Low Doc Car Loans
for ABN Holders

A low doc car loan is a broad term used to describe a range of lender products designed to meet the needs of ABN holders who have a short trading history, do not receive regular income or may not have the tax records to meet the requirements of a standard car loan. Low doc car loans require fewer documents than a regular car loan. 

To qualify for a low doc car loan you need to be;

• ABN holder for more than two years.
• GST registered.
• Asset-backed or have a cash deposit available. 

Lenders do not necessarily require proof of your income, but you may have to provide information about the finances of your business like assets and debts, business activities and others.

A deposit is not required to obtain a low doc car loan. However, if you have saved a deposit this will work in your favour. The general rule is; the less you borrow, the less interest you pay. A deposit can also help you to purchase a vehicle of higher value. 

Low doc car loans usually have the same interest rates as a standard loan, so don't get scared, you don't necessarily pay more interest. 

The documents required for low doc loans depend on your specific circumstances. Documents can be as little as proof of identification, a signed privacy form and an application form. 

You may be eligible to claim some tax benefits. We recommend talking to your accountant when applying for a low doc loan.