How horse loans work
No guesswork, no jargon. Here's exactly what happens between checking your eligibility and settling on the horse.
Check eligibility
A short online form covering your situation, the horse, the price. No impact from just checking, and it's free.
We match you to the panel
Your application goes to lenders on our panel suited to your credit profile and the horse's use, personal or business-purpose.
Review your options
A Simple Loans specialist talks you through what's actually on offer: rate, term, fees, plainly, before you commit to anything.
Settlement
Funds are released to complete the purchase, generally direct to the seller, once documentation is finalised.
What you'll need
- Proof of identity (driver's licence or passport)
- Proof of income (payslips, or financials if self-employed or a breeding/working-stock business)
- Details of the horse, the purchase price and, if available, a description or listing from the seller
- Your recent bank statements, for most lenders on our panel
We'll tell you the exact documentation your specific application needs once we know your situation. This list covers what most applicants are asked for.
How long does approval take?
It depends on the lender and your documentation, but assessing against a panel rather than a single bank is generally faster than a standard personal loan queue: indicatively around 24 hours once your application is complete, though this isn't a guarantee.
Do you lend the money directly?
No. Simple Loans (ACL 509582) is a credit representative, not a lender. We assess your application against a panel of lenders and help you compare what's actually on offer.
What happens if the horse is later resold?
Your loan obligation continues independently of what happens to the horse. Repayments aren't tied to ownership of the horse itself unless your specific loan is secured against it, which your specialist will explain clearly if that applies.