If I apply online, is my privacy protected?

Absolutely. We take privacy very seriously at UFS; see our privacy policy. Our start of the art software ensures all details obtained  are privacy protected.

Who can apply for a loan?

Anyone over 18 years and working whether it be casual,part time or full time. We check all our application forms very thoroughly and if there is a problem we will contact you. In the meantime, simply apply online and we can go from there together.

What is the longest term of the loans available?

The usual term for a car loan is 2-7 years. The majority of people take it over 5 years.

Can I Buy a car Private Sale?

Yes, we are able to finance private car purchases.

What is the car loan interest rate?

There are many variables that can impact the interest rate. These can include the applicant’s employment and residential stability and credit rating. The applicant’s assets and age of the vehicle can also impact on this. Please contact us for a more indicative answer surrounding your personal circumstances?

Are car loans a fixed or variable rate?

The interest rates on our car loans are fixed.

Can I get a payout on my loan?

Give us a call and we can help you with you payout details in most cases.

When is my first payment due?

Usually payments are due 1 month from settlement, but in some cases (lender dependant) they can be made weekly, fortnightly or monthly.

How are my payments on the loan made?

Your loan payments can be made via direct debit or BPAY.

Can I make extra repayments?

You can make extra payments via BPAY however your broker can advise you of the best way to do this.

If I pay my loan out early, do I save on interest?

Yes, interest is calculated daily, so you will pay less interest by paying the loan off before its due date. Be sure to check for early termination fee’s as these can occur on fixed rate car loans.

How do I get a good credit rating?

You can obtain a good credit rating in many ways, including paying accounts and bills by their due date, minimise the amount of enquiries on your credit file ( limit the amount of finance applications you make) and pay your loan accounts on time for a minimum of 6 months.

Can I get a car loan with bad credit?

Yes, we have numerous lenders on our panel that can assist in many cases. In some instances confirmation of ID, payslips and even bank statements could be required to assist with a Bad Credit car loan application.

What documents are needed to apply for finance?

Once our Privacy Form is complete – we will require identification and income details to complete an assessment or application.

Are 0% Car Loans real?

These are known as subventions through the car dealerships selling new cars only. They are usually shortened terms and require sizeable deposits (to make eligibility more difficult) for the loan option. Generally no interest is charged on the loan – but the Interest you may save on is comprised from the profit in the price of the vehicle being sold.

So basically no discounts are eligible on the new car purchase – as these profits are used to offset the interest in the finance.

Does the car need to be insured when under finance?

Yes. All vehicles used a security for a loan need to be insured. We can help with the Comprehensive Insurance through one of our insurance partners.

Do you have a vehicle age limit for financing?

No. We have many lenders that can finance vehicles up to 20 years old. Unsecured loans can also be used for vehicles even older.

Can you help find me the car of my dreams?

Yes. Findmycar.com.au is an independent car brokering service that can help source your next vehicle.

Can I get finance for an imported car?

Yes, but some lenders can have stricter finance requirements or deposit requirements.

Can I get Pre-Approved for a car loan?

Yes, this is sometimes a great idea to assist with budgeting and you can then shop with confidence that your finances are all ready to go.

How long does it take to get finance approval for a loan?

This can vary depending on the loan request and lender selected – but in most cases less than 4 hours.

Can I get a car loan if I have an international or overseas drivers licence only?

Yes, but this can depend on the visa/PR conditions individual to you. Please contact us for more info surrounding this.

Can I get a car loan on a 457 Visa?

If you reside in Australia and have a current 457 Visa – you can obtain a car loan. Certain criteria need to be met such as employment verification and the term of car loan must not exceed the Visa Term.

Once finance is approved, what is the process?

Our Brokers will organise all the loan documentation for signing, explain all the lending particulars to your contract and assist with the lender settlement. You can usually pick you vehicle up within 24 hours of approval.

How do I apply for a car loan?

See our Contact Us page to find a branch near you.