Coastal Bike Co & Coastal Electric Bicycles

Estimate your weekly repayments!

How to use Ausloans' Loan calculator?

Select the total amount you want to borrow and how many years you would like to pay the loan. Next, select the exact amount you would like to contribute with a deposit for your loan. A deposit is not required but recommended.

Interest rate: We suggest selecting an interest rate higher than the minimum rate we offer. For example, at Ausloans interest rates start at 5.79% p.a*. However, consider this is available only for excellent credit profiles.

Balloon Payment: A balloon payment allows you to reduce your repayments during the loan term by making a one-off lump sum payment at the end of your loan.

How much do you want to borrow?

$

Interest Rate?

%

Over how many years?

Years

How much deposit do you want to add?

$

You want repayments as

Balloon repayment

Balloon Final Payment

$

Balloon Percent

%

What is Ausloans?

We are the largest privately-owned finance brokerage and aggregation business in Australia. Through our multi-award-winning fintech software ZINK, we qualify online car finance applicants and search for loans from a panel of 40+ lenders to find the right product. Our team of more than 150 asset finance brokers around Australia work on the applications until settlement, guiding our customers and answering their questions through the whole process.

What is the difference between applying for a loan with Ausloans or a bank?

We are a multi-award-winning independent finance group that believes in helping people achieve their dream or goal with a holistic finance solution. Whereas a bank offers you a fixed solution with a single lender, we compare within a panel of 40+ lenders to find the best car finance rates for your specific circumstances. Once you're matched with a lender, you're assigned to a professional car finance broker from a team of more than 150 asset finance brokers around the country.

What do your interest rates start at?

Our car finance interest rates can vary depending on the age of the asset you are buying, your credit file, credit score, assets and liabilities. Our rates start as low as 5.99%* for new vehicles for business and consumers.
_{* based on a commercial contract for a new vehicle with specific criteria.}

Do I need to purchase the product from Ausloans?

Not at all. You can source your own product and apply for finance with Ausloans.

Ausloans offers a holistic solution for car loans; from sourcing a vehicle to new and used car finance at the most competitive rates. If you would like assistance with your vehicle, we can introduce you to our national dealer network.

Do I qualify for finance?

To qualify for finance you need to:

Be over 18 years old.
Be an Australian citizen or permanent resident*
Be currently employed**
Earn at least $400 per week (after tax)
Not be in an undischarged bankruptcy or part 9 debt agreement.

*We may be able to help if you have a visa with more than 2 years remaining.
**Min 1-month permanent employment (full or part-time) with continuation of the same industry (probation periods may be considered) - Or 6 months casual employment.
*** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.

What documents do I need to apply?

Making an application is quick and easy. You just need to have the following documents ready to give to your broker:

Current Australian Residency Identification
Two recent payslips
One current bank statement

Can I get a loan if I am bankrupted?

Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged or more than half of your bankruptcy period has passed we can be able to assist you. Click here for an assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution.

Can I still get a loan if I am self-employed?

Yes, you can. If you are self-employed, you can borrow 100% of your purchase value and include extras such as insurance and extended warranties.

How long does the process take from application to approval?

The entire process, from completing our application form to approval, and your chosen seller receiving funds in their bank account, can be done as quickly as only a few hours. However, consider actual turnaround times will vary significantly depending on many factors; lender turnaround times, contactability of the applicant, strength of the applicant's profile, gathering the required documents, additional information required by the lender, etc.

Our online application takes 2 minutes to fill out, once completed our customer service team will call you within the next 2 business hours to pre-approve you and transfer you to an assigned broker. Lender settlement times can vary from instantaneously up to three days depending on current customers' queues.

Can I get approved if I have bad credit?

Yes, you can get approved for a bad credit car loan. At Ausloans we believe in assessing your circumstances and finding a solution that best suits you, so if you have bad credit or you are currently on Centrelink we might be able to help you. To help bad credit car finance applicants or Centrelink car loan applicants, we created 1800Approved; an established car finance brand specialising in credit rehabilitation for mid and subprime lending for both consumer and commercial applicants. We do this with the help of our 40+ lender portfolio, so give us a call or click here for an assessment that will not damage your credit score.

Is my credit score affected if I am declined?

At Ausloans, unlike a bank, we do not leave an impression on your file as part of our assessment so it will not show on your credit file as a “declined” if your application is unsuccessful. But be aware that more than 6 enquiries in a 12-month period may affect your application for finance.

Do late payments affect my Credit Score?

The short answer is yes, if your repayments are 14 days overdue or more then this will most likely be recorded on your credit score.

Can I pay out my loan early?

Yes! Many of our loans give you the option to pay your loan off before the term is up. Speak to one of our financial professionals to tailor a solution for you.

What is a balloon payment?

A balloon payment allows you to reduce your repayments during the car loan term by making a one-off lump sum payment at the end of your loan. For example, if you were to take a $30,000 loan over five years with a 30% balloon, your regular repayments at a comparison rate of 8.10% would drop from $609.73 per month to $467.24 per month with the addition of a $9,000 lump sum payment due with your final payment. Balloon payments are available for cars that are up to five years of age. We will contact you within the last six months of your loan term to discuss your payment options. Your payment options could include refinancing the balloon amount in a new car loan. Alternatively, you could pay this balloon payment from your own funds.