of mind’, it will generally offer lower rates on its secured loans, compared to its unsecured loans.

Just be sure to only apply for a car loan you can afford to pay back, and consider income protection insurance if you want that extra sense of security.

Fees

Aside from the loan’s interest rate, you will also need to take into account fees when you are assessing a car loan’s affordability. As we said, the Westpac car loan has an establishment fee and a monthly service fee, with other fees that may also apply.

These may include prepayment fees, and various fees associated with declined direct debits, missed payments and so on. Before applying for any type of loan, look carefully at the applicable fees and add them to the total cost of the financing.

Options

When comparing car loans, it’s a good idea to look at the features available and the amount of flexibility offered. One handy feature of the Westpac car loan is the fact that you can choose the frequency of your repayments, whether that’s weekly, fortnightly or monthly.

In terms of flexibility, Westpac does allow you to make extra repayments on your car loan. This can let you pay off your loan faster, which allows you to save on interest. Just keep in mind that prepayment fee, if it applies.

As for accessibility, Westpac lets you manage your loan online – and you can also apply online. Whether your loan is approved – and how much you are approved for – will depend on your circumstances. So, be sure to read the fine print to ensure you qualify, and that you know exactly what you’re signing up for.