01
What are my chances of getting approved?
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Finance companies take into consideration your credit history, deposit amount, assets and liabilities, work history and salary. Our experienced staff will ask you questions regarding your individual circumstances and finance history. We will work hard to ensure that you get a loan approval with the best possible terms.
02
Does applying affect my credit score?
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No, completing our online form will not impact your credit score. When you fill out the initial online application with Entrusted Lending, we conduct a preliminary assessment that does not include a credit check, so it won't affect your credit report. However, when we formally submit your application to a lender, a credit check may be required, which could result in an inquiry on your credit file. This is a standard practice in the finance industry when a credit application is reviewed.
03
Can I Get Pre-Approved before I find a car?
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Yes, getting Pre approved is a great way to ensure that you know your budget and future repayments before deciding on a vehicle.
04
How long can I repay the vehicle loan over?
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Generally, terms range from 1 to 7 years. Shorter terms may result in higher monthly payments but lower overall interest costs, while longer terms may offer more affordable monthly payments but may cost more in interest over time. It's important to choose a term that fits your budget and financial goals.
05
Can I get a loan for a private sale vehicle?
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Yes. We arrange loans for new and used vehicles purchased from private individuals or dealers.
06
What is the interest rate?
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The interest rate on a loan can vary based on several factors, including the type of loan, the lender, the loan amount, the term length, and the borrower's credit profile.
07
Do you have more finance questions?
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If you have any more finance questions please don’t hesitate to call Entrusted Lending on 1300 311 176 or complete our Apply Now form. Please ask your finance questions and one of experience and friendly staff will contact you shortly.
08
What are Illion BankStatements, and are they safe to use?
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Illion BankStatements is a secure online tool that allows you to easily and quickly share your bank transaction history with us. It simplifies the application process by providing the required financial details directly from your bank.
09
Are they safe to use?
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Yes, Illion BankStatements is completely secure. The service is encrypted and adheres to the highest standards of data security and privacy. Your login credentials are never shared with us or any third party. Illion serves as a secure intermediary, accessing your bank information solely to obtain the necessary statements.
