Online Car Loan Approval

Find your ideal car loan and lender with Savvy, complete our 100% online application and drive away in no time.

No obligation. It won't affect your credit score.
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, updated on July 4th, 2023       

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Compare and get approved for your car loan online

Time is valuable for all Australians, whether you’re working long hours or juggling your job and raising a family, which is why long and drawn-out car loan application processes can prove a real drain. That's where online car loan approval comes in: fast, simple and able to be completed from the comfort of your home or even on your phone while on the go, all in as few as 48 hours.

Savvy is with you every step of the way to ensure that you drive away with a car loan that’s affordable and suits your individual needs. Our smart technology and diligent consultants are key to finding the best finance offers tailored to you from our diverse and extensive panel of lenders. Simply fill out our quick quote, which will only take a few minutes, to get your application started today.

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The benefits of accessing car financing online with Savvy

Fast turnaround time

Once you’ve completed your initial application, our advanced online platform and expert consultants can help settle your loan with your lender in just 48 hours.

Apply from your smartphone

You can complete your application on the go, wherever you are. This includes documents, which can also be submitted online via our site.

Competitive interest rates

You can lock in an affordable car loan interest rate through one of our trusted lenders and save by comparing the top offers based on your profile.

Borrowing up to your car’s value

From as little as $5,000 all the way up to its sale price, including on-road costs like rego and stamp duty if you wish, you can access full financing for your car.

Select your repayment terms

You’ll have a maximum of seven years to repay your loan, or as few as one, and can select weekly, fortnightly or monthly instalments.

Choose any car across Australia

The online process and access to a nationwide lender network means that you’re not limited to purchasing cars in your city or state under finance.

Why so many Australians get approved for car loans through Savvy

How can I maximise my chances of a fast online car loan approval?

Get all your online car loan approval answers here

Does online car loan approval take longer?

No. In fact, online car loans are quite the opposite. They offer faster approval times than traditional car loan applications, with many loans getting assessed, finalised, and settled in either one or two working days.

Who can get online car loan approval?

Anyone who’s an Australian resident or citizen and aged 18 or over can apply to get approval for an online car loan. This is also based on whether the lender deems that the borrower is able to manage their loan repayments.

Which documents will I need to submit?

As part of your application, you’ll need to supply the following documents:

  • Passport and/or driver’s licence
  • Your previous two payslips
  • A Savvy application form
  • A signed consent form and credit guide
  • Your lender may also require 90 days’ worth of bank statements, but this isn’t the case across the board.
Can I get pre-approved for a car loan with Savvy?

Yes – we can help you with pre-approval with your car loan. This can last for 30 days all the way up to 90 and is a great way to enter negotiations on the purchase price of the car, as it gives you a concrete amount that your seller can’t really exceed.

What if I want to use a trade-in vehicle?

That’s absolutely fine. When you arrange online car loan approval, you can borrow exactly what you need for your new car purchase. If you’ve already agreed to trade in at the dealership, you’ll only need to borrow the price disparity between the cost of your new vehicle and your old one.

Can I get approval for a deposit or balloon payment with an online car loan?

Yes – you can use both, either or none of the above with an online car loan. Deposits and balloon payments both reduce the monthly amount you’ll need to repay during the term, but the balance of a balloon payment becomes due when that ends. At that point, you can repay the figure owing or refinance the residual amount. Deposits don’t just reduce your monthly costs; they also result in you paying less interest over the course of the finance agreement.

Can I apply for a car loan online with bad credit?

Yes – we’re partnered with flexible lenders who can work with customers who have struggled with their credit in the past. The options available to bad credit borrowers are more limited and come with a greater number of checks compared to customers with good credit, but you can still get on the road in no time through Savvy.

Can I estimate my loan repayments before applying?

Yes – you can utilise our car loan repayment calculator to give yourself a rough estimate of what you might be paying each month and overall. If you’re not sure how to account for interest and fees, you can add 2% to our lowest advertised rate (as above) to give an average rate and add $350 onto your loan amount for an average establishment cost. You can also add $3 or $4 onto each monthly instalment to cover your ongoing fees. Speak to one of our consultants to receive your personalised rate.

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