Get Answers to Your Finance and Insurance Questions

100 points of ID is a system used to verify your identity. It typically includes a combination of documents such as a passport, driver’s license, and utility bills.

Applying for a loan is simple. Start by filling out our online application form or contact us directly for assistance.

The amount you can borrow depends on your financial situation and the type of loan. We offer a range of options to suit different needs.

Veda (Equifax) is a data analytics business. As the leading provider of credit information and analysis in Australia and New Zealand, they act as the conduit between the data that they accumulate, and the insights that this data provides for their customers. The result of this process is empowerment. Their goal is to empower every one of their customers to make proactive, responsible and informed decisions, based on the insights they can provide.

Their core product offering includes the provision of credit reports in relation to individuals and businesses. From their stable core credit bureau business, Veda (Equifax) has expanded to deliver a suite of credit and other analytical products targeted to specific industry segment needs. Veda’s (Equifax) data includes credit information on 20 million individuals and 5.7 million commercial entities in Australia and New Zealand.

Veda (Equifax) has an international footprint in Singapore, Malaysia, Cambodia and Saudi Arabia. with over 40 years of history.

A credit score is a numerical representation of your creditworthiness. It is used by lenders to assess the risk of lending to you.

In Australia, a credit report is a record compiled by a credit reporting body (like Equifax, Experian, or illion) that details your financial history and how you manage credit. It includes personal identifiers, your repayment history on credit accounts (e.g., loans, credit cards, phone plans), credit inquiries, defaults, court judgments, or bankruptcies. Credit providers use this report to assess your creditworthiness and decide whether to approve a loan or credit application.

Some loans may have fees for early repayment. It’s best to check the terms of your specific loan agreement.

All loan repayments are direct debited from your Bank Account and are schedule to line up with your current pay frequency whether it is weekly, fortnightly or monthly, this may vary from lender to lender, some lenders will have the ability for you to choose between, manual payments, direct debt, Bpay, or salary sacrifice.

Yes, you can apply.

At Auto Link Finance we endeavour to give all our customers a fair go. Auto Link Finance processes your loan application based on your current financial circumstances and is more interested in your financial future than the past. So if you have a poor credit history, been bankrupt before or just been knocked back from the major banks why not give Auto Link Finance a go.

It is a requirement of the Uniform Consumer Credit Code (The Code) that a Consumer Loan Contract is used where a customer (individual) purchases a unit predominately (more than 50%) for personal, domestic or household use.

Customer Benefits

• Part of complete financial package including insurance
• Simple user-friendly documentation
• Ability to include accessories
• Finance the complete package

Loan Terms

• Minimum: 36 months
• Maximum: 84 months

Payments Structure

Payments on a Consumer Loan contract are on a weekly, fortnightly & monthly basis and calculated in arrears (i.e. the payment will start a month, fortnight or week after the settlement date).

 Ownership of Vehicle

Under the Consumer Loan contract the customer owns the unit however the lender takes security by way of a mortgage and registering their interest with PPRS (or the equivalent state body).

 Fixed Rate Contract

The interest rate on a Consumer Loan is fixed for the term of the loan.

A Finance Lease is best suited for business customers that want to reduce payments. With a Finance Lease only the original price of the unit (exclusive of GST) is financed. GST is then included on each subsequent repayment.

Residual values are set based on taxation guidelines or market conditions. The higher a residual value, the lower the repayments. The residual value at the end of the term will include GST. Legally no equity can be included & therefore deposits or trade-ins are not allowed.

Insurance or maintenance cannot be included in a Finance Lease Contract.

Customer Benefits

• Potential tax benefits
• Minimal outlay required, thus freeing up cash for other purposes

Lease Terms

• Minimum: 36 months
• Maximum: 60 months

Ownership

Goods are the property of lender with the client making payment on these goods for the fixed period of time.

Payment Structure

Finance Lease payments are calculated in advance, the first payment is due on delivery or the date the contract commences. Payments can be structured to meet customer’s needs for example Monthly, Quarterly, Half Yearly & Yearly.

