FAQs
Here are some of the more frequently asked questions which are posed to us about loans. If your question is not answered below, please contact us.
Applying For A Loan
Yes, although the term of your loan does need to end 3 months before the expiry of your visa.
Absolutely. We take privacy very seriously at UFS Direct; see our privacy policy
Yes we can definitely organise a pre-approval for you
We can usually get you an approval within 5 hours once all the information is collected
Simply complete the online application form. We will need to obtain your Privacy Acknowledgement ,Bank statement, drivers licence and payslips.
You can enquire now or simply complete the online application form.
For more information, submit an your enquiry by clicking on the enquire now button or simply Apply Now
Loan Approvals
Depending on your profile you may be eligible for a zero deposit approval. We will try to get the lowest deposit approval we can.
Most lenders have a condition where the Truck/Equipment cannot be older than 12 years at the end of the term of your loan.
Organise a time for you to sign the documents and usually within 24hrs you can take your car.
We do finance applicants with bad credit ratings. We specialise in this area and have numerous lenders who can assist.
TIP: Try not to put numerous enquiries on your credit file by applying to many lenders.
TIP: Try not to put numerous enquiries on your credit file by applying to many lenders.
To get a good credit rating it is best if you stay in your loan for a minimum of 6 months and show a payment history that is early or on time.
General Loan Information
Yes whenever there is finance on a Truck/Equipment you must have valid certificate of currency (insurance policy) covering you.
Yes if you are over 18 years and working full time. We process all our application forms thoroughly and if there is a problem we will contact you. In the meantime, simply apply and we can go assist you in your circustamces.
Yes we work with many Dealers to find you the perfect asset for your situation. Simply Apply online so we can begin to assist you.
Yes we can. However, for more information simply submit your enquiry online and we will contact you to advise.
This can depend on the visa/PR conditions individual to you. Please check out the department of transport website relevant in your State or Territory.
Loan Terms can vary from 2-5 years. In exceptional cases loan terms can be extended to 7 yrs
Truck/Equipment Finance is a specialised area and therefore Lenders prefer Truck/Equipment to be purchased from Dealers. However, submit your enquiry online and we can advise you.
Loan Interest Rates
Interest is calculated daily
Interest rate on your loan is dependent on your individual application. We endeavour to work with you to achieve the best result in your circumstances.
The interest rate is fixed.
Loan Payments
You can choose to make your payments via direct debit or BPAY.
You can make extra repayments via BPAY, Bank Cheque or Money Order.
Yes, interest is calculated daily, therefore the less you owe, the less interest you pay.
Call our office for further instruction on obtaining a Payout figure.
Usually it is a month after the settlement date. This depends on the finance company as there are some instances where we may be able to choose your first payment date.
Yes, all Lenders provide you with a copy of their Terms and Conditions which stipulate how loans can be terminated early. In most cases there may be an early termination fee payable for early payout.
