Blended Finance
Car Loan Pre-Approval Guide
Pre-approval gives you a borrowing range before you choose a vehicle. It helps you set a realistic budget and negotiate with confidence because your finance baseline is already assessed.
What pre-approval does and does not do
Pre-approval is usually conditional. It confirms a likely borrowing range, but final approval depends on the specific vehicle, full document verification, and lender policy at settlement.
- Set a realistic price range before you shop
- Move faster when the right vehicle appears
- Avoid repeated full applications across lenders
- Understand repayment expectations early
- Reduce emotional overspending pressure
Documents to prepare early
Prepare full evidence upfront to reduce back-and-forth once you pick a car. Complete and consistent documents can materially reduce approval time.
| Document | Why lenders need it | Common issue to avoid |
|---|---|---|
| Payslips or income statements | Verify repayment capacity | Mismatched income dates |
| Bank statements | Check spending and account conduct | Missing pages or gaps |
| Photo ID and address proof | Regulatory compliance | Expired identification |
| Debt schedule | Assess debt-to-income profile | Omitting personal credit lines |
Next steps
Use this guide as a framework, then compare at least two full offers with the same assumptions before you commit. If you want support, our team can help you match structure, rates, and fees to your profile.