Car Loan Interest Rates:

Your car loan interest rate with AFH will be determined by various factors, including your credit score, the type of vehicle you wish to purchase, and the specific car loan you choose. Our competitive rates start from as little as 5.89% p.a., subject to assessment, and your dedicated consultant will provide you with an indicative rate based on your application.

Borrowing Amount:

The amount you can borrow for your car loan is influenced by your income, savings, asset backing, credit score, and the vehicle’s value. At AFH, our car loans start from $5,000, and you can access financing beyond $100,000 for your desired vehicle.

Flexible Repayment Terms:
AFH offers flexible car loan repayment terms to suit your needs and borrowing capacity. Depending on the lender’s offerings, you can select a term ranging from one to seven years, with options for weekly, fortnightly, or monthly repayments.

Car Loan Pre-Approval:
Obtaining car loan pre-approval is a vital step in your car-buying journey. With AFH, you can get pre-approved before you start shopping for a vehicle or formally apply. This process evaluates your creditworthiness, and our team can assist you with securing car loan pre-approval promptly.

New or Used Vehicles:

AFH provides financing solutions for various vehicles across Australia, including brand-new cars from dealerships and used models from private sellers. You can explore options for vehicles up to 20 years old, ensuring a wide range of choices for your car purchase.

Deposit-Free Car Loans:

With AFH, you can apply for a car loan without a deposit, allowing you to finance 100% of your car’s purchase price. Demonstrating your ability to manage ongoing repayments is essential, but putting up a deposit is optional and can potentially save you on your loan.

Fast Approval Process:
At AFH, we prioritize efficiency, and when you apply for a car loan, you can expect formal approval as soon as one business day after submitting your application. Approval times may vary based on factors such as application timing and complexity.

Car Loans for Business Use:

For self-employed individuals seeking commercial vehicles, AFH offers specialized financing solutions, including chattel mortgages, commercial hire purchase agreements, and car leases. Requirements for business finance differ from personal car loans, ensuring tailored options for your needs.

Required Documents:
When applying for a car loan with AFH, you’ll need to provide essential documents such as your driver’s license, last two payslips, and the completed Savvy application, consent form, and credit guide supplied by your consultant. In some cases, additional documents like 90 days of bank statements, tax returns, and vehicle information may be requested.

Eligibility Criteria:

AFH’s car loan eligibility criteria may vary slightly from lender to lender. However, when applying with us, you must meet certain requirements, including being at least 18 years old, an Australian citizen or permanent resident (eligible visa holders may also apply), earning a minimum income from stable sources, and maintaining an average credit score or higher. We may also assist applicants with bad credit.

AFH is your trusted partner for car loans in Australia, offering tailored solutions and expert guidance to help you secure the car you desire. Apply today and embark on your journey to own the perfect vehicle with AFH’s competitive car loan offerings.