Can I Get Finance for a Private Sale?

If you plan to buy a car from a private seller and you need financing, we have good news for you. Here at Loans Unlimited, we have lenders that can give finance for private sale vehicles. Used cars from private sellers are much cheaper than new ones, obviously. But the truth is you will still spend over $10,000 for a car that’s modern and reliable. Borrowers are advised to be a little patient when applying for private sale finance. Unlike with regular car loans that allow purchases through a car dealership, a private sale loan can take longer to gain approval due to the extra compliance checks.

Do I Need Comprehensive Insurance?

The short answer is yes. It is a legal requirement to have a car comprehensively insured when it’s under finance. By getting comprehensive insurance, you get the coverage you might need in case you damage the vehicle. Accidents can happen anytime, and if you don’t have the cash to cover the cost of fixing or buying a replacement, this insurance will help. Comprehensive insurance covers damage from a collision, whether it is minimal or beyond repair. It also gives you peace of mind if the car gets stolen or vandalised, as well as damage due to fire, flood, and other natural events.

What Type of Interest (Fixed or Variable) Does a Vehicle Loan Have?

All car loans offered are fixed-rate. This means that the interest rate will not change over the life of the loan. It is often more beneficial than a variable rate loan. Since the interest will remain the same until you pay off the entire loan, you know the exact amount you owe. Meanwhile, a variable interest rate loan may go up or down in interest, depending on the prime or index rate. The longer the term, the riskier it gets for the borrower. Fixed-rate interest financing is excellent if you want consistency. With rates having the highest tendency to increase these days, a fixed-rate loan is more fitting for borrowers.

What Documents Do I Need to Submit?

We make applications so much easier for you. Get pre-approved quickly by filling out the form on the website. There is no need to provide any documents at this point. After you have been conditionally approved, you will receive an email from us where we request more information and documents to verify the information you sent, including your name and address. Once we have matched you with a few lenders, we will request more details and documentation, such as financial statements, payslips, and a copy of the contract for the sale of the vehicle.

Why Do I Need Loans Unlimited if I Can Just Go to the Bank or Any Lender to Get a Car Loan?

The most significant advantage with Loans Unlimited is that you gain access to different lenders – not just one or two. You are not limited to the big banks and lending groups. When you opt for these firms, they will give you standard options and nothing more. In comparison, we work with several lenders that will not only grant you with attractive rates but a loan that truly meets your requirements. The most important thing to know about us is that we work for you and not for a specific lender or car dealership. Our goal is to help you choose the financing that suits your circumstances so that you can buy the car you want as stress-free as possible.

Are There Fees That I Should Be Aware of?

Some fees may be involved once you get approved of car financing. They include, but are not limited to, the following: Application fee Origination fee Financiers Security Registration fee If you plan to purchase a vehicle from a private seller and you want to get financing, you may also be subject to extra costs. These additional payments are typically in existence to cover the inspection and taking photos of the vehicle. The exact amount that you will have to pay can depend on a variety of factors, including the area where the inspection report will take place. Some of our lenders also charge establishment fees.

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Rate From

6.34%

Fixed (comp*)

7.65%

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CAR FINANCE

PERSONAL FINANCE

REFINANCING

THE Most Competitive
COMMERCIAL LOAN RATES IN PERTH

Commercial Finance Rates From

LOWEST LOAN RATES - 6.34% | COMPARISON RATE - 7.65%

Running a business comes with certain financial obligations. What you need is a partner that you can turn to in trying circumstances. Whether you plan to expand, purchase new equipment, hire more employees, or simply to improve other aspects of your company, we are here for you.

We work with over 30 lenders who offer different types of commercial finance. Just like our personal loans, we offer business loans with flexible loan structures, including secured loans and unsecured loans.

PERTH COMMERCIAL LOAN CALCULATORHOW MUCH DO YOU NEED?

If you’re interested in getting a business loan, you can use our online calculator to find the best deal. It allows you to discover what your regular repayments will be for a loan that suits your individual circumstances.

Calculating your repayments is quick and easy, simply select the loan amount, loan term, interest per annum, repayment period (weekly or monthly) and optional balloon payment. Our calculator will instantly tell you your repayment amount. Apply for a business loan with Loans Unlimited today!

