FAQs

Like to know more? Check out our FAQs below.

  • Can I refinance my loan?

    Yes. Loan Spot has accreditations with financiers who offer products specifically for refinancing purposes. We are able to access finance products from both banks and mainstream financiers with the lowest rates available on the market for refinancing existing loans. Speak to your consultant today for more information.

  • Can you help me find a vehicle?

    Yes, we can! Loan Spot has partnerships and established relationships with some of Australia’s leading vehicle dealerships allowing us access to both new and used vehicles at industry-leading prices. We can help you to get a great deal on cars, motorbikes, caravans, camper trailers, boats, jet skis, trucks, trailers and equipment. Speak to your consultant today for more information.

  • I have defaults. Can I still get finance?

    We have a number of financiers who are willing to assist applicants with paid defaults under various circumstances. We have financiers who may be willing to approve applicants with unpaid defaults depending on the reason for the default/s. We also have financiers who will lend to ex-bankrupts as soon as 1 day out of bankruptcy.

  • How long does it take?

    Once your Finance Consultant has received your supporting documentation, your application is submitted to the financier who can offer you the best finance option and we can generally give you an answer and pre-approval the same day.

  • What do I need to get finance?

    The documents you will need will vary greatly depending on what type of asset you wish to finance and whether it is for private or business use.

    To secure finance for a vehicle for private use, you will generally need to provide 100 point of identification along with proof of income such as payslips, or tax return.

    To secure finance for a business asset, this will vary greatly depending on your business structure and whether you choose a low doc or full doc finance option.

  • How do I apply for finance?

    Applying is quick and easy with our online application. Apply Online today to get the ball rolling and secure your low rate approval as fast as possible.

  • Why choose Loan Spot over my bank?

    While your bank may be able to offer some competitive finance options for your next vehicle, Loan Spot have accreditations with over 35 leading Australian banks and mainstream financiers who we can compare on your behalf to find you the lowest rate finance solution with flexible terms and repayment options to suit your individual needs. This means that in most cases, we are able to find a more suitable finance options with better than bank interest rates.