FINANCE FAQ's
How long will it take for my loan application to be approved?
The dealer will let you know within about an hour of submitting your application.
Can I get a loan approval before I’ve found the car that I want?
Yes – we know that some people like to know how much they can borrow before they go shopping for a car. Just talk to your Suzuki-authorised dealer who will arrange it for you.
Can I change the amount of my loan after it is approved?
Yes. If you want to increase the amount, it simply needs to be approved by Suzuki Finance (you won’t need to fill in another loan application). Just speak to either your Suzuki-authorised motor vehicle dealer who will organise it for you.
Do you offer insurance?
Yes. You can find out about our insurance products here.
What interest rates do you charge?
Our interest rates are competitive and vary depending on the amount borrowed, the loan term, and your credit history.
How long are the loan terms?
Our terms are flexible, ranging from six months to five years.
Is there a minimum loan amount?
$5,000 is our minimum loan amount.
Is there a minimum age for applying for finance?
Yes, you need to be at least 18 years of age.
Can I apply for finance with a learner’s driver’s licence?
No, the minimum driver’s licence we require is a restricted licence.
What if I have no credit history?
You may not need to have any previous credit history to get a loan with us; however, we may ask you to provide a suitable guarantor for your loan.
What if I have bad credit?
Apply for a loan with us and we’ll assess your application. If we’re not able to offer you finance, we may be able to recommend another finance company to deal with.
What is the security for my loan?
The security will be the car you’ve purchased, although we may ask for additional security or a guarantor.
Can I pay my loan off before the end of the term?
Yes, although we will charge an early settlement fee.
Can I change my repayment amounts during the loan term?
Yes. Call 0800 87 50 50 and we’ll see what we can do to change your loan to suit your circumstances (there may be a fee to restructure your loan).
What is a guarantor?
A guarantor is someone who agrees to pay your loan if you don’t keep up the payments.
Is there a loan establishment fee?
Yes. The loan establishment fee is $400. View the full fee schedule here.
