Finance pre-approval
Get finance pre-approval online, anywhere, anytime, in minutes with Taurus Motor Finance.
How it works:
1. Provide your details
We just need the basics, name, email, mobile, DOB, driver's licence and address, it’s that simple.
2. Select your repayment options and provide income & expenses
We advise your personalised rate, all you need to do is provide your deposit value, and select your preferred loan term, payment frequency and provide your income and expenses.
3. Validate your income with bank statements
Taurus Motor Finance use bankstatements.com.au, an independent and secure online portal, which allows you to securely provide your bank statements using your online banking credentials. We use this to verify your income and expense information and it takes less than a minute.
What is the bank statements process?
What is finance pre-approval?
Pre-approval means your application for finance has been approved, subject to conditions, which may include the provision of additional information required to provide final approval. Final approval remains subject to compliance with Taurus’ credit criteria and confirmation of your capacity to service the loan. Pre-approval is not an offer of credit. Pricing and pre-approval is valid for a period of 30 days.
Bank statements
Your security is our highest priority. That's why, with Taurus Motor Finance, we use bankstatements.com.au for our automated bank statement retrieval and verification.
BankStatements technology provides a lightning fast, frictionless web-based solution for the retrieval of your bank statements, ensuring a faster, smarter and more convenient online experience through to conditional finance pre-approval.
Why spend 1 hour of your valuable time sitting in an office, when you can do the same process in under 5 minutes?
How it works:
1. Bank credentials
Select your financial institution and enter your online banking credentials
2. Wait for confirmation
Your bank statements are automatically retrieved and securely provided to the Taurus Motor Finance AI system in seconds
3. Complete the process
Continue to the next step to complete the process
Frequently asked questions
What does BankStatements.com.au do?
They speed up and streamline loan applications. This means less paperwork, less fuss and a quicker decision about loan approval. They do this with their own technology that retrieves your bank statement data and sends it directly to Taurus Motor Finance.
Why are bank statements important?
Some of the things your bank statements will show are your income, that you are regularly paid wages, other loan repayments and your expenses. These factors help determine that you can afford to pay back the loan.
Who authorises you to get my bank statements?
You do. You authorise Illion Open Data Solutions Pty Ltd to provide your data to the lender. They are an independent provider of web based bank statement data retrieval services.
Illion Open Data Solutions Pty Ltd t/a BankStatements.com.au is not a bank, and does not necessarily have an official association or relationship with any bank or banking institution accessible via the BankStatements.com.au website.
What is done with my bank statements?
They are only made available to Taurus Motor Finance and are stored in a secure database.