What Documents Do I Need for a Loan?
You’ve found your dream car and it’s exactly what you want. Cool sound system, air con, the right colour, and most importantly, it fits your budget. But you will need car financing to buy it, and it all seems a bit daunting. Don’t let it be. At Yes Loans, we will guide you through the entire process, explaining everything in simple terms, and making what can seem like a complicated process, simple and as stress-free as possible.
As it turns out, it’s not that big of a deal to get financing for your vehicle. You just need a little guidance. We’ll explain exactly what documents are required to get your car loan and the dream car you’ve been drooling over for way too long.
What documents do you require?
To start the Pre-Approval process, which you can do here, all we require you to supply is your current drivers licence number and the state or country in which it was issued.
To proceed with the application process however, you will need to supply us with further identification including;
One form of primary photographic identification
• This includes a passport, current drivers licence, photographic proof of age card
One form of non-photographic identification
• This includes a Birth Certificate, Citizenship Certificate
One form of secondary identification
• This includes a recent utility/rates bill, or an Australian Tax Office assessment notice
Proof of income
• Your three most recent payslips, or a letter of employment
• If you are self-employed, your most recent tax return or financial statements
We will also require details of your fixed and variable expenses (eg. rent or mortgage) together with any other assets, investments or savings you have You may also be required to submit bank statements.
Yes Loans will advise you if you need to provide additional documentation to support your application for a car loan, which will depend on lenders requirements. You can apply for pre-approval online here. One of our experienced financial consultants will be in touch shortly to discuss your application.
Still looking for further information? Here’s 7 points to help you on your way with Yes Loans.
You can pay back your loan over a period ranging from one to seven years subject to meeting credit approval criteria.
Fixed Interest rate
At Yes Loans, we offer a fixed interest rate so you know you will be paying the same amount during your entire repayment term.
Contact us and let us provide you with an obligation-free quote. We have access to a panel of lenders and have a well-trained team of finance consultants. We know where to find the great deals, and negotiate with lenders on your behalf. We are committed to finding the right deal for you.
You may not need a deposit
Depending on the lenders criteria, you may not need a deposit which means you may be able to secure 100% financing for your vehicle.
Find out what it will cost you
Use our loan repayment calculator to work exactly how much you will need to pay a month or fortnight. Make sure this is well within your budget, don’t overstretch yourself.
Why bother waiting in queues? If you have all the necessary documentation you can apply online, right here, it’s that easy.
Get pre-approval for your car loan
Do you have a budget in mind but haven’t found the right car yet? Apply for pre-approval now. With pre-approval, the moment you find the right car you are good to go! Please remember that any pre-approved loan is only valid for 30 days.
There you have it. From the comfort of your lounge or office you have just applied for car financing. Easy to do, no waiting in line, you’re almost ready to drive off in your new wheels.
When you deal with professionals, the complicated becomes simple and obstacles are replaced by solutions. Contact our experienced loan consultants and apply today for yours.