When you find the perfect car, you want to find the perfect finance as quickly as possible. For many of our customers, the big question is:
How quickly can you get approved for an online car loan?
Good news: if your documents are ready, you could be approved on the same day. Here’s how online auto financing works and what you can do to speed it up.
At Loans Unlimited, we aim to keep the loan application process moving. Here’s a rough guide:
| Step | Time Estimate |
|---|---|
Online application submitted |
5–10 minutes |
Initial review |
Within 1 business hour |
Conditional approval |
Same day (often <3 hours) |
Final approval & settlement |
1–2 business days* |
This process can be quicker if you’ve already picked your car and your documents are ready to go. Scroll down to find a checklist to help you get your loan approved faster!
Even online, there are a few things that can stall the approval process. Most delays come from:
Missing documents (e.g., no payslips or rego details)
Unclear photos or scanned ID
Waiting on seller info (especially for private sales)
Loan complexity (low doc car loans may take a little longer)
If you’re in a hurry, your best move is to get pre-approved before you go car shopping. That way, you know your budget and we can settle the loan quicker once you’re ready.
When you apply for financing with us, we don’t ask for piles of documents or make you use a clunky portal. With Loans Unlimited, everything is digital and user-friendly:
You can start your application on your phone without any drama
Secure upload for documents
Fast response times from our crew
We work with car lenders who offer lightning speed online approvals
You’ll have a dedicated broker chasing it up, so you won’t be waiting on hold
We move fast and avoid cutting corners to make sure you’re on course toward your goals.
Want your online car loan sorted fast? Here’s what you need to have ready before you apply:
Driver’s licence (front and back)
Medicare card or passport (as secondary ID)
2 recent payslips (or bank statements if you’re self-employed)
ABN and BAS statements (for low doc loans)
Utility bill, lease or rates notice (dated within 3 months)
Make, model and year
Rego papers or dealer invoice
Seller contact details
For some more detailed information and bonus tips, read our article ‘What Documents Do You Need for a Car Loan?’.
The beauty of our online application page is that it is running 24/7, so you can apply at anytime!. We’ll try out best to review and prep your file outside regular business hours, but most lenders don’t release funds on weekends, so you may have to wait until Monday morning.
Still, if you apply Friday, we can often have it approved and ready to go by Monday, especially if you give us a heads up and submit all your info early.
Our online car loans are designed for that chance moment when the perfect car pops up. Whether you’re buying today, tomorrow or next week, they’re built for speed and ease without the usual gravity of a big financial decision.
The Loans Unlimited crew will make sure you get a fair and honest car loan. With over 40 lenders across our galaxy we can find the deal that’s best for you.
Hit ‘apply now’ and we’ll get the wheels turning!
Loans Unlimited are Perth and Western Australia’s premier loan and finance brokers. We have helped thousands move towards their financial goals by offering lower rates and faster approvals when it matters. Financial services are provided by Total Biz Pty Ltd T/A Loans Unlimited ABN 78 624 937 882 ACL 506875.
* The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
