Catch up on our latest Automotive Loan updates
Over recent months, we’ve made a series of exciting changes to make our Consumer Automotive Loans simpler, faster, and more flexible.
We’ve been listening closely to your feedback and we’re back with more enhancements to help you write bigger deals with confidence.
In case you missed it, heres what’s new:
- Higher loan limits: car loans up to $150,000
- Simpler verifications: no bank statements needed for boarders or those living with parents
- More flexible income criteria: 100% overtime and second-job income accepted.
- Reduced employment tenure: casual 6 months | part-time 3 months | fixed contract 6 months.
- Easier refinances: minimum repayment conduct now 6 months (previously 12).
- One flat $599 Credit Assistance Fee across refinance, dealer & private sales
- Removed rate loadings of up to 2% p.a. on selected borrower profiles
And we're not done there. We're constantly evolving our products and policy settings to help you service more of your clients.
Have questions about our updates? We’re here to help. Contact your BDM.
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