While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
Your initial application uses a ‘soft’ credit check and will not affect your credit score. We will assess your application before submitting it to a lender of your choice to make sure we send it to the most suitable lender. Only then will your selected lender complete a ‘hard’ credit check.
Yes! With CarClarity getting a car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.
The application takes 10-20 min to complete. Get your application submitted to the lender you choose on the same day for approval.
