Stratton Finance Car Loans
What car loans does Stratton Finance offer?
At the time of writing, Stratton Finance offers one car loan product, a secured car loan. This loan offer the following features:
- Terms ranging from one to seven years
- Fixed interest rate
- Ability to qualify for a balloon or residual payment
Is your car eligible for a secured loan with Stratton Finance?
To be eligible for a secured car loan with Stratton Finance, your application will be subject to its normal lending criteria. Generally, your chosen vehicle might need to be:
- For personal use
- Less than seven years old
- A new or used vehicle
Check the product disclosure statement (PDS) for Stratton Finance’s car loan criteria.
Does Stratton Finance also offer personal loans?
Yes, Stratton Finance offers unsecured personal loans designed for the purposes of purchasing a car as well as its secured car loan product. Stratton Finance says you can use its personal loans to fund the purchase of a car or any asset of your choice.
You can compare personal loan products on Canstar’s database:
What are the minimum loan amounts on Stratton Finance car loans?
Stratton Finance says you must take out a car loan of at least $2,000. Stratton Finance does not specify a maximum loan amount on its website.
What loan terms does Stratton Finance offer for car loans?
Stratton Finance offers terms ranging from one to seven years on its secured car loans.
How to apply for a Stratton Finance car loan
You can apply for a Stratton Finance car loan or personal loan via its website. Before committing, you may want to consider comparing your car loan options with Canstar.
When applying for a car loan with Stratton Finance (or most provides in Australia for that matter), you generally need to meet the following criteria:
- The car must be for personal use
- You must be 18 or over
- You must be a permanent Australian resident or valid work visa holder
- Currently employed with a stable income
- Have a good credit rating and not be bankrupt
In addition, you may also have to meet the minimum loan amounts specified by the provider (see above). You may also need to provide documents and ID such as:
- A current driver’s license
- Details of your current and previous (if applicable) employer
- Details of your income, assets, expenses and liabilities
- Previous tax returns if you are self-employed
About Stratton Finance
Stratton Finance is a provider of personal and business finance for a range of vehicles including cars, utes, boats, jet skis, caravans and RVs. In 2014, Stratton Finance became part of the carsales.com network.