Personal Loans & Car Finance
A Personal Loan is a fast and convenient way to get the things you want or to pay for the things you need. With flexible repayments and competitive interest rates, you can use a Personal Loan for whatever you want.
A Personal Loan can be a quick and easy way to obtain finance for a range of purposes such as:
- Travel
- Education
- Furniture
- Debt consolidation
- Car, boat or motor bike
- Or just tiding you over to make ends meet.
Personal Loans can be secured or unsecured. Secured personal loans would be secured by the asset being purchased such as a car or a boat or the loan can be secured by an existing asset owned by the customer.
Unsecured personal loans usually incur a slightly higher interest rate because the lending is unsecured over the term of the contract.
SD Loans & Leasing offers competitive personal loan solutions from our panel of lenders.
Like to apply for a personal loan today? Call our office on 07 4033 0254,
email us, or apply online today.
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Secured Consumer Loan
A Consumer Loan is designed for individuals who want to use their car mainly for private purposes, and for whom private ownership is important. By utilising a balloon value you can reduce your payments considerably and improve your cash flow.
You can structure the monthly instalments to suit individual budgetary requirements. By opting to place a deposit, or by nominating a final lump sum payment at the end of the finance term, you can conveniently decrease your monthly repayments, giving you greater security when managing your budget and planning your financial commitments. Ownership is transferred to you as soon as the first payment is made, in exchange for security over the vehicle.
This is discharged upon payment of the final instalment. You may also be given the opportunity to re-finance your final lump sum payment at the end of the contract term.
Terms generally range from 12 to 84 months and the interest rate is fixed for the term.
Like to apply for a Secured Consumer Loan today? Call our office on 07 4033 0254,
email us, or apply online today.
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Car Loans
A secured car loan is a finance contract where the financier lends money against the security of the car that is being purchased.
Generally the contract is for a term of 12 months to 5 year and it can have a residual payment at the end which can be refinanced at the end of the initially contact. The customer takes ownership of the vehicle at the time of purchase and the financier takes a charge over the vehicle to secure the loan.
Once the loan is paid out the customer has clear title of the vehicle.
Benefits of a car loan
- Flexible contract terms ranging from 12 to 84 months (one to seven years)
- A balloon value can be applied to the contract enabling the monthly or fortnightly repayments to be tailored to a budget
- Deposit (either cash or trade-in) may be used
- A tax deduction is available when the vehicle is used for business purposes
- The loan is secured against the vehicle, allowing lower interest rates
Who does a Car Loan suit?
A Car Loan is suitable for individuals who wish to purchase a late model car either privately or from a licensed dealer and do not have significant business use of their vehicle.
Do you need finance for your next car?
Like to apply for a car loan today? Call our office on 07 4033 0254,
email us, or apply online today.
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Low Doc Car Loans
A low doc car loan is a car finance option available to business car loan applicants and for self employed customers. Essentially, you do not need to provide payslips or financial statements to obtain a low doc car loan.
Benefits of a Low Doc Car Loan
- Quick approval
- Do not have to provide financial statements or pay slips
- No need to disclose financial data
- Able to protect your financial position
Who can apply for a low doc car loan?
Low doc car loans are available for business client subject to meeting the following conditions:
- Passenger cars or commercial vehicles up to 3 tonnes
- Maximum loan amount of $70000
- New and used vehicles up to 4 years old
- Must be from a licensed dealership
- ABN for a minimum of 2 years
- Must have equity in real estate property or have a deposit of 30% towards purchase
- Clear CRAA report and sound repayment history
Looking for low doc finance for your next car? Call our office on 07 4033 0254,
email us, or apply online today.
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