Looking for a car loan? 

Don’t have time to sift through pages and pages of Google search results? Say hello to Pocket Cash. We’re the lender finder more Aussies trust. Our team will take the stress out of finding a car loan. The Pocket Cash team understands that the world of online lending can be a confusing place. So whether you want to know if you’re eligible for a car loan, how to apply for one or just looking for more information in general, we’ve got you covered. 

What is a lender finder?

First things first, what actually is a lender finder. To put things simply, a lender finder is the middle-man between you and your perfect personal loan. When you apply with Pocket Cash, we’ll show your car loan application to a variety of different lenders. That means no searching the internet for an online lender who might give you a fair go at a car loan – Pocket Cash will do it for you. 

If we are able to successfully match you with an appropriate lender, our team will let you know ASAP! We’ll put you in touch with your new lender straight away so you can sign your agreement. In most cases, online lenders are able to provide you with the cash you need very quickly, once approved. So, if you’re looking for an efficient way to locate the cash you need for a car loan, why not turn to Pocket Cash?

What is a car loan?

So, what exactly is a car loan and what do you need to know? A car loan is essentially just a personal loan that can be used to cover the expense of a car. At Pocket Cash, we do our best to match applicants with online lenders that can provide between $5,000 and $35,000 over a 1 to 5 year period. It is important to keep in mind that all online lenders are different and this is just a general idea of what you could be approved for. 

So, how does it work? If you’re approved for a car loan, your new lender will set you up with a repayment schedule which could be either weekly, fortnightly or monthly. In most cases, the repayment will be directly debited from your account. That means you don’t have to worry about remembering to make a repayment. It is important to remember that car loans attract interest payable on top of the loan amount. At Pocket Cash, we encourage all borrowers to read through their agreements carefully before signing – you must make sure repayments fall within your desired budget.

Who is eligible for a car loan?

Good question! At Pocket Cash, we prefer to keep our application criteria as simple as possible. All we ask is that you meet the requirements below and you’re eligible to apply! All applicants must:

• Be over 18 years old;
• Be an Australian citizen or permanent resident;
• Have a driver’s licence;
• Be receiving a regular work income into a personal bank account for the last 3-months;
• Have an active phone number or email address. 

If you meet the above criteria, the Pocket Cash team encourages you to submit an application. Let us help you find a compatible lender!

Will I need to submit paperwork?

No! When you apply with Pocket Cash we won’t ask you to fill out any paper forms. Our application process is 100% online! All required documentation can be submitted through our online application form. If you’d like to make the process as speedy as possible we recommend you have the following handy: 

• Online banking details; 
• An active email address and mobile number;
• The reason you are applying for the loan; 
• Your MyGov details (if you are receiving Centrelink payments);
• Employer and contact details. 

If you’ve got questions we encourage you to get in touch with the Pocket Cash team or your individual lender. 

Secured vs. unsecured car loans 

Not sure which loan option is right for you? There is a lot to consider when it comes to secured versus unsecured car loans. Let us make things a little easier. 

Secured car loans 

A secured car loan requires collateral as a form of insurance against the loan – hence the term ‘secured’. Often people use assets like cars, motorbikes or boats to secure their loans. However, when applying for a car loan, lenders will typically ask that you secure your loan with the car you’re purchasing. 

A secured loan is usually a larger amount of cash and therefore is a bigger risk to the lender. Collateral acts as a guarantee that the borrower will repay the loan. In most cases, if the loan is not repaid over the agreed-upon period of time the lender has the right to take ownership of whatever collateral is against the loan. It is important to remember that all lenders are different. We encourage borrowers to chat with their individual lender regarding policies and procedures related to secured loans.

Unsecured loans 

Unsecured loans, as the name suggests, do not require collateral as security against the loan. In most cases, unsecured loans are for smaller amounts of cash and, therefore, are of less risk to the lender. Unsecured loans do traditionally attract a higher rate of interest so it is important to assess your budget before signing an agreement. Pocket Cash encourages borrowers to chat with their individual lenders regarding whether or not an unsecured loan is right for their personal financial circumstances.

Will my lender do an employment check?

