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Motor Vehicle Finance
SAM Loans offers standard motor vehicle finance for loan amounts from $10,000 for new and used cars. Used vehicles cannot be more than 10 years old at the end of the finance contract, however, some prestige vehicles may be an exception.
How do I apply?
The application requirements for SAM Loans motor vehicle finance are readily compliable and include:
Fully completed application and privacy act forms;
Copy of current drivers licence for all borrowers;
Two most recent payslips or tax returns, or full typed letter of employment, confirming position, date of employment along with gross income per annum, and;
Photocopy of rates notice and vehicle registration.
Do I need to have a deposit?
'No Deposit' finance is available provided you have:
A stable work history;
A clear ability to service the loan commitment;
Some form of asset backing, home owner / buyer, or previous good referable finance history, and;
An acceptable supplier.
Applications outside these guidelines may require a deposit or an asset backed guarantor.
When wouldn't I qualify for SAM Loans Motor Vehicle Finance?
In certain circumstances SAM Loans may not be able to extend finance.These include:
The importing of private vehicles;
Sale and lease back - these vehicles can be financed only if purchased from a dealership in the last two months, vehicles purchased privately cannot be financed in this way;
Applicants who have unpaid defaults, and;
Applicants who are not Australian citizens or permanent residents.
Equipment Finance

SAM Loans offers commercial borrowers plant and equipment financing from as little as $10,000.

Commercial borrowers can apply for SAM Loans plant and equipment financing from $10,000 to $200,000 to purchase new or update their existing equipment by fulfilling the following application requirements, which include:
Fully completed application and privacy act forms;
Asset and liability statements from all company directors;
Brief profile on company or individual borrowers;
Copy of current drivers licence for all borrowers;
Two years company financials, which must include profit and loss balance sheets;
Individual borrower's last two year's tax returns;
Company year-to-date management reports if less than four months until the end of the current financial year;
Schedule of current commitments;and
A full description of what is being purchased and for what purpose.
Is finance available for amounts above $200,000?
To qualify for finance over $200,000, your company will have to fulfil the following requirements:
Full five year history of company financials and company directors¡¯ tax assessments, and;
Full break description of what is being purchased, for what purpose, how it will benefit the clients¡¯ business and whether it is replacing any existing equipment.
Download Forms
Finance Leasing Application
 
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