$10,000$100,000

1 year7 years

4% interest P.A15% interest P.A

Repayment period:

Balloon payment:

Balloon Percent 30%

Repayment is

$278 p/w

+
$24900 balloon payment

What Our VALUEDCLIENTS SAY

At Loans Unlimited, we enjoy taking the stress out of business banking and finance for our customers. We work hard to provide finance options for business loans that suit all businesses’ needs. Check out what some of our past customers have said below:

Excellent

Loans Unlimited - Car, Leisure & Commercial Finance

4.9

Based on 481 reviews

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Maree McMahon

Going through Loans unlimited was such an easy process and stress free Jay was amazing and keeping me in the loop on every step to be taken to secure my new loan I couldnt be happier with the whole experience.

Response from the owner: We're so happy you had a great experience with us! Thank you for your kind review 🙂

alan-gwenn boufenghour

Exemplary service, simple, quick and very professional!!! Defo recommended.

Response from the owner: Thanks Alan!!

Danny Hinsey

Had an absolutely superb experience with Josh Ashman, he made himself available on a Saturday and provided his own personal phone number to help with the search of my new car. The way Josh conducted himself was second to none, made the entire experience of getting finance sorted for a private purchase so much easier than you could dream of. Giving constant feedback via text msg made the whole process a dream. Cheers Danny.

Response from the owner: Thanks so much Danny! Congratulations on the new car!!!

Kane Bennett

Second time using Loans Unlimited. Great experience. Josh was super helpful and quick with updates and replies. Thanks Josh 🙂

Response from the owner: Thanks Kane! We appreciate your kind words 🙂

R K

Complete online process and worked with Ebony, whose communication throughout was impeccable - much better than the dealer! She found me a lender with a reasonable rate and a fair brokerage fee. Would recommend.

Response from the owner: That's great to hear! We're so happy we could help out 🙂

Ashton Dekker

Really good service. Went above and beyond to sort out our finance. Always giving us constant updates. 5/5 Stars. Thanks legends!

Response from the owner: Thanks Ashton!! We really appreciate it 🙂

Aussie Patriot

Was an absolute pleasure to have Joshua as my consultant throughout the entire process, from the first phone call to settlement in securing finance for a vehicle. Always explained every step, and correspondence was always prompt. I would recommend these guys to my friends.

Response from the owner: Thank you so much!

Glenn Carr

Brooke and Team did a fantastic job sorting out both of my loans l would highly recomend them to anyone looking for a good deal and rate for their loans.Thanks so much

Response from the owner: Thanks Glenn! We were happy to help you!

Brendan Bramley

I would recommend Loans Unlimited they are very helpful and made the whole experience very easy especially like to thank Jay Coleman for all his work to make getting my loan as easy as it could be

Response from the owner: Thanks Brendon! We appreciate the kind words 🙂

ARE YOU INTERESTED IN A COMMERCIAL LOAN
FOR YOUR PERTH BUSINESS?

Before you apply for commercial finance, you may want to know a few things first. Many businesses do not know if they should build their credit before they apply.

Like any loan, lenders will look at your credit history and score. Do you pay on time? Does your business have other existing loans? Building your credit is a sure way to get great offers and rates.

When you are ready to expand, financing your business becomes crucial. Looking for the right source of funds is not always easy. It is why it pays to compare your available options before you apply for a loan.

OUR PERTH COMMERCIAL FINANCE PARTNERS

Finding the best place to borrow money can be tricky and a bit overwhelming. That’s why we’ve got a team of experts ready to help you out. Our team of finance partners includes over 30 lenders. With Loans Unlimited, you’re spoiled for choice. We’ll not only provide you with the best finance options, we’ll stay right beside you every step of the way.

LET LOANS UNLIMITED HELP YOU FIND THE RIGHTPERTH COMMERCIAL LOAN

Getting your rate here will not affect your credit score

What ARE THE DIFFERENT TYPES OFCOMMERCIAL LOANS?

Commercial finance comes in different shapes and sizes. You have plenty of options, but you must pick the one that suits you best. When you need to upgrade your fleet, here are your top choices and how you can benefit from them:

Low Doc Finance

Low documentation finance is precisely what the name implies. Many small businesses do not have the required documents to get a loan just yet. To help you out, you can seek low doc financing, which allows you to get a loan without matching the complete requirements.

Someone else will guarantee the loan for you so that you can get approved quickly. You may be able to claim the GST, interest, and depreciation of the purchase.

COMMERCIAL HIRE PURCHASE

This commercial finance product is essential for those who wish to hire vehicles from a lender. It is often much cheaper and useful for businesses that only require the car for a set period.

OPERATING LEASE

A rental or operating lease is a comprehensive finance agreement between you and the financier. The latter remains the owner of the rental, even if you have paid your dues. Repayments you have made will typically be tax-deductible.

LINE OF CREDIT

You may know this type of commercial finance loan as an overdraft or debt facility. Using the line of credit, your business can access a pool of funds that you can withdraw.

