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Rates from 6.24%

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Frequently Asked Questions

How do I apply for a car loan?

It’s Easy! Applications are usually taken over the phone and can be completed in as little as 10 minutes!

One of our friendly team will then email you a privacy and credit quote form for to you email, fax or post back to us, along with supporting documents such as bank statements and payslips.

To speak to one of our friendly team simply call us on or email

If your ready to apply now simply click to obtain a free no-obligation quote. At Approved Car Loans, we aim to make car finance this Easy!

Am I eligible for a car loan?

A finance lender looks at many factors when determining if you are eligible for a car loan. The factors considered are age, income, current assets and debts and credit score/previous credit history.

You must be over the age of 18 and have a current income source. If you are unsure if you are eligible you can run through an application with someone at Approved Car Loans and they will be able to advise if you are eligible and find you a loan product most suited to your circumstances.

What do I need to get finance?

Lenders generally require some supporting information in order to assess a loan application in the best possible light.

Supporting documents such as Proof of income (payslips, tax return, Centrelink statements) and depending on your situation lenders may also require 90 days banking transaction history ( bank statements).

If you are unsure of what to provide, simply call us on or . Your Approved Finance Consultant will be only too happy to assist.

How long does it take?

At Approved Car Loans, we want to make finance simple for our customers and upon receipt of supporting paperwork such as payslips, we can have you approved in as little as 5 minutes!

How much can I borrow with a car loan?

The amount you can borrow on a loan will depend on a range of factors such as your age, income and expenses, your assets, and current debts that you may have, and most importantly your credit history. Lenders will assess your ability to pay back previous/current loans and credit cards to determine your creditworthiness and how much they are willing to lend you.

If a lender is taking the car you are buying as security, the amount you can borrow will depend on the cost and the value of the car. When buying a new car, you may receive more from lenders than if you were to buy a used car. This is due to the value of the car and the reliability of the asset.

When assessing your application, Approved Car Loans will ensure that you do not finance an amount that you cannot afford to repay. We assess your application thoroughly to ensure you can comfortably afford this new commitment. It is important that you are aware of all costs involved in buying a car and to fit the amount you want to borrow around your lifestyle, not the other way around.

How do I repay the loan?

Repayments are usually setup via direct debit and extra repayments can in most cases be made with internet transfer/Bpay to reduce the interest.

Can I get a car loan with bad credit?

Having poor credit does not automatically rule you out for a car loan. Lenders look at many different factors when considering lending you money, your credit score being one of those.

If the rest of your profile is strong, such as your residential status, income and assets, a finance company may still lend you money. Here at Approved Car Loans, we look at your profile as a whole and do our best to find a lender that will approve your finance.

However, it is important to note, the approval may not be the same as someone who has good credit. You will not have access to the same amounts, interest rates or other conditions.

What is a pre-approved car loan?

A pre-approved car loan is when you apply for finance wanting to get approved for a specific amount before purchasing a new vehicle. The finance company agrees to give you a car loan and you are able to shop for cars knowing exactly how much you can afford.

This is a popular choice for many car buyers, as some people are not sure if they are eligible for a car loan and want to get approved before finding a car. This gives you the security of already being approved and having access to the funds, allowing you free-range to shop for cars. It also means you can enter the car buying process, knowing exactly how much you can afford.

Do you deal with car yards?

Yes we do! Approved Car Loans works together with a large number of accredited dealers. We can assist with finance from dealers thoughout Australia. To obtain a full list of "Approved" dealers – click .

At Approved Car Loans we can even help you find the perfect car!

To utilise our free car finding service, contact us and one of our Approved Car Brokers will be in touch in no time.

Why Approved Car Loans

Why ACL 1

Access to 40+ lenders

Now you have access to all of the lenders, from Prime, right through to in-house funding.

Why ACL 2

Lightning fast approvals

Same day approvals, giving you and your peace of mind.

Why ACL 3

Direct access to our credit team

Leverage our combined 141+ years in Finance Experience combined with 33+ years in Car Sales/Dealership experience.

Why ACL 4

We look at every single Application/Scenario

We don't prejudge and no situation is ever too complex or out of reach.

Why ACL 5

Instant live updates on deals

This ensures you are always up to date, on your loan application.

What our customers say

5.0 Google Reviews Rating

350+ Google Reviews Count

"Extremely helpful & super nice!"

Extremely helpful and super nice. Huge thank you to Tim and Jordan for their time and amazing work. 5 stars from me!


"Great service & honesty!"

Ben is the most professional & upfront broker I have ever dealt with. I HIGHLY recommend him if you're looking for great service & honesty while trying to find finance for a car!


"Definitely recommend this service!"

I had the pleasure of dealing with Rob. He was a massive help in making everything as easy as possible and always supplying extra information or helping me through the steps to complete my application. Definitely recommend this service.


"Highly recommend!"

Dealing with Rob was a pleasure, very professional & met all of my needs in a short matter of time! Highly recommend Approved Car Loans. Huge thanks to you Rob!


"Very helpful and professional!"

I dealt with Aaron from Approved Car Loans and he was fantastic! Very helpful and professional. I'll definitely be going through Aaron again in future!


"Remarkable service!"

Remarkable service, & very reliable both Tim & Jordan helped me with getting approved for the loan on my car. Thank you so much! What a great team!


"Very professional & very helpful!"

Can't go past Rob from Approved Car Loans for finance, very professional and very helpful. See for yourself, talk to him today. You won't be sorry!


"Can't recommend them enough!"

Jordan & his team have exceeded my expectations with looking for car finance, they have been incredibly helpful & fair. Can't recommend them enough, thank you so much guys!!


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