Help & Advice
Read on below for answers to questions we get asked all the time.
About the application process
About the approval process
About the settlement process
What is...?
At Fido Finance we have access to a large panel of bank & non-bank lenders. This means we have loans to suit any asset you’re wanting to purchase. Some of our loans include
- Car loans for new or used car
- Leisure loans for caravans, boats, jet skis or motorbikes
- Personal loans
- Secured or unsecured loans
- Chattel mortgage for any vehicles you are wanting to purchase for your business
- Equipment finance for all your business needs
- Cashflow loans
Fido Finance fetches you the best interest rate from our panel of lenders. We deal in wholesale rates so these change frequently and are based on your individual circumstances. Once we have secured you pre-approval we will be able to give you an answer on this.
After our initial chat we will be able to let you know exactly what is required. Most of our clients find they only need to provide their drivers licence & 2 most recent pay slips. We can secure your pre-approval with just that.
We can help you secure a loan whether you have financials or not. If you don’t have financials, don’t worry: we can still get you approved at great rates. These loans are often called no-doc, lo-doc or self dec loans. We help explain your situation to the financiers so that you can get finance for your next vehicle.
Once pre-approved, you can confidently go shopping for your new vehicle knowing that it will fit within your budget. As soon as you have found the vehicle you wish to purchase, just let us know and we will help take care of the rest.
Why is...?
Getting pre-approved before you go shopping for your new vehicle means you have more confidence in purchasing and a stronger position to negotiate. Sometimes our clients are surprised that the budget they have actually allows them to buy a much better vehicle than they thought.
How long...?
This depends on a number of different factors. The financiers take into account income, household expenses, other debt as well as your employment and residential status. As part of your pre-approval, we will discuss this in more detail and let you know your borrowing capacity based on your individual circumstances.
We can have you pre-approved within 1 hour and have your loan settled on the same day.
We have loans up to 7yrs. This lets us help you find the repayments that best fit your budget.
Do you...?
Yes. We have access to new and used car loans. At Fido Finance, we can finance any car from new exotic vehicles to classic cars that your grandparents would have bought new… and everything in between!
If you take out a secured loan, you will need insurance for the vehicle you are purchasing. Don’t worry, we can also include this in your repayments so that you have one manageable payment each month.
Can I...?
Yes. We have the ability to refinance current loans that you may have. Give us a call and we will show you how much money you can save by restructuring your current debts.
Of course. Most of our financiers understand that you can get a great deal buying privately, and have loans for this. If you are buying privately, we will also help you with the paperwork and check that the vehicle doesn’t have any encumbrances on it.
Yes. It is a great idea to get pre-approved before buying your next car. By getting pre-approved, you know how much you can borrow and can purchase the car with confidence knowing that it fits within your budget.
