🚛 Can You Get Horse Float Finance as a Casual Worker?
Yes! Some lenders offer horse float finance to casual workers, but they assess applications based on:
✅ How long you’ve been in your casual job
✅ Your average income over the past 6–12 months
✅ Whether you have additional income (e.g., a second job or government benefits)
✅ Loan type (secured loans offer better approval chances)
💡 Tip: Lenders prefer casual workers with at least 6–12 months of consistent employment in the same role.
🏦 How This Casual Worker Secured Horse Float Finance
A 29-year-old casual hospitality worker wanted to finance a horse float but was worried about loan approval due to fluctuating income. They secured finance by:
| 🔑 Strategy | ✅ How It Helped |
|---|---|
| 📑 Applying for a secured loan | Used the horse float as collateral to reduce lender risk |
| 🚛 Showing a 12-month income history | Bank statements proved stable earnings despite casual status |
| 💰 Providing a 15% deposit | Lowered the loan amount and reassured the lender |
| 📆 Adding a co-applicant | A partner with a part-time job strengthened the application |
💡 Tip: If your income varies, providing longer work history and recent bank statements can help prove stability.
📋 How to Improve Loan Approval Chances as a Casual Worker
Casual employment can make finance approvals trickier, but these strategies can improve your chances:
| 🔑 Strategy | ✅ How It Helps |
|---|---|
| 📑 Apply for a Secured Loan | Using the horse float as security lowers lender risk |
| 🚛 Show Consistent Work History | 6–12 months in the same job shows financial stability |
| 💰 Save for a Deposit | A deposit reduces lender risk and loan amount |
| 📆 Add a Co-Applicant | A second applicant with stable income strengthens the application |
| 📉 Provide Tax Returns or Payslips | Proves ongoing earnings even with casual hours |
💡 Tip: If your income fluctuates, consider applying after peak earning months to show a higher average income.
🏆 Best Loan Options for Casual Workers
Different loan types cater to borrowers with casual employment.
| 🔑 Loan Type | ✅ Best For | 📉 Interest Rate (Typical) |
|---|---|---|
| 🚛 Secured Loan | Casual workers with a deposit or collateral | 5–12% p.a.* |
| 💰 Low-Doc Loan | Workers with irregular income or multiple jobs | 7–15% p.a.* |
| 📆 Guarantor Loan | Applicants with low income but a co-signer | 6–10% p.a.* |
| 📉 Personal Loan (Unsecured) | Casual workers with a strong financial history | 10–20% p.a.* |
💡 Tip: If your casual work is long-term, some lenders will assess you as a full-time worker after 12+ months in the role.
(*Rates vary based on lender and credit profile.)
💳 Why a Finance Broker Can Help Casual Workers Get Approved
A finance broker can:
✅ Find lenders that accept casual employment income
✅ Compare loans with flexible approval criteria
✅ Help structure loan repayments to match your earnings cycle
🔑 Final Thoughts
Casual workers can qualify for horse float finance with a stable income history, a deposit, or a co-applicant. Choosing a secured loan and applying after peak earning periods can boost approval chances.
🚀 Need horse float finance as a casual worker? Get expert advice 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.
