Question 1

Can I get a car loan with bad credit?

Accepted Answer

Yes. We specialise in lending to people with poor or limited credit history. We assess your whole situation, including your income and stability, not just your credit score.

Question 2

Who can apply?

Accepted Answer

You need to be 18 to 70 years old, and to be in stable employment or on stable income. We lend right across Australia.

Question 3

Can I apply if I receive a pension or Centrelink?

Accepted Answer

Often, yes. Stable, ongoing pension or eligible Centrelink payments can be considered as part of your income. We assess affordability across your whole situation.

Question 4

How much can I borrow?

Accepted Answer

Alpha Finance car loans range from $10,000 to $25,000 over terms of 3 to 5 years. The amount depends on your circumstances and the vehicle.

Question 5

Are there any fees?

Accepted Answer

Yes, and we explain them upfront. Your loan includes an application fee, a PPSR search and a monthly admin fee, all disclosed before you commit.

Question 6

Will applying affect my credit score?

Accepted Answer

Your application starts with a soft check that does not affect your credit score. We run a full credit check only if you pass our affordability assessment.

Question 7

How is the interest rate determined?

Accepted Answer

We assess your ability to repay and your credit score. Your bank statements help us understand your income and expenses. We confirm your fixed rate in writing before you sign.

Question 8

How long does a decision take?

Accepted Answer

A real person reviews every application, often with an answer within one business day of receiving everything we need.

Question 9

Can I choose any car?

Accepted Answer

Choose a car from a licensed dealership. At purchase, it must be no more than 10 years old and have travelled no more than 180,000 km.

Question 10

What documents will I need to complete my application?

Accepted Answer

You need your driver licence and bank account details to provide 90 days of bank statements. Our verification providers guide you through the secure process.

Question 11

How long does an application take?

Accepted Answer

The online application takes about five minutes. We then review it and tell you if we need more information.

Question 12

Can I get a car loan on Centrelink?

Accepted Answer

You can apply for a car loan on Centrelink. Eligible payments can form part of your income, including alongside wages. We assess your income, expenses and credit history before making a decision.

Question 13

Can single parents on Centrelink apply for a car loan?

Accepted Answer

Single parents can apply with eligible Centrelink payments, wages or a mix of income. We review your regular household costs and credit history. Approval depends on the full assessment.

Question 14

How do I apply for a car loan with bad credit?

Accepted Answer

Start your application online with your details and the car you want. We explain how to provide identity and bank statements. We assess your income, expenses and credit history. Approved loans fund cars from licensed Australian dealers.

Question 15

Can I get a car loan with defaults on my file?

Accepted Answer

You can apply with defaults on your credit file. We review their details alongside your current income, expenses and other commitments. Approval depends on the full assessment.

Question 16

What is the minimum I can borrow?

Accepted Answer

Alpha Finance car loans start at $10,000 and go up to $25,000, over terms of 3 to 5 years.

Question 17

Can I get a car loan on the age or disability pension?

Accepted Answer

We can consider stable, regular pension income as part of your application. As with any loan, approval depends on your full circumstances and affordability.

Question 18

How much can a pensioner borrow?

Accepted Answer

Loans range from $10,000 to $25,000 over 3 to 5 years. The amount depends on your income, expenses and the vehicle.

Question 19

Which Centrelink payments can be used?

Accepted Answer

We can consider eligible, regular Centrelink payments as part of your income. Tell us which payments you receive. We confirm what we can assess and what evidence we need.

Question 20

Can Centrelink be my only income?

Accepted Answer

You can apply if Centrelink is your only income. We review the payment type, amount and regularity alongside your expenses and debts. Approval depends on the full assessment.

Question 21

Can child support count as income?

Accepted Answer

Tell us about regular child support alongside wages and eligible family payments. We confirm which income we can consider and what evidence we need.

Question 22

Do I need a deposit?

Accepted Answer

A deposit is not usually required. A deposit or trade-in can reduce the amount you need to borrow and your repayments.

Question 23

Can I apply after a bankruptcy or a Part 9 agreement?

Accepted Answer

Once it is discharged, we can assess your application. Tell us the dates. We consider your current income, expenses and credit history.

Question 24

Is there an upper age limit?

Accepted Answer

Applications are open to people aged 18 to 70, inclusive. We assess affordability over your chosen term and discuss repayments that fit your budget.

Question 25

Can I apply with my partner?

Accepted Answer

We can consider both incomes in a joint application. Contact our team to discuss how to apply together.

Question 26

Can I buy privately or does it have to be a dealer?

Accepted Answer

The vehicle must come from a licensed dealership. We do not finance private sales. We will confirm the vehicle requirements during your application.

Question 27

What do I need to show you?

Accepted Answer

You need your driver licence and bank account details to provide 90 days of bank statements. We may also request statements for your payments.

Question 28

Does a part-time job on top of my payments help?

Accepted Answer

We consider your total regular income, including wages and eligible payments. Approval depends on your full circumstances and ability to repay.

Question 29

Can I apply on a single income?

Accepted Answer

You can apply with one income. We review your income, household expenses, debts and the car you want. Approval depends on the full assessment.

Question 30

Can I finance a larger family car?

Accepted Answer

Loans range from $10,000 to $25,000 for eligible vehicles from licensed dealerships. We explain your approved amount and repayments before you commit.

Question 31

Do eligible family payments count?

Accepted Answer

We can consider eligible, regular family payments alongside wages and child support. We will confirm what applies to your circumstances.

Car loan FAQs

Who can apply

Borrowing and costs

The process

Your situation