Frequently Asked Questions
Getting personally clued up on the Australian lending market helps you borrow smart. So Natloans has put together a comprehensive list of frequently asked loan questions to help you do just that. Here you’ll find correct and current information about all things lending. Saving you time, money and hassle while ensuring you pursue the right borrowing strategy.
What does Natloans have to offer?
We offer our clients a vast spectrum of finance solutions and insurance products. For convenience you can be spilt our products into three categories:
We finance cars, boats, bikes, caravans, jet skis, motorcycles, yachts and just about anything that can be used of personal use. Our loan options span:
We offer finance and/or lease solutions for almost anything that your business needs. We specialise in customising your finance to meet your needs. Below are some of our business loan options.
- Hire Purchase
- Finance Lease
- Novated Lease
- Chattel Mortgage
- Technology Finance
- Property Finance
- Sale and Leaseback
We offer you a full range of insurance products. Contact us on 1300 955 791 if you have any questions. Otherwise browse our extensive insurance options below:
How much can I borrow?
You can borrow as little as $5000 for a personal loan. The maximum amount depends on your situation and what you are borrowing for.
How long is the loan for?
This varies depending on what you are borrowing for and what suits your budget. Loan terms for car and personal loans can range from 1 to 7 years. Home loans are up to 30 years.
How long does it take to apply?
How long does it take to get approved?
Our loan consultants evaluate client applications within a couple of hours and will be in touch as soon as possible. Our online quick quote takes less than 3 minutes to complete. This tool provides your Natloans loan consultant with all necessary information to evaluate your application. They can offer conditional approval directly if you are eligible. Bear in mind that the level of complexity of your application may prolong the evaluation period.
At Natloans we make it a point to maintain continual contact with out client throughout the application process until the finance documents are signed. We can even pay the dealer or vendor directly to speed up the process.
Can I get my loan approved before purchasing?
Yes – and what is more, we recommend that you do get pre-approval. This will place you in the strongest possible position for the price negotiation process with the dealer or vendor. You will have the important bargaining chip of being a cash buyer. Furthermore, you can shop for an asset within your budget as you’ll know precisely how much you can borrow.
Are your interest rates competitive?
At Natloans we pride ourselves on providing the best interest rates we can. This is all part of our commitment to delivering loan products that meet our clients needs. Our goal is to provide you with the best service, prompt turnarounds and the most competitive deals in Australia. As such, we consistently monitor current interest rates. We challenge you to try and find a better deal. However, the interest rate offered depends on several factors which may vary your interest rate by several per cent. The rate takes into account your credit profile, the age of the asset you are financing and the amount you are wishing to finance. Contact Natloans and get a quote with us now. Then compare us with banks and other lenders. We are confident that you will find Natloans’ solution the optimum choice.
Can I buy a car privately or from a dealer?
Yes – Natloans finance solutions give you flexibility to purchase from a dealer, auction or private vendor. In some cases a used vehicle will need to have a vehicle inspection conducted in order for the payment to proceed.
Do I need to provide anything with my application?
What you will need to provide us will depend on which loan product you choose. In addition, self employed or business loans have different requirements to consumer loans. Your loan consultant will advise you of the necessary documentation for your specific loan application.
Common documents include:
- Proof of address
- Drivers’ license
- Rental receipts
- Pay slips
- Letter from employer
When do I make my first payment?
With personal loans, the due date for your first payment depends on your agreed repayment schedule. So if your repayment schedule is fortnightly, your first repayment is due a fortnight post-settlement. If you have a monthly repayment schedule, the first payment will be due one month after settlement.
With business loans, the first monthly repayment is due on the settlement day.
Can I make extra payments?
You can make additional repayments at anytime.
Are there any application costs?
Natloans deals with a large panel of Australian lenders. So the monthly or ongoing account-keeping fees attached to your loan application may vary. Furthermore, loan set up, approval and/or establishment depends on the amount financed and the state of Australia in which you live.
Contact us to get an exact quote.
You have nothing to lose and everything to gain by contacting Natloans. Because if we do not approve your application – there is no fee.
Have more questions?
Contact us now on 1300 955 791. Our refreshingly enthusiastic staff will be happy to help.