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frequently asked questions
what is a udc accredited dealer?
A: A UDC Accredited Car Dealer is a new and/or used motor vehicle dealer who is authorised by UDC to provide you with UDC finance products.
how much can i borrow?
A: You can borrow up to the full amount of the motor vehicle being purchased, although in certain circumstances we may require you to contribute some deposit towards the purchase. You may also finance the cost of loan insurance, and extended manufacturer's warranty when you purchase a car through a UDC Accredited Car Dealer or UDC Car Loans. UDC Accredited Car Dealers will also finance comprehensive motor vehicle insurance, at time of purchasing a car.
are udc's interest rates fixed or variable?
A: All UDC’s motor vehicle finance rates are fixed for the duration of your loan providing you with the comfort that your repayments will not need to increase with changing interest rates.
do i have to provide additional security?
A: Usually the motor vehicle being financed is sufficient, so you will not have to provide UDC with any additional security.
do i have to pay additional maintenance and registration costs?
A: Yes. Registration and motor vehicle insurance for the first 12 month can be included in the contract. Maintenance and on-road costs cannot be included for Hire Purchase agreement.
what financial information do i need to provide to udc?
A: When applying for your car loan, UDC will require details of your regular monthly commitments and a statement of your assets and liabilities in order to assess your application. UDC may also require you to provide proof of income. The UDC Accredited Car Dealer or UDC Car Loans you choose will take you through this at the time of application.
do you offer loan insurance?
A: Yes. You can obtain car loan insurance through one of our Accredited Car Dealers or UDC Car Loans to protect your loan repayments in the event of an accident, illness or involuntary unemployment.

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