Vehicle Loans
Whether you are buying a Car, Motorbike, Truck or Construction Machinery, Prime Loans Group can help you with the best rates in the market regardless of your situation.
Speak to an expert
Home Loans For Every Stage Of Your Property Journey
Explore flexible home loan options with competitive rates and guidance tailored to your goals and stage.
We work with the largest panel of lenders in the country
We negotiate better rates with more than 35 lenders for you.
How to get a Vehicle Loan in Australia
Time Needed: 5 days
4 easy steps to getting your car loan
01
Check your credit score
Credit rating is one of the main factors that determines your chances of being approved for the loan.
02
Get a pre-approval
One of the best ways to get your loan application started is to have a rough idea of your budget or the car your are looking for and whether it is a new or used vehicle.
This will ensure you can shop for your car, motorbike or truck with confidence knowing your purchase price.
03
Search and choose your vehicle
Once you have a pre-approval, you can now shop with peace of mind knowing the budget you have set for the loan.
04
Secure the full loan approval
After gaining pre-approval and making your mind up on the car you want, you’re ready to apply for the real deal.
You should make sure the vehicle you’ve chosen is qualified for the loan you’re applying for.
Access to 35+ Lenders
Personalised Broker Advice
Fast Approvals & Competitive Rates
Trusted by Clients Across Australia
Our clients choose Prime Loans because we simplify the loan process, provide honest advice, and deliver real results.
Frequently Asked Questions
How much of a deposit do I need?
Generally speaking, a lender will want you to have a minimum of 5% – 10% of the purchase price however you get savings by having a 20% deposit e.g. no lenders mortgage insurance charged.
Do I need a pre-approval?
Pre-approvals are not mandatory when it comes to buying a property although we recommend having one for our customers as they allow you to establish your financial position and no whether your your home purchase budget is feasible.
Can I still apply for a home loan if I'm expecting a child?
Your lender will assess you on your serviceability to ensure that repayments can be managed if you are looking to take maternity leave. Additionally, your expenses will likely change so this is taken into account during the assessment.
How long does it take for my loan to be approved?
Loans can be approved in a few weeks although there are a number of factors that may extend this time such as your availability to provide supporting documents and the number of requests currently with the lender.
Request A Callback
Need to talk to someone? We’re here to help!
