Got A Question?
We're here to help, browse our FAQs for all your questions - whether they're about your vehicle loans, personal loans, or Insurance.
Start looking for the answers to your questions below!
Vehicle Loans.
How long will it take to get a decision?
We can typically get you a same day decision, within 3 hours, however there may be some circumstances where it may take a bit longer.
How much can I borrow?
The minimum you can borrow for a vehicle loan is $5,000.
How do I get a pre-approval?
Simply fill out our application form and one of our helpful consultants will be in touch within the hour (during business hours).
Can I get finance for a private sale?
Yes, we provide finance solutions for both dealer and private vehicle sales.
What if I have poor credit?
Not to worry, we work with several lenders who specialise in lending to those whose credit score may be lower than others.
I don’t have a deposit, can I still get car finance?
Yes, some lenders are open to 100% finance. Talk to us to see if we you’re eligible.
Can I refinance my loan with you?
Yes - we work with a range of lenders and can work with you to work out and interest rate and repayments that work for you.
Can I get a car loan for my business?
Definitely. It’s entirely up to you whether you want your vehicle under your personal name or under your business.
Personal loans.
How much can I borrow?
The minimum you can borrow for a personal loan is $3,000.
How long will it take to get a decision?
We can typically get you a same day decision, within 3 hours, however there may be some circumstances where it may take a bit longer.
Can I choose my repayment date?
Yes, most lenders you know choose a repayment date that works for you.
How do I apply for a personal loan?
You can apply for a personal loan online by completing our online form.
Can I consolidate multiple loans into one?
Yes - we can consolidate multiple loans into one so you can spend less time worrying about making multiple loan payments.
How old do I have to be?
You have to be 18 years of age or older.
General FAQs.
Do you need to do a credit check?
Yes, all our lenders conduct a credit check on all applications.
Why do you need my bank statements?
As a part of the new government regulations that were introduced in December 2021, lenders are required to assess your affordability by reviewing your bank account behaviour.
What interest rate will I get?
The interest rate you receive will be based on your credit profile and whether you’re buying a vehicle or wanting to borrow for a personal purpose. Unsecured loans, also known as Personal Loans, typically have a higher interest rate than Car Loans.
What is the eligibility criteria to apply for a loan?
You must be over the age of 18 and have a restricted or full drivers license.
What fees do you charge?
We charge an introducer fee of up to $500 per loan. Most lenders also charge an establishment fee and a PPSR fee.
Can I pay off my loan early?
Different lenders have different terms for paying off your loan early. At Lendy, we ensure you understand the terms of paying off your loan early with the lender we connect you with.