Car finance can feel confusing – especially if you’ve never taken out a loan before. At Hanna Lending Services, we help Australians get behind the wheel with fast, stress-free car loans tailored to their needs. Here’s a breakdown of how it all works.

1. What is a car loan?

A car loan is a secured loan that lets you borrow money to purchase a vehicle. The car itself is used as security, which helps keep interest rates lower than unsecured options. You repay the loan in instalments (weekly, fortnightly or monthly) over an agreed term – usually between 1 to 7 years.

2. Who offers car loans?

Car loans can be sourced from:

Banks and credit unions
Dealerships
Personal finance brokers (like us)

While banks and dealerships offer standardised products, brokers like Hanna Lending Services work for you – finding tailored solutions from a range of lenders, often with better rates and faster turnaround times.

3. How much can I borrow?

This depends on:

Your income and expenses
Your credit history
The value of the car
Whether it’s new or used

We’ll assess your situation and help you understand your borrowing capacity upfront.

4. What do you need to apply?

You’ll typically need:

Proof of ID
Proof of income (e.g. payslips, tax returns)
Details of the car (if already chosen)
A clear understanding of your monthly budget

At Hanna Lending, we make the process simple and guide you through each step.

5. What about balloon payments?

A balloon payment is a lump sum due at the end of the loan. It can reduce your repayments during the loan term but needs to be planned for. We can help you weigh the pros and cons based on your budget.

Ready to finance your next car?

Whether it’s your first vehicle or an upgrade, we’re here to help you find the right loan, fast. No pressure, no confusion, just honest guidance and quick approvals.

👉 Apply online in under 30 seconds or contact us today to chat.

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Nathan Hanna

Director

Nathan has 10 years experience as a finance broker, helping Australians find the right loan. Nathan will work with you to get your next asset or personal finance.