How Long Does Car Loan* Pre-Approval Last?

Your pre-approval is valid for up to 30 days - here's how to make the most of it.

So you've been pre-approved for a car loan with First Credit Union - congratulations! Over the next 30 days you can find your car, agree on a price, and complete the purchase.

At first, 30 days can seem like plenty of time, and for most people it is. It is important to understand what needs to be done in that 30 days to help you avoid any surprises.

Tips to Make the Most of Your 30-Day Pre-approval

Start with a shortlist, not a wishlist. Before your pre-approval comes through, do your research. Know the makes, models, and price ranges you're interested in so you can move quickly once you're approved.
Use your approval amount as your ceiling - not your target. Your pre-approval tells you the maximum you can borrow. You don't have to spend it all. Staying under that figure can mean lower repayments and more breathing room in your budget.
Keep us in the loop if anything changes. Taking on new debt, changing jobs, or making large purchases during your pre-approval window could affect your final loan approval. Keep your finances steady until the car is yours.
Have your paperwork ready. When you find the right car, you'll want to move quickly. Having your ID, vehicle details, and any dealer quotes on hand helps us finalise things fast.
We're available 7 days a week. Car shopping often happens on weekends. Our team is available to help finalise your pre-approved car loan and release funds when it suits you - not just during business hours.

Ready to Apply - or Need to Renew?

Whether you're starting fresh or your pre-approval has lapsed, applying is simple. You can apply online or visit your nearest First Credit Union branch.

*First Credit Union Incorporated is not a registered bank. Normal lending criteria and T&Cs apply. Subject to responsible lending enquiries. Third party fees of up to $29.90 per applicant may apply. Normal interest rates range from 10.95% p.a. to 18% p.a.