Some lenders offer revolving lines of credit while others can expire after a certain period. One benefit of an overdraft account is that you only have to pay for the interest of the amount you used.

CHATTEL MORTGAGE

Also known as a secured loan, you can purchase a car that you will use for your business activities. For instance, you are a tradie who requires a ute to move equipment from one site to another. A chattel mortgage is one of your best options.

NOVATED LEASE

In its simplest form, a novated lease is an arrangement alongside a salary package. The employer will pay for the car lease and its running costs using the employee’s salary.

Why Choose Loans Unlimited For Your Perth COMMERCIAL LOAN?

We’re a business that puts our customers first, and we’re passionate about helping you find the best loan for your Perth business.

With over 25 years in the loan and finance business, we’ve got the experience and knowledge to find the best finance solutions.

We know that not all businesses’ needs are the same. There is a huge range of loans available and it can be stressful trying to make the right choice.

Let Loans Unlimited guide you in your finance journey. We’ll make finding the best fit for your business easy.

LET LOANS UNLIMITED HELP YOU TODAY PERTH'S COMMERCIAL LOAN EXPERTS

Loans Unlimited offers you a variety of financing options that you can use for your Perth business. We have commercial loan experts who understand your needs. Choose from a commercial loan product, and we will help you locate the best lender that meets your requirements.

The best solution for you will depend on a variety of factors. Your budget, your preferences when it comes to interest rates (fixed vs. variable), type of loan (such as secured or unsecured), and the total loan period are just some of the considerations.

Our finance packages have great loan rates, flexible payment options, and can be settled quickly. Ask one of our experts to find out which option is best for you today.

FREQUENTLY ASKED QUESTIONS

What is commercial finance?

A commercial loan or finance in Australia is any type of finance that has nothing to do with residential properties. Instead, it focuses on commercial properties, including retail and industrial establishments. It does include multi-family residential properties, such as apartment complexes.

The loan can be used for the development and construction of the commercial property or purchasing equipment and franchises. If you plan to start a business or expand on an existing one, you can turn to commercial finance.

How much can I borrow?

Before we can provide you with an accurate answer to how much you are allowed to borrow, we will first ask you to fulfil specific requirements. Usually, commercial financing amounts start from $1,000. It can go up to $100,000 (or maybe even more, depending on your eligibility).

Make sure that you consider the interest rate per annum before you request for a higher amount. Don’t forget to contact us or fill out the form on this page to know how much you can afford. Alternatively, you can use our calculator to estimate the amounts.

Do I qualify for commercial finance from Loans Unlimited?

There is a great chance that you qualify for a commercial loan from us! Our requirements are easy and convenient, even for new businesses. We have minimum gross annual turnover requirements, as well as three months of bank statements.

If you have been in your industry for at least a year, your application could be approved almost immediately. Please make sure that you have no recent or prior bankruptcy.

What will my interest rate be?

One of the things that we take pride in here at Loans Unlimited is that we offer very low-interest rates for commercial loans. Note, however, that your interest rate can vary from our other customers. We take into consideration different factors, including your business credit score.

Currently, the lowest rate we give to businesses and commercial establishments is 4%, and the maximum is 15%. If you would like to know your tentative interest rate, please do not hesitate to fill out the form on the website. It will not affect your credit score.

How can a Perth commercial loan help my business?

If you run a business and you are facing financial hardship at the moment, you can take out a commercial loan from Loans Unlimited. You can use the money for any business purpose until you get back on track.

Make sure, however, that you repay your loan, so you do not hurt your business credit score. The funds can be used for virtually anything relating to a commercial property or your business operations, such as purchasing stock, equipment, and marketing products. You can also use the funds for renovation, hiring new staff, or acquiring business.

Do I need to provide security?

We may or may not require you to provide security, depending on your business credibility and eligibility. In most cases, however, we will not take security over any of your assets, either your business or personal assets. We will only require you to give us a personal guarantee. On the other hand, some borrowers may need to provide a deposit, starting from 10 per cent of the asset value.

Let Loans Unlimited HelpFIND THE RIGHT COMMERCIAL LOAN FOR YOU

We’ve helped thousands of Aussies with our Perth commercial loans and we’d love to help you too. We take the time to research different lenders and the benefits they can offer. We do all the legwork to find you the best interest rate available and a loan without any hidden additional fees.

Then, we get to know you and your business needs. This helps us find the best finance options to pay for your new business asset. Leave your contact details below and one of our friendly team members will get in touch.

Perth Commercial Loans SPECIALISTS