How To Get A Car Loan
How to Get a Car Loan in Australia
Small Cash Loans from $200 to $2,000 paid within 60 minutes
Loans from
$200
to $2,000
Paid within 60 minutes
Repay over 1-12 months
Weekly or fortnightly repayments
Loans from
$200
to $2,000
Paid within 60 minutes
Repay over 1-12 months
Weekly or fortnightly repayments
What You Need to Know Before You Apply
Cash Direct offers two types of car loans depending on how much you need. Small loans run from $200 to $2,000 and are fee-based rather than interest-based, which keeps the cost structure simple. Medium loans cover $2,001 to $5,000 and work on an interest rate basis, capped at 48%.
Whichever loan size fits your situation, a few things stay the same: applications are quick, we may still be able to help if your credit history isn't spotless, and we welcome applicants receiving Centrelink payments, including pensioners and single parents. If you've had credit issues in the past and want to talk it through before applying, give us a call on 0488841177, we may still be able to help, subject to assessment.
Your Car Loan Application, Step by Step
Here's what the process actually looks like from start to finish.
Step 1 — Check Your Eligibility
Before you apply, it's worth understanding what lenders generally look for: proof of income, a valid form of ID, and an Australian bank account. You don't need a perfect credit history to be considered approval depends on your overall circumstances, not a single factor, and every application is assessed individually.
Step 2 — Gather Your Documents
Have your current bank statement and proof of ID ready before you start. Having everything on hand from the outset is the single biggest thing you can do to avoid delays.
Step 3 — Apply and Get a Decision
Complete your application online, and our team will get in touch to finalise the details. For small loans, a decision may come through in as little as 60 minutes once everything's submitted, subject to eligibility larger medium loans can take a little longer to assess.
Step 4 — Sign, Settle and Drive Away
Once you're approved, you'll be able to review and sign your loan terms before funds are settled. From there, it's over to you, time to go find those new wheels.
If you'd like to see what your repayments might look like before you commit to anything, it's worth running your numbers through our car loan calculator first.
Am I Eligible? Centrelink, Pensioner and Single Parent Applicants
Eligibility for a car loan isn't just about your payslip. At Cash Direct, we consider applications from a wide range of circumstances, including car loans for Centrelink recipients, car finance for pensioners, and car loans for single parents. Each situation is assessed on its own merits, so it's worth applying and letting us take a look rather than assuming you won't qualify.
For a fuller breakdown of what lenders typically weigh up, see our guide to car loan requirements.
Documents You'll Need for Your Car Loan Application
At minimum, you'll generally need:
A current bank statement
Proof of identity
Details of your income (including Centrelink payments, where relevant)
Depending on the size of the loan and your individual circumstances, we may ask for a little more. For the full rundown, check the documents you'll need before you start your application, so nothing holds you up partway through.
How Fast Can You Be Approved?
For small loans, approval can come through in as little as 60 minutes once your documents are submitted, subject to eligibility though actual timing depends on your individual circumstances and how quickly everything's provided. Medium loans generally take a little longer to assess, given the larger amounts involved.
If your credit history has had some bumps in the road, it doesn't automatically rule you out. We assess bad credit car finance options on a case-by-case basis, so it's worth applying rather than assuming.