Same Day Car Loans. What It Takes to Settle Fast

Decisions can be available the same day. Timing depends on the lender, how complete your application is, and when your documents arrive. Here is what happens behind the scenes when you apply:

• Application processing: Your online application is assessed by our team and matched against our panel of 50+ lenders.
• Rapid credit assessment: With your consent, we conduct a credit check and assess your serviceability.
• Conditional decision: A conditional decision is not an approval. It tells you exactly how much you can borrow and at what rate.
• Fast document verification: Upload your supporting documents digitally. Our team verifies them as they arrive.
• Settlement: Once everything checks out and you've confirmed the vehicle, funds are transferred electronically to the seller, often within the same business day.

A quick settlement is possible for both dealer purchases and private sales, but the process differs slightly:

Dealer purchases: Settlement with dealerships is typically the fastest option. Most dealers are set up to receive electronic funds and complete paperwork digitally. We liaise directly with the dealer's finance department to ensure a smooth handover.

Private sales: For private car purchases, we transfer funds directly to the seller's nominated bank account. We also conduct a PPSR check to ensure the vehicle is free from encumbrances, and verify the seller's identity. Having the seller's bank details and a signed contract of sale ready speeds up the process significantly.

In both cases, our goal is the same: get you settled without avoidable delay. Timing depends on the lender, how complete your application is, and when your documents arrive.