- Contractors
- Self Employed
- Small business owners
Are you sick & tired of being asked to provide volumes of information to the banks simply because you are self-employed?
Let our finance experts take the hassle out of it for you.
Low doc car loans are normally suited to ABN contractors, Self Employed and small business owners, who generally don’t have the required documents or statements such as; tax returns or payslips that are required during a traditional consumer car loan application. Pricing and credit criteria vary significantly between lenders, so it’s important to understand the options available to you.
Low doc car loans differ from their home loan counterparts in two areas; the majority of vehicle use must be for business purposes and you won’t be subjected to a higher interest rate.
Many self-employed borrowers talk to a mortgage broker over a lender because they want a wider range of finance options. Talking to our finance consultants is like having your own personal finance expert to help you secure a competitive loan with the right lender.
What docs are needed?
- Clear copy of I.D.
- Trust deed (for trust business structure) OR
- Partnership Agreement (for all other business structures)
Other Criteria
- A clean credit file
- Hold an ABN for 12 months
- In some cases, not all, you may need to be a mortgage holder or own property
Finance without proof of income, tax statements or bank statements doesn’t have to be difficult, especially when you are being looked after by our finance experts. Our job is to assess your situation, go over your options with you and try to find the most suitable solution to suit you and your work/business.
If you are self-employed and want to fund business growth or finance a new business initiative but have a fluctuating income, then a Low Documentation (low doc) loan may be just what you need. For the time poor business owner, the whole lending process can be done without you having to leave your office. All it takes is one enquiry to Findyourcarloan and we can do the rest from there.
