At Metro, we believe in providing personal, tailored finance backed by real human customer experience. That means we offer our customers fast turnaround times and service you can count on.
There are lots of reasons why a pre-owned vehicle is right for your needs. Perhaps it’s your first car, or maybe you’re looking to refinance from a previous loan.
Whatever the situation, Metro has you covered with finance that suits you. Some of the many benefits our customers enjoy when financing with Metro include:
Metro Finance is an award-winning non-bank lender and your go-to for used car loans. We’ve financed over $10 billion in loans and helped over 120,000 customers.
Working with trusted brokers, we aim to make personal finance reliable by providing efficient and tailored loans for individuals. We are Australian owned and independent, giving our brokers and their clients an alternative to traditional bank funding.
Thinking about a used car loan with Metro? Before you get started, make sure you meet the following eligibility requirements:
Thinking about another type of car financing other than a second-hand car loan? Metro can help with that too. Some of the other methods of vehicle financing we offer include:
Don’t just take our word from it. Hear from one of our 120,000+ customers on what makes financing with Metro a breeze.
On top of offering competitive used car loan rates, Metro can help with loan amounts anywhere between $5,000 and $250,000.
Your broker will be able to advise what documents you’ll need for a used car loan with Metro as part of your application, but usually we require:
For the initial assessment:
Some extra documents that we may need:
Introduce documents needed for initial assessment:
Introduce extra documents that may be needed:
We know that applying for a personal loan can be confusing at times, even daunting – that’s why we work hard to ensure we provide our customers with a seamless, simple and transparent application process, supported by our accredited brokers who are experts in securing finance and do the heavy lifting for you throughout the loan application process.
To be eligible for a Metro loan, you’ll need to show evidence of savings history and your general financial position with three months’ worth of bank statements. In addition, you need to be under 25 years old and have no previous finance greater than $5,000 payable in fixed instalments.
Definitely! You can apply jointly for a used car loan with Metro. In order to be eligible for a joint loan, applicants must be married or in a de facto relationship and reside at the same address. When assessing a joint loan application, we will use the credit score that is greater of the two.
As the name suggests, a secured car loan is offered when a bank or lender has security over the asset it is providing a loan for. In this case, the car. If for whatever reason you were unable to repay the loan, the lender would be able to resell your vehicle to recoup the money it loaned you.
With an unsecured car loan, the lender has no security over the vehicle, and no straightforward way to recover its costs if you cannot make the repayments, which means that it will usually offer lower borrowing limits, higher interest rates, and shorter loan-repayment terms.
To learn more about secured and unsecured car loans, head to our dedicated info page on the subject.
If you’re ready to get behind the wheel, we’re here to help.
To find out more about used car loans at Metro, click here to get in touch or give us a call on 1300 362 627.
