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Personal Loan application - loan purpose - secured

Number of applicants

• Sole applicant – Select this if there is only one borrower
• Joint applicants with equal shares of all major assets – Select this if there are two borrowers and all assets owned are equally divided ie 50% for each borrower
• Joint applicants with unequal shares of some assets – Select this if some major assets are divided unequally between borrowers eg 60% ownership for one borrower and 40% for the other

Term of loan

You have the option to select the term over which you wish to borrow the money. The minimum term is one year and the maximum term seven years. There is no difference between the type of loan.

Details of loan

In this section, you will be asked to enter information about the motor vehicle or boat being purchased or refinanced, and if applicable, any cash contributions you will make and/or trade-in price of your existing motor vehicle. Input only numbers.

Cost price of vehicle:

Enter the purchase price of the vehicle OR how much you wish to borrow if you have not yet found a vehicle.

Less your cash contribution (if applicable):

Enter the amount of your own money you will use as a deposit on the vehicle.

Less value of your trade-in vehicle (if applicable):

If you have a vehicle you will be trading for the new vehicle, enter the trade-in amount of your existing vehicle.

Plus comprehensive insurance (if applicable):

Comprehensive insurance is required over the security vehicle for the term of the loan. If you wish to borrow the money to pay for the first year's insurance premium, enter the amount here.

If the total loan amount is not displayed, then click on the Calculate button to verify the amount you wish to borrow.

Vehicle details:

Make:

Enter the name of the car manufacturer, eg Holden, BMW, Ford.

Model:

This is the type of car, eg Barina, 328i, Falcon.

Options:

Select the options on the vehicle. You may select more than one option or leave blank if you are unsure.

Refinancing details:

If this loan is to pay out an existing loan, select 'yes' to refinancing.

Current finance company:

Tell us who your existing loan is with.

How much is to be paid for the car:

Enter how much you think is owing on the outstanding debt.

Estimated payout:

Enter details of the current payout figure, which is the amount required to pay off and close the existing loan account (including fees and charges).