Personal Loans for Imported Vehicles
What is a Personal Loan?
Personal loans are loans where no security or collateral (car) is required to be held by the bank or financier. Being an unsecured loan product, generally personal loans attract higher interest rates than secured loans as the risk to the lender is higher.
If you’re looking for an unsecured personal loan for your import vehicle in Australia, iCREDIT help by comparing lenders, loan products and rates to match our customers application with the best personal loan option to meet your requirements for your car purchase.
iCREDIT is dedicated to offering a wide range of transparent unsecured personal financing options throughout Australia and help customers with financing unique vehicles.
We understand that everyone has different requirements, which is why we’re committed to provide an extensive range of loan options through our partnerships with leading banks and non bank loan lenders.
Your next import car purchase can be made possible with a flexible loan with easy to understand, clear options.
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Unsecured Personal Loan FAQ's
Access frequently asked questions about Unsecured Personal Loans
With a personal loan, the lender provides funding to you for any worthwhile use.
Upon settlement of your loan, the funds are either paid directly to your bank account or to the seller. As there is no security held against the loan, you can use the funds for not only a vehicle purchase but other assets or debt consolidation.
Generally personal loans do not have any monthly administration fees or early payment charges, so do provide some flexibility for you to repay earlier if needed.
Applying with iCREDIT is easy. Simply enter a few details into our online application form or contact us on 1300 350 118 to talk to us about your personal loan requirements.
Unsecured Personal Loans can be used for any worthwhile purpose including purchasing vehicles from both vehicle dealerships as well as private sales or used to purchase other assets such as motorbikes, boats, caravans and also offer debt consolidation, home renovation, wedding, holiday , swimming pool or medical / surgery.
iCREDIT offer pre-purchase approval loans, helping you research your vehicle and buy with confidence knowing your funds are readily available.
If you are choosing a personal loan for your vehicle purchase, it’s important to know that some lenders will vary interest rates depending on your overall loan application and credit rating / score.
The team at iCREDIT understand lenders guidelines and criteria, so can help you find a suitable personal loan interest rate and loan package without affecting your credit rating.
Personal Loans do not require security to be held, so these products can be considered a higher risk as it is harder for the bank to recover their funds should the borrower default due to non payment.
Personal loan interest rates are based upon the customers Equifax credit score and overall loan application including assets, liabilities, income and expenses.
Each bank has different lending guidelines and scoring which results in offering different interest rates.
Having a poor credit file, defaults or slow repayment history on your credit file can reduce your chances of gaining a personal loan with ‘mainstream’ banks.
We understand there are always reasons behind credit issues and work with you to gain an understanding of what happened.
With the strong relationships we have built with our lenders, we work hard to achieve the best personal loan outcome for our customers.
iCREDIT have over 20 years in providing personal loans for cars, boats, caravans and motorbikes and pride ourselves on being able to provide a quick turnaround service with transparency on your new loan.
Your personal loan can be arranged on the same day and in some cases funds settled and paid. Circumstances that may slow the application process depend on your individual financial circumstances and available documents.