![]() This is listed as an enquiry on your report. Our car loan calculator can give you an estimate of loan costs and repayments – to help you determine how much you should borrow.Įvery time you apply for any form of credit, your credit history is checked by the credit provider.Costs include the vehicle’s purchase cost, plus any on-road costs such as registration and transfer fees, stamp duty and insurance, or incidentals such as roadside assistance. This loan lets you borrow additional funds above the car's value to cover these additional costs - as long as the total amount doesn't exceed your approved loan amount and meets eligibility criteria criteria.There are two key factors to consider here: How much the car will cost and how much you can afford to repay. If you’re a tax resident of another country, you’ll need your foreign tax identification number.All your regular monthly expenses (including school fees, insurance, utilities etc.).personal loans, other credit or store cards, ‘interest-free’ instalment purchases, home loan) All existing liabilities that are in your name (e.g.Recent tax information if you're self-employed.Your income information from the last 3 months, such as payslips, bank statements and rental income (you won’t need this if your pay already goes into a Westpac bank account).Current employer’s name, address and phone number.Proof of identity including at least two of the following:.Whether or not you’re already with Westpac, before starting your application, make sure you have everything in the list below: If not, log in to online banking to update them and allow 24 hours for the records to update before you apply. Once logged in, double-check that your personal details (name, address etc) are up-to-date.Apply as an Existing Customer in the application form and log in to your account. ![]() If you’re already a Westpac customer, you’ll need to: This list relates to applying for conditional approval – the first stage of getting a Westpac Car Loan. We work with three bureaus: Equifax, illion and Experian, so you might like to check the report produced by each of them. You can do this for free by visiting the credit bureau website directly, or via. To learn more about credit reporting in Australia visit It’s a good idea to view your own credit report and check your details are correct before starting your application. This report shows a snapshot of your liabilities, available credit, and your repayment behaviour for these accounts. store cards.Īs part of reviewing your application we look at the information on your credit report, which is produced by an independent credit bureau. You have considered whether you need to close any credit accounts you may no longer use – e.g.You are regularly meeting your repayment obligations for your mortgage, other loan or credit card accounts.The ‘Finalising your application’ tab immediately following outlines the vehicle documentation you’ll need to supply in order to prove eligibility, once you’ve found the right car. ![]() If the car you want doesn’t fit these criteria, you might consider our Unsecured Personal Loan, which doesn’t require your car as security.
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