How long does it take for finance to get approved?
Generally a couple of hours upon receipt of the application. Dependent however on the complexity of the application it may take a little longer, particularly if we are waiting on further information.

What information do I need to provide when I sign the documents?
1. Current drivers license showing your current address
2. 2 of your most recent payslips or a letter from your employer
3. Most recent rent statement showing payment
4. Rates notice (if home buyer)
5. 2 other forms of identification
6. Comprehensive Insurance policy if not organised by NFC
7. Bank details for direct debit, i.e. BSB no. & account no.

Do I have to buy a car from a dealer?
These days you are able to finance most cars through any introducer being, Motor dealer, auction house, or privately.

What are the pitfalls of buying a car privately?
Generally there are two main issues when buying a car privately. The first is to obtain clear title on the vehicle. You should always check with REVS to see if there is any money owing on the vehicle. If you are unsure how to do this please contact one of our friendly staff who will only be too happy to assist. The second issue is the history of the vehicle and how well it has been maintained. NFC always recommends that you should get the car independently checked out by a reputable organisation such as RACV, NRMA, RACQ etc. REVS can also tell you whether the car is a repairable write off. NFC can also provide a warranty on the vehicle which will then provide you with comfort just as if you had bought it from a dealer.

What interest rate would I pay?
NFC has extremely competitive interest rates which in some case are the best in the market. Interest rates may vary however, dependent on which risk category you fall into.

Do I have a choice of lenders?
Certainly, NFC has a wide range of products in the marketplace which covers diverse sections of the marketplace.

What’s the difference between Personal & Business use?
If you can prove to the ATO that you utilise your car for 50% or greater for business use then you are entitled to engage in a business loan such as Commercial Hire Purchase (CHP), Lease, Chattel Mortgage or Novated Lease.

How do I make monthly repayments?
There are a variety of methods including deposit book, Bpay and Gyropost however the most common is by form of a direct debit. You are also able to make payments weekly, fortnightly or monthly to fit in with your lifestyle.

If you have any questions that are not displayed above please contact one of our expert staff on 1300 632 632