End of Term

At the end of the term, the customer will be provided with the option to re finance the residual, make an offer for the unit or hand the unit back to the lender. The customer will be required to pay any shortfall that results from these options.

A rental contract is best suited for business customers who want fixed repayments, have costs maintenance included & no residual risk. Payments are calculated on the GST exclusive amount with GST then included on each subsequent payment. All contracts are calculated in advance. The amount financed, interest rate or the residual amount is not revealed to the customer on a rental document.

Customer Benefits

• No risk or responsibility for disposing of the unit
• Fixed rentals protect against inflation and provide accurate budgeting
• No large, initial capital outlay required
• Have the option to include a service/maintenance plan
• Payments can be claimed as operating expenses

Rental / operating lease Terms

• Minimum: 36 months
• Maximum: 60 months

 Ownership of the unit remains with the lender.

Payments Structure

Rental payments are calculated in advance, the first payment is due on delivery or the date the contract commences. Payments can be structured to meet customer’s needs for example Monthly, Quarterly, Half Yearly & Yearly.

 End of Term Options

• Negotiate a new rental term / payments
• Hand the unit(s) back with no recourse
• Make an offer for the unit(s)

A Commercial Hire Purchase contract is best suited for business customers with a trade-in or deposit who wish to ultimately own the unit. With Commercial Hire Purchase the amount financed includes GST, and monthly payments are calculated in arrears. The customer claims back the GST portion of the purchase price in their next GST return.

Customer Benefits

• Build up equity in unit
• Structure payments to suit individual needs
• Potential tax benefits for customers
• Customers can include accessories & insurance

Loan Term

• Minimum: 36 months
• Maximum: 60 months

Ownership of Unit – Title of the unit transfers to the customer once all payments are made.

Payments/Structure

Payments on a Commercial Hire Purchase contract are calculated in arrears.

Payments can be structured to meet customer’s needs for example Fortnightly, Monthly, Quarterly, Half Yearly & Yearly.

Business Declaration Form

If an individual requires a unit to be financed on a commercial contract, a business declaration form must be signed.

A formal approval means that once we have received all documents requested in your pre-approval, and they have been checked off, they meet all requirements by us and the allocated lender, your loan application has been completed in full, only at that time providing that we believe that your application has at least a 90% chance of a success with the lender, we will then release your application and all supporting documents to that lender, once the lender receives all relevant documents including your application, they will conduct their checks which should match with ours, and if all checks are done and acceptable based on their lending criteria, they will issue a formal approval which means funds are allocated and you will be able to proceed with your purchase.

Sometimes lenders may issue a formal approval with further conditions, this may vary from lender to lender and will depend on the type of loan you are applying for, some examples are, if its car loan, there may be a age restriction, there may also be a loan term restriction as well, in almost all cases the conditions that maybe imposed by the lender are standard and easy to comply with.

A formal approval can take anywhere from a few hours to a few days, there are many variables here that make a difference to the time frame, some obvious variables are:

Employment checks, this can at times take a while as it is depending on your employments payroll system and how quick they respond to our call, in all cases if there is a hold up in this area, we will contact you so that you may help speed up the process by speaking to your payroll officer or employer.

Rental and boarding checks can also hold up the procedure much the same as above

Other lender reference checks can also hold things up, if the other lender doesn’t respond straight away, sometimes to speed this process up, it is best to provide a loan statement.

Lenders being understaffed, this is sometimes a problem as lenders are no different to other business in the workplace, once you have some staff off work due to illness or other reasons, this can also slow the process down.

If a lender has asked for further supporting documents for some particular reason to help make their decision, and we either can’t get hold of you to obtain it or you are slow in getting what they have requested back to us, this can also hold up the process however it is rare but can happen.

There are a few other reasons which are extremely rare like computer system failure, internet down time, a system crash.

Other than that, generally formal approvals are quite quick when everything goes according to plan, which believe or not happens quite often.

Yes, if your car is financed, you are required to have comprehensive car insurance to protect the financier’s asset. This is because your car finance provider needs the vehicle to be protected against potential write-offs from accidents, theft, or damage, which could leave you still owing money on a destroyed vehicle