Key highlights
- Same-day pre-approval possible for straightforward applications
- Many deals settled within 24 to 48 hours
- Have ABN, ID, financials and vehicle details ready
- A broker matches you to a likely lender to save time
When you have found the right vehicle, waiting on finance is frustrating. Approval times vary, but several factors are within your control. Here is what shapes the speed and how to keep things moving.
What affects finance approval speed?
The type of finance, the documentation required, and how complete your application is all influence timing. Straightforward applications with streamlined documentation may move quickly for eligible applicants, while more complex situations understandably take longer, subject to lender criteria.
How can you speed up approval?
Having your ABN details, identification, financials and vehicle information ready upfront removes back-and-forth. Responding promptly to any lender questions also keeps the process on track. Preparation is often the biggest lever on speed.
How does a broker speed up approval?
By matching your application to a lender likely to approve it, a broker reduces the chance of a decline and a fresh start elsewhere. That targeting can save time compared with applying blindly to several lenders.
How do you get fast finance approval?
In a hurry? Simon at Overdrive can move quickly across a panel of 80+ lenders. Request an obligation-free quote. It is a soft check that will not affect your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.