Do I need to provide additional security for a car loan?
Usually the motor vehicle being financed is sufficient security.

What financial information do I need to provide to a lender?
You will be required to verify your income, monthly commitments, assets and liabilities and previous credit history.

Is it worthwhile getting loan insurance?
Life is full of uncertainties. An accident could reduce your income and jeopardise your ability to make repayments. Loan insurance offers peace of mind. Some lenders can arrange car loan insurance.

I've heard the term Leasing/Chattel Mortgage and Commercial Hire Purcahse. What are they and what would best suit me?
If you use your vehicle for work purposes, either of these products may suit you. It's best to discuss the various options with us to find out which is the best product for you.

What is a balloon payment?
It is the predetermined amount due at the end of the loan term. This is often estimated ot be the value of the vehicle or goods at the end of the term. A balloon payment is generally used as a means of acheiving a lower repayment amount thus allowing you to leverage into a newer or more desirable vehicle or equipment.

How much can I borrow?
This depends on your income and asset position as well as your credit history.