When you apply for a car loan, the new car itself will be the security for your loan. Stadium Finance only offers secured loans, which also applies for their other loans too. It’s important to consider this as a factor, because if you’re unable to make the repayments, the assets that you’ve registered as security could be taken as the payment.
For a car loan, you’ll need to show them proof of your identity, your address, and your current income. Aside from this information, you’ll also need to provide more details on how much you want to borrow. When you apply online, a Stadium Finance team member will inform you if you need to provide more documents.
Repayment schedules are flexible, and you can choose the one that suits you best: weekly, fortnightly, or monthly. Your chosen bank account will be set-up with a direct debit to make these payments.