How to Get Pre-Approved for an EV Online

Electric vehicles are booming Australia wide and so are the finance options that support them. Whether you’re looking for a compact city driver or a family SUV, the best thing you can do is get pre-approved.

Pre-approval gives you a clear picture of your budget and allows you to negotiate with confidence. Using our 100% online finance process, you can get pre-approved in less than 1 hour.

Here’s everything you need to know about getting pre-approved for an EV with zero paperwork.

Click ‘Apply Now’ to start pre-approval for your electric vehicle loan.

What Exactly is Pre-Approval?

Pre-approval is a car buyer’s secret weapon. It’s an indication from your lender, based off a preliminary picture of you, of what you might be able to borrow.

Don’t get it confused with final approval – it isn’t a substitute. Pre-approval will, however, give you a much stronger understanding of:

How much you might be able to borrow
Potential repayment ranges
Which vehicles fit your budget
What finance options may be available

Instead of shopping first and figuring out the finance later, pre-approval gives you a clear and realistic budget before you start comparing vehicles.

So Why Should You Get Pre-Approved?

You might have started your switch to electric by looking into models, battery ranges and chargign technology. Those are all important, but when you know your budget first, everything becomes easier.

That’s exactly what pre-approval is, helping you:

Shop with confidence
Narrow down vehicle choices
Avoid wasting time on vehicles outside your budget
Move quickly when stock becomes available
Negotiate with certainty

Our Online Process Is Simpler Than You Might Expect

Some lenders have you file countless amounts of paperwork and leave you waiting for weeks at a time. At Loans Unlimited, the entire application process is completed online.

You’ll be able to:

Submit your application online
Upload supporting documents easily and securely
Receive all of your updates via phone or email
Review, sign and return documents digitally

And it’s just as convenient as it is seamless. You can manage the process from home, work or wherever suits you best.

What Information Will You Need?

Every lender has different requirements and the exact mix of documents you need will depend on the person financing your purchase. As a general rule, most applications require basic information about:

Income
Employment status
Existing financial commitments
Residential situation
The vehicle you’re considering

You can upload all if it via our secure online portal.

5 Things You Can Do to Improve Your Chances of Approval

Preparation is the root of your success. Here are a few simple things you can do to strengthen your position before you apply:

Ensure your application is accurate and filled with up to date information
Reduce any unnecessary debts
Maintain stable employment or income in the months prior
Demonstrate genuine savings
Choose a vehicle that comfortably fits within your budget

If you’re self employed or applying low doc, get in touch with our crew and they’ll run you through a good application.

Pre-Approval is Even More Important for EV Buyers

You’ve probably looked at a range of different EV models. You might have started researching one before realising another has:

Better range
Different charging capabilities
Improved features
More attractive pricing

Having pre-approval gives you the flexibility to change your preferred vehicle without reapplying for finance. You’ll have a clear understanding of your borrowing position and won’t have to file an additional application.

How to Choose the Right Lender

Not all lenders are he same. Some offer specialised “green car loans” while others lump EV loans into their standard products.

Rather than relying on a single finance provider, applying with our crew gives you access to 40+ lenders and countless EV finance options. That means more opportunities to find the structure that works for you.