So you’ve just filled out our application form and hit submit. What happens now?
Being left in the dark is what makes a car loan application difficult and stressful for so many people. To take the gravity out of the financing process, the Loans Unlimited crew will keep you informed the whole way through.
Here’s exactly what goes down after you click ‘apply’.
First, let’s walk through how online car loans cut through the hassle and get you moving faster.
When WA drivers choose to finance online, they skip the printing and scanning rigmarole, queues and filing cabinets. It’s an option that’s:
Convenient: You can apply anytime, from anywhere.
Quick: Online applications take minutes and we get the ball rolling straight away.
Paperless: Upload your documents digitally without printing or scanning.
Puts you in control: You can compare rates, upload info and track progress from your phone.
Backed by real people: With Loans Unlimited, you get local support and lightning speed assistance from our crew.
Whether you’re upgrading, downsizing or buying your first car, online finance gets on the road sooner without the stress and confusion.
Once your application hits our system, we’ll take a look. We make sure:
That your info is complete
That your documents are clear
That we’ve got enough information to move things forward
All of our crew members are headquartered right here in WA, so if anything’s missing, we’ll let you know right away. There’ll be no waiting around wondering what’s going on.
Typically, you can expect this step to take 1-2 business hours.
Not every lender works the same. Some love low doc applicants. Others offer better rates for newer cars.
Our job is to find the one that best suits your situation. To keep the process fast and efficient, we create a shortlist of lenders based on your:
Income type (PAYG, casual, self-employed etc.)
Credit history
Car type
Deposit (if any)
With access to over 40 lenders, Loans Unlimited will be able to find you a quicker loan with fewer knockbacks.
Once we match you with a lender, you’ll usually get a conditional approval. This means you’re approved in principle, but they might ask for some more information:
Extra documents (e.g. bank statements, seller details)
A valuation on the car
Confirmation of your income or employment
If you’ve got these documents on hand or already gave them to us in your initial application, you’re one step ahead and conditional approval could come on the same day.
When the lender can tick all of those boxes, they’ll give you formal approval. At this point:
You’ll sign the digital loan contract
The funds will be sent directly to the seller
We’ll confirm handover and help finalise any rego or insurance docs
This usually takes 1-2 business days from approval, but it can be quicker.
Once the funds a clear, you’re good to pick up the keys and hit the road! Meanwhile, we’ll:
Wrap up the paperwork
Update your loan record
Stay available for any questions, changes or future upgrades you might need
And that’s that! You’ve lifted off without any stress, run-around or confusion.
There are a few common mistakes that could delay your online car loan:
Blurry or missing documents
Seller not supplying car details
Needing a mechanical or title check for private sales
Lender requests during the final review
To minimise delays, our crew will keep you in the loop during every step. Just make sure you pick up your phone and answer your emails
Loans Unlimited has helped countless Western Australians make giant leaps toward securing an honest car loan with no hidden costs.
Hit ‘apply now’ and we’ll chart you a course toward your financial dreams!
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.
