You can apply for a car loan if you’re self-employed. When applying for a loan, you may need the following:
- A copy of your driver’s licence
A valid driver’s licence will be required to verify your identity. - Proof of your monthly income
Lenders will need to know you can handle the payments when you are granted the loan, so you may need to provide bnak statements or tax returns depending on the lender. - Proof of residence
Another step in the identity verification process, the lender may need to know you live at the address listed on your driver’s licence. - Personal references
Whilst not a requirement by all lenders, some will ask for personal references from friends, family, co-workers etc. so be sure to have some contact information readily available.
Do you have any lingering questions that weren’t covered above? The team at LifeX are readily available to answer any further questions you may have. Feel free to give us a call on 1300 957 421 or reach out at any time at info@lifex.com.au to learn more.
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