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Frequently Asked Questions

car loan in south australia

Most Frequently Asked Questions

Trusted mortgage lender for home loans in Adelaide?

Well, there are many good mortgage lenders in Adelaide. But Right Choice Finance is considered one of the reliable mortgage lenders for home loans. Due to their feasible financial solutions and flexible terms and policies. They definitely stand out as the trusted mortgage lender.

What do you mean by mortgage?

A mortgage is an agreement that is signed between a borrower and a lender. This agreement states that if the borrower fails to repay the amount with interest rates, then the lender has all the right to claim the borrower’s property.

What is the difference between next-time buyers and other financing options?

Next-time buyers are those who have a history of some significant purchases, such as existing homes or established commercial property. As they get the benefit of competitive rates and different repayment methods.

Is refinancing available for existing car loans?

Yes, you can refinance your existing car loan to get better terms, such as low interest rates or a longer loan term.

What deposit is required for a business loan in Australia?

A deposit is provided as a percentage of the wholesome amount. But around 20% is being asked for the deposit. Further, this figure can vary as per the lender and the course of the loan.

Can I get a loan approved even after a bad credit score?

Well, the chances are not very high, but it is possible. In the case of a bad credit score, if you managed to show all your income sources and ensure the affordability of repayments.