Patrizia gets a replacement vehicle in no time

28 October 2021

Personal loans come with personal stories. We’re all different and often find inspiration in the dreams and achievements of others. So, we’ll be regularly sharing stories of what our customers have achieved with a personal loan from Alex.

After being told her car was deemed unrepairable from an accident, being an old car with too much damage, Patrizia started looking into other options to get back on the road. Being an older model car, the insurance payout, even though it was a write-off, unfortunately, that wasn’t enough to finance a brand-new car.

“I was paid the market value of the car and of course that wasn’t enough to even get close to buying a new or even used car (which are incredibly expensive in the current climate). So, knowing that I needed a car asap as I would lose work if I didn’t have a car.”

Alex Bank came into the picture during a search online using a comparison site.

“I went to Canstar and found various finance companies that provide a similar rate and had 5-star review ratings. I actually applied to 2 companies and Alex responded faster and made the online application process a little easier than the other.”

With both the pay-out and the personal loan, Patrizia was able to purchase a 2021 model Kia Rio.

“Getting the loan at a rate and with repayments that I can manage with none of the extra costs and at a fixed rate meant that I was able to find a new car using the loan and pay-out money and I was able to keep my job and not be struggling for the next five years.”

We’re glad we could help get you back on the road. Safe travels, Patrizia!

Alex Bank can help you get more of what you really care about too, find out more.

Content brought to you by Alex Bank

Important Information

The content on this page is general information only, it is not intended to be advice or a substitute for professional financial advice. It does not take into account your situation, needs or objectives and you should consider whether it’s appropriate for your situation and seek professional advice. 

Applications for finance are subject to Alex’s normal credit approval. Terms, conditions, fees & charges apply. Alex Bank Pty Ltd ABN 13 627 244 848 (“Alex”) is operating under a time limited and restricted Banking Authority. Further detail is available at www.alex.bank/legal. AFSL and Australian Credit Licence 510805.