Running a business shouldn’t mean running in circles for finance.
Low doc (or “low documentation”) car loans are available only for
business purposes, where borrowers may not have traditional proof of
income—such as recent payslips or full financial statements. To assess
affordability, lenders use alternative methods like ABN history, credit
profile, asset position, and realistic projections of future revenue—
particularly where the asset being financed is expected to generate
income.
These loans are not regulated under the National Consumer Credit
Protection Act or National Credit Code, and therefore do not carry the
same disclosure or hardship protections. However, they are usually
covered by the Australian Financial Complaints Authority (AFCA), giving
you access to independent dispute resolution if ever needed.
We must still be satisfied that the loan meets your needs and
objectives, and you must be able to demonstrate your capacity to meet
repayments.
💡 Ideal For:
- Self-employed business owners and contractors
- ABN holders with 6 months trading
- New ventures considered
- Borrowers who prefer a simple, fast approval process
- Those seeking finance for business-use vehicles or mixed personal-use cars