What is a vehicle loan?

A vehicle loan is a type of finance you can use to buy a car, motorbike, boat, campervan, or other vehicle — whether it’s brand new or pre-owned. Instead of paying the full cost upfront, a loan allows you to spread repayments over time, making it easier to manage within your budget.

With structured repayments, clear terms, and fast approvals, a vehicle loan gives you the confidence to get moving sooner.

What types of vehicle finance do you offer?

We provide flexible finance solutions for:

• New and used cars

• Motorbikes

• Boats and marine craft

• Caravans and campervans

• Tailored loans to suit your budget

Our wide lender network allows us to find competitive rates and repayment terms that work for you.

Can I get a vehicle loan if I have poor credit history?

Yes — although approval isn’t guaranteed, having a vehicle as security can increase your options. The vehicle provides collateral, which may help mitigate the lender’s risk.

We work with multiple lenders, some of whom specialise in helping customers with bad credit car loans or limited credit history. We’ll be upfront about what’s possible for your situation.

How much can I borrow?

Loan amounts typically range from $5,000 to $150,000, depending on your income, expenses, and credit history.
Our Business Managers will help you find the right balance between your budget and the loan terms.

Can I refinance an existing vehicle loan?

Yes — refinancing allows you to move your loan to a different lender, even if your vehicle is currently under finance.

You might refinance to:

• Reduce the total cost of your loan

• Lower your weekly or monthly repayments

• Access better loan terms

Before refinancing, it’s important to check:

• Early repayment fees on your current loan

• Any new setup fees from your new lender

• Whether the overall savings outweigh the costs

How long does the approval process take?

We aim for fast car loan approvals, often within the same day when all documents are provided promptly.

What should I consider before applying for a vehicle loan?

Think about:

• Budget – What repayment amount feels manageable?

• Loan Term – Shorter terms reduce interest but increase repayments.

• Purpose – Your vehicle choice and intended use can impact lender approval.

What’s the difference between iloan and dealer finance?

Unlike dealer finance, iloan pre-approves you so you can:

• Buy from any dealer or private seller

• Shop with confidence and negotiate better deals

• Have more control over your loan terms

Do you offer insurance as well?

Yes, we can arrange:

• Comprehensive vehicle insurance

• Mechanical breakdown cover

• Loan protection insurance

This means you can sort finance and protection in one place.

How do I start the application process?

You can:
📞 Call 0800 456 2647 (ILOANHQ)
📧 Email hello@iloannz.com
🖥 Apply online via our quick form

We’ll guide you through the process and keep it as simple and stress-free as possible.