Low Doc Car Loans

Grow your business without the hassle of messy documentation. Apply today and we can match you to a partner lender offering low doc car loan options.

Apply now
Bad Credit Car Loans Approved

Why thousands turn to us for help with their finance needs

Getting a car loan if you’re self-employed or run a business can seem headache-inducing if you lack some key documents, but it’s much simpler than you think when you apply with us.

We can help if you don’t have some of the necessary documentation. By partnering with specialist lenders, our consultants can find the right low doc loan option for you. Take the red tape out of your approval process and apply for a low doc car loan today.

reward

A decade of experience

For more than ten years, our consultants have been helping commercial customers get loan approval for their cars.

money (2)

100% online

Our fully online application process means you can apply from your computer or smartphone from anywhere in Australia.

stopwatch

Rapid loan approvals

Our highly efficient consultants can have a decision and full funding on your application in as little as 48 hours.

Features and benefits of low doc car loans

Borrow from $5,000

Get approval on loans up to $100,000 depending on your financial situation, with no need for a deposit.

Multiple incomes accepted

Our lenders can factor in your wages, investment income, side-hustle earnings and government benefits when assessing your borrowing power.

Knocked back by the banks

Declined finance by other institutions? Don’t be disheartened. We partner with lenders willing to give you another shot at a car loan.

Customised repayments

You can schedule your repayments to be made weekly, fortnightly or monthly to suit whatever works best for your budget.

Flexible loan terms

Choosing to pay your loan off across between one to five years allows you to tailor the cost of your instalments to your preferences.

Sole traders and self-employed workers accepted

No matter whether you’re a plumber, a gardener or a photographer working for yourself, you can be approved for a car loan.

How to apply for a low doc car loan

Bad Credit Car Loans Process

Ask us for a quote

Choose your desired loan amount and term option to get a quote. Once submitted, a consultant will call to discuss your options.

Get matched to a lender

After applying, your consultant uses our state-of-the-art technology to match you to a lender most likely to approve your application.

Have your application submitted

From there, your consultant will prepare and submit your application to your lender, ensuring you a smooth, headache-free process.

Be approved

Once you’re given the green light, your consultant will email digital paperwork for you to sign so your loan funds can be released.

Low doc car loans explained

What documentation will I need to provide with a low doc loan?​

It’s all in the name. Low doc car loans require fewer documents than a standard loan application, but you will need to submit a few things to your consultant when applying for finance. Documents include:

Photo ID: You can submit a copy of your driver’s license or your Australian or foreign-issued passport. If you’re submitting a copy of your license, make sure you take copies of the front and bank.

Application form: Your consultant will submit this on your behalf to save you the hassle and fuss of filling out forms.

Consent form: You will need to sign a consent form agreeing to the terms and conditions of the loan. Your consultant will email you this to sign electronically, saving you time.

Business financials: Depending on your circumstances, a lender may ask for documents such as a signed declaration of income, BAS, bank statements and more.

What are the eligibility criteria for a low doc car loan?

It’s all in the name. Low doc car loans require fewer documents than a standard loan application, but you will need to submit a few things to your consultant when applying for finance. Documents include:

Photo ID: You can submit a copy of your driver’s license or your Australian or foreign-issued passport. If you’re submitting a copy of your license, make sure you take copies of the front and bank.

Application form: Your consultant will submit this on your behalf to save you the hassle and fuss of filling out forms.

Consent form: You will need to sign a consent form agreeing to the terms and conditions of the loan. Your consultant will email you this to sign electronically, saving you time.

Business financials: Depending on your circumstances, a lender may ask for documents such as a signed declaration of income, BAS, bank statements and more.

Top tips for fast-tracking your loan application

Show proof of a steady revenue stream

These loans do require fewer documents than standard business loans. However, showing some form of proof you’re generating consistent revenue will create less doubt in a lender’s mind, which can fast-track your application.

Improve your credit score

If a few overdue payments or unpaid defaults have left some bad credit on your file, it can help to clear them before applying. Lenders will run credit checks on all applicants, so it’ll speed up your approval and may secure you a better interest rate if you can show you have few outstanding debts.

Consider a guarantor

Getting a family member or spouse to go guarantor offers your lender some extra security on your loan. They have the peace of mind that if you ever find that you can’t cover your repayments, your guarantor will repay your debt. Your guarantor should consider how making your payments would impact them financially, though.

Make a down payment

Paying a deposit is a sure-fire way of speeding up approval on your loan application. Putting forward some of your money upfront is a sign to lenders that you’re a responsible borrower and reduces the level of risk posed to them by enabling them to approve a lesser sum.

Frequently asked car loan questions

This varies from customer to customer, but typically your consultant can get you approved and funded in as little as 48 hours. Applying earlier in the day and week can help speed up this process and avoid it dragging out over a weekend.

No – a low doc car loan is a type of commercial finance specifically for business owners or sole traders. If you don’t have an ABN and can’t produce two years of tax returns, you won’t qualify for one of these loans.

Yes – you can opt to make a lump sum payment at the end of your loan period. Where a standard loan would have a $0 balance at the end of its term, a residual payment means you are left with an agreed residual amount at the end of your loan. While this option comes with lower repayments, you should ensure you can afford to make your lump sum residual payment at the conclusion of your agreement.

Yes – if you want to buy equipment to grow your business, you can still use low doc finance. You can buy a range of commercial equipment such as trailers, trucks, forklifts and other machinery.

You can claim back the GST you paid on the purchase price of your car. The interest you’ve paid on your loan, the car’s depreciation and any fuel and registration costs can also be claimed as a tax deduction.

Yes – you can apply if you run a business that only operates for part of the year, such as a food truck. It’s important to ensure you can prove to a lender you’re able to make your repayments comfortably across the entire year, not just the portion that you’re operational.

No – reputable lenders will always ask for paperwork to prove you can meet your repayments. This reassures them your repayments are manageable and affordable. Even lenders spruiking ‘no doc’ loans will require some form of documentation. It’s important to remember the fewer documents you submit, the higher your interest rate will be.

Yes – you can apply for a loan if you run a start-up as long as you have a regular revenue stream. This can be a good option for smaller operations who lack some of the necessary paperwork.