At Pocket Cash, we are a lender finder. That means our team can not speak on behalf of a potential lender, however, most online lenders will conduct an employment check when you apply for a car loan. There’s no need to stress though, this is usually just a routine part of the loan assessment process. All reputable Australian lenders will handle your personal information with sensitivity when conducting an employment check. None of your information should be disclosed to your employer. If you’ve got further questions regarding employment checks, Pocket Cash encourages you to get in touch with your individual lender.

Why do I need to provide my online banking details? 

Wondering why you might need to provide a potential lender with your online banking information? Don’t worry, it’s not so they can look at your real bank account. Most online lenders will use your online banking information to access read-only copies of your bank statements. 

Bank statements provide a potential lender with an insight into your current spending habits, income and ability to make repayments on your car loan. Concerned about the security of your information? Reputable Australian lenders use bank-level encryption to ensure your personal information and passwords are secure. If you’ve got further questions regarding online banking details Pocket Cash encourages you to get in touch with your individual lender.

Can I get a car loan with bad credit?

It is important to remember that Pocket Cash is a lender finder and, therefore, we cannot speak on behalf of a potential lender. You will be pleased to know, however, that Pocket Cash has matched Aussies with lenders who could provide car loans for people with bad credit. 

Some online lenders prefer to take a realistic look at finance and might consider your current financial situation. Lenders could look at your relationship with money and whether or not you have made an attempt to reconcile bad credit. The goods news is, submitting an application with Pocket Cash is free of charge. So, why not see what we can do for you?

Will a potential lender check my credit score?

Yes, in most cases online lenders will conduct credit score checks on car loan applications. The good news is if your credit score isn’t in fantastic shape you could still be approved for a car loan. At Pocket Cash, we submit your application to a variety of different lenders. That means you get a better chance at approval. 

Pocket Cash has been able to match borrowers with lenders who could approve car loans with bad credit, however, this cannot be guaranteed. When you apply for a car loan with Pocket Cash we do guarantee that we’ll do our best to find you a car loan that matches your individual financial circumstances. 

What if I’m receiving Centrelink?

Worried that Centrelink payments could prevent you from gaining approval on a car loan? You’ll be pleased to know that Pocket Cash has matched borrowers with lenders who could approve car loans on Centrelink. In most cases, online lenders will take a look at how much of your income is from Centrelink payments while accessing your eligibility. Pocket Cash is a lender finder and can not speak on behalf of potential lenders. We do encourage borrowers receiving Centrelink to apply with Pocket Cash. Our team will do their very best to match you with a compatible lender.

Looking for car loans? 

Don’t have time to sift through pages and pages of Google search results? Say hello to Pocket Cash. We’re the lender finder more Aussies trust. Our team will take the stress out of finding a car loan. The Pocket Cash team understands that the world of online lending can be a confusing place. So whether you want to know if you’re eligible for a car loan, how to apply for one or just looking for more information in general, we’ve got you covered. 

What is a lender finder?

First things first, what actually is a lender finder. To put things simply, a lender finder is the middle-man between you and your perfect personal loan. When you apply with Pocket Cash, we’ll show your car loan application to a variety of different lenders. That means no searching the internet for an online lender who might give you a fair go at a car loan – Pocket Cash will do it for you. 

If we are able to successfully match you with an appropriate lender, our team will let you know ASAP! We’ll put you in touch with your new lender straight away so you can sign your agreement. In most cases, online lenders are able to provide you with the cash you need very quickly, once approved. So, if you’re looking for an efficient way to locate the cash you need for a car loan, why not turn to Pocket Cash?

What are car loans?

So, what exactly is a car loan and what do you need to know? A car loan is essentially just a personal loan that can be used to cover the expense of a car. At Pocket Cash, we do our best to match applicants with online lenders that can provide between $5,000 and $35,000 over a 1 to 5 year period. It is important to keep in mind that all online lenders are different and this is just a general idea of what you could be approved for. 

So, how does it work? If you’re approved for a car loan, your new lender will set you up with a repayment schedule which could be either weekly, fortnightly or monthly. In most cases, the repayment will be directly debited from your account. That means you don’t have to worry about remembering to make a repayment. It is important to remember that car loans attract interest payable on top of the loan amount. At Pocket Cash, we encourage all borrowers to read through their agreements carefully before signing – you must make sure repayments fall within your desired budget.

