CAR FINANCE
We work harder to say Yes more often
We say yes more often
Owning a vehicle in Australia is often a necessity, whether you’re a family needing a spacious SUV, a single person looking for a hot hatchback, or a business owner requiring a fleet of tough pickups. However, affording one outright can be challenging. That’s where Yes Loans comes in to help you secure a car loan tailored to your needs.
Why Choose Yes Loans?
At Yes Loans, we understand the importance of having a reliable, affordable, and comfortable vehicle for your personal, family, or business use. We specialise in offering competitive secured loans for both new and used vehicles.
Competitive Car Loan Rates in Perth
As a finance broker, we are committed to matching you with the best automotive finance offers at low-interest rates. Your dedicated Yes Loans broker will work closely with you to understand your specific needs and budget. We consider all expenses associated with buying a new or used car, including petrol, maintenance, licensing, and insurance cover, to determine your optimal budget and expenditure.
Personal vs. Business Car Loans
Personal Car Loans
- Low-interest options for new and used cars.
- Quick response to applications, typically within 24 hours.
- Flexible finance options to help you get into the car you want sooner.
- Easy-to-use online application form.
Business Car Loans
- Finance through your business entity.
- Keep your bottom line down with all car finance costs attributed to the business.
- Simplified finance application process.
Additional Services from Yes Loans
We go beyond just providing car loans. Our comprehensive car-buying services are designed to enhance your entire buying experience:
1
Car Buyers Guide: Tips on how to find and buy your next car.
2
Loan Calculator: Estimate your possible repayment terms.
3
Car Insurance: Information on competitive car insurance premiums.
4
Car Finance Options: Explore consumer loans, chattel mortgages, and more.
5
Free Services: Ask about our Car Finder service for commercial car loans.
HOW TO APPLY
1
Complete the application in minutes.
2
You should hear from one of our consultants shortly afterwards who will run through additional information and documentation that you will need.
3
Once your application is complete and subject to credit criteria, we will strive to get the most competitive finance deal for you.
4
Based on lender assessment, approval can usually be provided within 1 business day!
Frequently Asked Personal Loan Questions
How much can I borrow?
It all depends on your income, the reason for the loan, expenses, and the amount you can comfortably repay. The maximum unsecured personal loan is $60,000 and the minimum is $5,000.
Our business loans start from $5,000.
How old must I be to apply for a loan?
You must be at least 18 years old to apply for a loan from Yes Loans.
Can I get pre-approval on a loan application?
Yes, if you receive pre-approval on your loan it is valid for 30 days.
Are the loans fixed or variable interest rate loan?
Our interest rate is fixed for the term of your loan, this means you will not see any interest rate rises.
Does Yes Loans have access to unsecured loans?
Yes, at Yes Loans we have a number of financiers that will lend on an unsecured basis.
Can I make extra payments or repay my loan early?
Absolutely. In most cases, there are no extra charges for making additional payments or lump sum deposits into your loan. However, we always recommend reading your credit contract first, as early repayment terms are subject to the lenders conditions.
I’ve been declined elsewhere, should I try applying with you?
Yes! We strive to say yes more often. Our team is specially trained and on hand to assist you in getting access to the funds you need. Get in touch with us today and find out how we can help you.
What is a credit rating?
Banks and other financiers will use a credit score to help determine whether they will lend you money. Your credit score is partly determined by your stability (how long you have been at your address and employment). Defaults, court writs and summons also have a negative impact on your rating. The number of enquiries you make will also impact your credit score. The more enquiries over 12 month period can lower your score.
Do I need to provide security or a guarantor?
Security and guarantors may be required for some loans, in the event that you default on the loan, the goods secured can be sold (secured loan) or the guarantor asked to pay it off (guarantor loan). For guarantor loans, we recommend the guarantor obtains prior independent legal advice to make sure they are aware of their rights and obligations.
Can I obtain a loan for vehicles for business or commercial use?
Yes! You can apply for a vehicle loan if it is for business or commercial use. You can even apply for a low doc business loan.
Can Yes Loans finance private sale vehicles?
Yes, and as part of our service to you, we will check to see if the car has been written off, stolen, or has money owing on it. All this at no charge to you.
Can Yes Loans help me get finance or a car loan if I have had credit problems in the past?
Yes, subject to meeting lending criteria. At Yes Loans, we are experienced at helping people with previous bad credit.
Does Yes Loans provide loans to self-employed or contractors?
Yes, we have low doc loans available to self-employed and contractors that have an ABN number.
What is a commercial loan?
A commercial loan is an arrangement between your business and a financial institution that is used to fund goods, plant, equipment or vehicles used for commercial purposes. We regularly provide finance solutions for:
- General equipment
- Company cars or commercial vehicles
- Cash flow
- Shop fittings or new technology
- Loan refinancing
- Debt repayment
- Trucks
Do I have to insure my car?
Yes. It is a mandatory requirement to keep your vehicle comprehensively insured for the full period of the finance agreement. When you finance your car with Yes Loans, we’ll take the time to offer you competitive rates. What’s more, we ensure that your cover is comprehensive. Alternatively, you can shop around for car insurance from your insurance company.
What kind of insurance do you offer?
Yes Loans offers insurance for sickness and accidents, your car, gap or shortfall insurance, warranties and loan protection. Our team is always on hand to explain our insurance in detail. Get in touch with them today for more.
What is an ‘excess’?
An excess is an agreed amount of money that you are liable to pay in the event of a car insurance claim being settled.
How do I know how much my repayments will be?
Use Yes Loans’ simple, efficient Loan Calculator to work out what your repayment options could be, based on loan approval. Remember the calculator is a guide only. It’s as easy as one, two, three!
Our current lowest rate is 7%^
Loans can be arranged for a minimum and maximum repayment period between 2-7 years.
Example of a typical unsecured consumer fixed rate loan
$20,000 (includes a $990.00 origination fee) loan at an interest rate of 10.99% p.a. (10.99% p.a. comparison rate*) over 5 years.
Repayments are $434.75 per month over 60 months ($100.33 per week).
Total repayment over 5 years: 60 x $434.75 = $26,085.
The interest rate is indicative only and may vary according to the lenders assessment.
^Now Finance Personal Loan rate. For approved applicants only.
*The comparison rate of 10.99% p.a. is based on an unsecured consumer fixed rate loan of $20,000 over a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The National Consumer Credit Protection Act 2009 (NCCPA) requires that all lenders that publish interest rates for a product also publish the comparison rate. The comparison rate aims to inform the consumer of the true cost of a loan and is designed to make it easier to compare the different credit products available in the market. A comparison rate does not include all fees and costs, eg Government fees and charges and will not include other factors that may make the loan more attractive, eg flexible loan arrangements..
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