🚛 Can You Get Horse Float Finance Without a Job?
Yes! Some lenders offer asset-based lending, where approval is based on the value of your assets rather than your income. This allows:
✅ Borrowing money using an asset like a car, trailer, or savings as security
✅ Loan approval even without a traditional job or payslips
✅ Lower interest rates compared to unsecured loans
✅ Flexible repayment terms
💡 Tip: Asset-based lending is ideal for retirees, self-employed individuals, or those with non-traditional income sources.
🏦 How This Buyer Secured a Horse Float Loan Without a Job
A 58-year-old retiree wanted a horse float but didn’t have regular employment income. They successfully secured finance using asset-based lending by:
| 🔑 Strategy | ✅ How It Helped |
|---|---|
| 📑 Using an existing vehicle as collateral | Reduced lender risk and secured approval |
| 🚛 Applying for a secured loan | Lowered the interest rate compared to unsecured loans |
| 💰 Providing proof of savings & superannuation | Showed financial stability despite no employment |
| 📆 Choosing a longer loan term | Reduced monthly repayments to fit their budget |
💡 Tip: Some lenders accept investment income, Centrelink payments, or superannuation as part of your financial profile.
📋 How to Qualify for Asset-Based Horse Float Finance
If you don’t have a job but own assets, follow these steps to improve your approval chances:
| 🔑 Step | ✅ What to Do |
|---|---|
| 📑 Identify a Suitable Asset | Cars, property, trailers, or savings can be used as collateral |
| 🚛 Apply for a Secured Loan | Lenders prefer loans backed by assets |
| 💰 Show Alternative Income | Rental income, superannuation, or investments may be accepted |
| 📆 Choose a Manageable Loan Term | Lower repayments make approval easier |
| 📉 Compare Lenders | Some specialize in asset-based lending for people without a job |
💡 Tip: If you have no income at all, a guarantor or co-signer can strengthen your application.
🏆 Best Loan Options for Asset-Based Lending
If you don’t have a job but have assets, these are your best financing options:
| 🔑 Loan Type | ✅ Best For | 📉 Interest Rate (Typical) |
|---|---|---|
| 🚛 Secured Loan | Borrowers with assets but no employment income | 5–12% p.a.* |
| 💰 Low-Doc Loan | Self-employed or part-time earners needing flexibility | 7–15% p.a.* |
| 📆 Guarantor Loan | Applicants with no income but a co-signer | 6–12% p.a.* |
| 📉 Line of Credit | Those with equity in property or savings | 6–14% p.a.* |
💡 Tip: Using an asset as collateral can significantly reduce interest rates and increase approval chances.
(*Rates vary based on lender and credit profile.)
💳 Why a Finance Broker Can Help You Get Approved Without a Job
A finance broker can:
✅ Find lenders that offer asset-based lending
✅ Compare secured vs unsecured loan options
✅ Assist with structuring repayments to fit your financial situation
🔑 Final Thoughts
If you don’t have a job but own assets, asset-based lending can help you secure horse float finance. Using a car, property, or savings as collateral can reduce interest rates and improve approval chances.
🚀 Need horse float finance without a job? Get expert advice on asset-based lending today!
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