Who is eligible for a car loan?

Good question! At Pocket Cash, we prefer to keep our application criteria as simple as possible. All we ask is that you meet the requirements below and you’re eligible to apply! All applicants must:

• Be over 18 years old;
• Be an Australian citizen or permanent resident;
• Have a driver’s licence;
• Be receiving a regular work income into a personal bank account for the last 3-months;
• Have an active phone number or email address. 

If you meet the above criteria, the Pocket Cash team encourages you to submit an application. Let us help you find a compatible lender!

Will I need to submit paperwork?

No! When you apply with Pocket Cash we won’t ask you to fill out any paper forms. Our application process is 100% online! All required documentation can be submitted through our online application form. If you’d like to make the process as speedy as possible we recommend you have the following handy: 

• Online banking details; 
• An active email address and mobile number;
• The reason you are applying for the loan; 
• Your MyGov details (if you are receiving Centrelink payments);
• Employer and contact details. 

If you’ve got questions we encourage you to get in touch with the Pocket Cash team or your individual lender. 

Secured vs. unsecured car loans 

Not sure which loan option is right for you? There is a lot to consider when it comes to secured versus unsecured car loans. Let us make things a little easier. 

Secured car loans 

A secured car loan requires collateral as a form of insurance against the loan – hence the term ‘secured’. Often people use assets like cars, motorbikes or boats to secure their loans. However, when applying for a car loan, lenders will typically ask that you secure your loan with the car you’re purchasing. 

A secured loan is usually a larger amount of cash and therefore is a bigger risk to the lender. Collateral acts as a guarantee that the borrower will repay the loan. In most cases, if the loan is not repaid over the agreed-upon period of time the lender has the right to take ownership of whatever collateral is against the loan. It is important to remember that all lenders are different. We encourage borrowers to chat with their individual lender regarding policies and procedures related to secured loans.

Unsecured loans 

Unsecured loans, as the name suggests, do not require collateral as security against the loan. In most cases, unsecured loans are for smaller amounts of cash and, therefore, are of less risk to the lender. Unsecured loans do traditionally attract a higher rate of interest so it is important to assess your budget before signing an agreement. Pocket Cash encourages borrowers to chat with their individual lenders regarding whether or not an unsecured loan is right for their personal financial circumstances.

Will my lender do an employment check?

At Pocket Cash, we are a lender finder. That means our team can not speak on behalf of a potential lender, however, most online lenders will conduct an employment check when you apply for a car loan. There’s no need to stress though, this is usually just a routine part of the loan assessment process. All reputable Australian lenders will handle your personal information with sensitivity when conducting an employment check. None of your information should be disclosed to your employer. If you’ve got further questions regarding employment checks, Pocket Cash encourages you to get in touch with your individual lender.

Why do I need to provide my online banking details? 

Wondering why you might need to provide a potential lender with your online banking information? Don’t worry, it’s not so they can look at your real bank account. Most online lenders will use your online banking information to access read-only copies of your bank statements. 

Bank statements provide a potential lender with an insight into your current spending habits, income and ability to make repayments on your car loan. Concerned about the security of your information? Reputable Australian lenders use bank-level encryption to ensure your personal information and passwords are secure. If you’ve got further questions regarding online banking details Pocket Cash encourages you to get in touch with your individual lender.

Can I get a car loan with bad credit?

It is important to remember that Pocket Cash is a lender finder and, therefore, we cannot speak on behalf of a potential lender. You will be pleased to know, however, that Pocket Cash has matched Aussies with lenders who could provide car loans for people with bad credit. 

Some online lenders prefer to take a realistic look at finance and might consider your current financial situation. Lenders could look at your relationship with money and whether or not you have made an attempt to reconcile bad credit. The goods news is, submitting an application with Pocket Cash is free of charge. So, why not see what we can do for you?

Will a potential lender check my credit score?

Yes, in most cases online lenders will conduct credit score checks on car loan applications. The good news is if your credit score isn’t in fantastic shape you could still be approved for a car loan. At Pocket Cash, we submit your application to a variety of different lenders. That means you get a better chance at approval. 

