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Low Doc Car Loan

If you are a business owner or self-employed, the loan requirements needed may be difficult to obtain or, at times, you may not feel comfortable sharing your financial documents with the bank.

In these cases, you may opt for a low doc car loan.

Generally, requirements needed for a car loan in Australia include a Driver's License (if you have one), income, expenses, liabilities, etc. With a low doc car loan you may not need to provide all of these since some specialised lenders will use other methods to determine your income or financial capability.

This ensures that many Australians, especially business owners and the self-employed, can potentially secure financing for a car that they can use either personally or for business.

Self Employed or Business Owners

Business owners may potentially benefit from a low doc car loan as they may be able to claim tax deductions and GST benefits against it.

Interest Rates

Low doc car loans used to have high interest rates in the past. More and more lenders are now offering this type of loan and interest rates have become lower than they were previously.

Common Features

  • No Deposit Options may be available
  • No financials or tax returns may not be required
  • Maximum of 7-year loan term

Why choose 1800 Approved?

  • We coordinate the entire process to save time and money
  • Compare quotes from over 40 lenders in our panel.
  • Quick approvals
  • Lowest interest rates to suit your personal circumstances
  • High approval ratings.
  • Expert advice
  • 100% satisfaction guaranteed
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