Zoom Finance Blog
Can I Get a Loan If I’ve Recently Changed Jobs or Just Started Working?
Starting a new job or recently switching roles is an exciting time, but it can also raise concerns when applying for a loan—especially if you’re dealing with bad credit.
At Zoom Car Loans, we understand that life changes don’t wait for perfect timing.
The good news?
Yes, you can get a car loan even if you’ve just started a new job.
- Why Lenders Care About Employment History
When lenders assess your car loan application, they want to see that you can repay the loan. A stable employment history is one way they gauge this, but it’s not the only factor.
For those with a new job, some lenders may hesitate because they see it as a risk.
At Zoom Car Loans, we work with a network of lenders who understand that starting a new job is often a step toward financial stability—not a risk.
2. Factors That Can Help You Get Approved
Even if you’ve recently changed jobs or started working, there are ways to improve your chances of loan approval:
- Consistent Work History: If you’ve been in the same industry or have a history of stable employment, this works in your favour.
- Income Verification: Showing proof of regular income, such as payslips or an employment contract, reassures lenders of your ability to make repayments.
- Good Job Prospects: A permanent role or full-time position is more appealing to lenders than a casual or temporary job.
- Savings or Deposit: If you’ve saved some money for a deposit, it reduces the amount you need to borrow and demonstrates financial responsibility.
- Co-Signer Option: If your situation is particularly new, having a co-signer with a stable financial background can help.
At Zoom Car Loans, we focus on matching you with lenders who assess your current financial situation and potential, rather than just your credit history or the length of your employment.
3. How Zoom Car Loans Can Help
Our team at Zoom Car Loans specialises in helping Australians with bad credit get car loans, even in tricky situations like a recent job change.
Here’s how we support you:
- Access to Flexible Lenders: We work with lenders who are open to new job situations and bad credit.
- Personalised Assessment: We look beyond your credit score and new employment status to understand your overall financial picture.
- Hassle-Free Application Process: Our simple online application saves you time and stress.
- Fast Approvals: We know you’re eager to hit the road, so we work quickly to find you the best loan options.
4. Tips for Success
Here are some tips to boost your chances of loan approval:
- Be Honest: Provide accurate information about your job and income.
- Have Documentation Ready: Be prepared to share payslips or your employment contract.
- Stick to a Realistic Budget: Choose a car loan amount you can comfortably afford based on your new income.
- Let Us Help: As your broker, we’ll guide you through the process and find the right lender for your situation.
Drive Into Your Future with Zoom Car Loans
Changing jobs or starting a new one shouldn’t stop you from getting the car you need.
At ZoomCarLoans.com.au, we’re here to help you navigate your options and secure a loan that works for your unique situation.
Ready to get started? Apply online today, and let us help you hit the road with confidence!