Pocket Cash has been able to match borrowers with lenders who could approve car loans with bad credit, however, this cannot be guaranteed. When you apply for a car loan with Pocket Cash we do guarantee that we’ll do our best to find you a car loan that matches your individual financial circumstances. 

What if I’m receiving Centrelink?

Worried that Centrelink payments could prevent you from gaining approval on a car loan? You’ll be pleased to know that Pocket Cash has matched borrowers with lenders who could approve car loans on Centrelink. In most cases, online lenders will take a look at how much of your income is from Centrelink payments while accessing your eligibility. Pocket Cash is a lender finder and can not speak on behalf of potential lenders. We do encourage borrowers receiving Centrelink to apply with Pocket Cash. Our team will do their very best to match you with a compatible lender.

Why choose Pocket Cash for car loans?

Still looking for a reason to apply with Pocket Cash? Check out the following…

100% online 

Yep, when we say 100% online, we mean 100% online. You won’t even have to leave the comfort of your living room to submit an application with Pocket Cash. Our application process has been designed to operate from almost anywhere there is an internet connection. All you need is a device. You could complete our speedy application form in just a few short minutes!

Fast outcomes 

At Pocket Cash, we understand you don’t have time to waste. That’s why our team is dedicated to providing fast outcomes on car loan applications. As soon as you submit your form we’ll show it to a variety of different lenders and do our best to get back to you ASAP. Keep in mind that if you apply during AEST business hours you could even have an outcome in just 60 minutes! 

What you see is what you get! 

At Pocket Cash, we’re committed to honesty and transparency with our customers. That means what you see is really what you get. No hidden fees or charges. Our helpful team is here to make your life easier when it comes to finding a suitable car loan. We encourage borrowers with questions to get in touch with our team during AEST business hours and we will do our best to get back to you as quickly as possible!

How does it work?

Wondering how it all works? Let us explain.

Apply online 

If you’re ready to get started with a Pocket Cash application all you’ll need to do is scroll up and click ‘Apply Now.’ You will then be directed to our car loans calculator. Using the slider, select the amount you’d like to borrow and the repayment period and hit ‘Next.’ You’ll then be taking to our 100% online application form. This could only take you a few short minutes to complete. 

We look for a lender 

That’s the beauty of Pocket Cash, we do the searching for you! Our team will show your application to a variety of different lenders so you get the best possible chance at approval on a car loan. If you choose to apply in AEST business hours, the Pocket Cash team could even have an outcome for you in just 60 minutes. 

Meet your lender

If our team has been able to match you with a suitable lender we’ll put you in touch ASAP. Your new lender will usually send over an agreement for you to review and sign. The Pocket Cash team encourages all borrowers to read through their agreement carefully and make themselves aware of the terms and conditions associated with their loan. Keep in mind that late fees may apply if you fail to meet your repayment schedule. 

Get your cash

In most cases, your new lender will deposit your car loan straight into your nominated bank account once they receive a signed copy of your contract. It’s that simple!

Why choose Pocket Cash?

Still looking for a reason to apply with Pocket Cash? Check out the following…

100% online 

Yep, when we say 100% online, we mean 100% online. You won’t even have to leave the comfort of your living room to submit an application with Pocket Cash. Our application process has been designed to operate from almost anywhere there is an internet connection. All you need is a device. You could complete our speedy application form in just a few short minutes!

Fast outcomes 

At Pocket Cash, we understand you don’t have time to waste. That’s why our team is dedicated to providing fast outcomes on car loan applications. As soon as you submit your form we’ll show it to a variety of different lenders and do our best to get back to you ASAP. Keep in mind that if you apply during AEST business hours you could even have an outcome in just 60 minutes! 

What you see is what you get! 

At Pocket Cash, we’re committed to honesty and transparency with our customers. That means what you see is really what you get. No hidden fees or charges. Our helpful team is here to make your life easier when it comes to finding a suitable car loan. We encourage borrowers with questions to get in touch with our team during AEST business hours and we will do our best to get back to you as quickly as possible!

Shopping around for the best car loan? You can make an informed decision by doing a car loan comparison!

Find easy loans with Pocket Cash!