Car Loans for Healthcare Workers
Car finance options for healthcare workers
Looking for fairer, more cost-effective car loans as a healthcare worker? The good news is that there are plenty of options on the market available to you that are fast and affordable to source. Find out more about car loans for healthcare workers and whether you’re able to access the best deals to suit your car finance needs with Savvy.
Features and benefits
You apply for the amount you need, which can be up to 100% of the price of a new car.
You repay a car loan over a set period, which can be anything from one to seven years.
Car loans can be unsecured or secured. The latter is far more common and tends to be cheaper to service because your vehicle acts as security for your borrowing and lessens the lender’s risk. Loans also come with variable or fixed interest rates.
Fixed rates tend to be easier to budget for because repayment amounts don’t change from month to month or year to year.
Why do healthcare workers compare car loans with Savvy?
Your car loan application process explained
First up, speak to a Savvy consultant and they’ll help you identify the most cost-effective loan options available. They’ll also advise you on how to navigate the application process and provide support all the way up to loan settlement with your lender. Alternatively, you can get a quick quote on our website, filling out a few details about yourself, after which one of our consultants will be in touch with you.
Applications for healthcare worker car loans are carried out entirely online. Borrowers just need to fill out a simple form, explaining how much they’re looking for, the period over which they expect to repay the loan and information about the car they’re looking to buy. They can then upload all the supporting documentation required via the web, which includes:
- That can be a driver’s licence, passport or another government-issued item.
- Proof of address. You can use a recent phone or utility bill, for example.
- Your Medicare card, primarily to confirm your residency status.
- Statements for your mortgage, if you have one, and details of any other borrowing, including credit and store cards.
- If you have assets, such as shares, property, or other vehicles, you will need to supply details of that.
- Your last 90 days’ worth of payslips.
- Your past few months’ worth of bank statements.
You’ll also need to provide details about your new car as part of the initial application process. Once your loan is settled, you will also need to supply a copy of the invoice before your car loan can be settled.