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Low Doc Car Loans

Ideal solution for self-employed individuals, small business owners, and freelancers.

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Why Choose Natloans for Low Doc Car Loans?

Natloans is a trusted partner for individuals and businesses seeking simplified financing solutions.

Here’s why borrowers turn to us for low doc car loans:

  • Extensive Lender Network: We work with a wide range of lenders who specialise in low doc loans, ensuring you get competitive rates and terms.
  • Tailored Solutions: Every borrower’s situation is unique, and we take the time to understand your needs and offer personalised options.
  • Expert Guidance: Our experienced team is here to simplify the process, ensuring you have the information and support needed to make confident decisions.

  • Fast and Efficient Approvals: We know time is valuable, so we focus on securing approvals quickly to help you hit the road sooner.

For more information on low doc car loans or to start your application, contact Natloans today.

Let us help you secure the vehicle you need with a hassle-free and flexible financing solution.

Simplified Financing for Self-Employed and Small Business Owners

Securing a car loan can be challenging for those who lack extensive financial documentation, such as sole traders, freelancers, or new business owners. At Natloans, we specialise in low doc car loans, offering flexible financing solutions that simplify the process and help you get behind the wheel of the vehicle you need.

This guide will explore how low doc car loans work, their benefits, and what you need to know before applying.

What Are Low Doc Car Loans?

Low doc car loans are designed for individuals and businesses that may not have access to traditional financial documents, such as detailed tax returns or financial statements. Instead, these loans rely on alternative forms of verification, such as an active ABN (Australian Business Number), bank statements, or an accountant’s declaration.
They are an ideal solution for self-employed individuals, small business owners, and freelancers who need a vehicle but find it difficult to meet the stringent documentation requirements of standard car loans.

Easier Approval Process

With minimal documentation required, these loans offer a streamlined application process, making it quicker and more accessible.

Flexibility

Tailored options allow you to choose loan structures that fit your financial situation, including fixed or variable rates and flexible repayment terms.

Accessibility for New Businesses

Unlike traditional loans, low doc options are often available to businesses with ABNs active for as little as six months, helping new ventures get on the road.

Suitable for Irregular Income

If you have fluctuating earnings, low doc loans can accommodate your financial situation, with assessments based on your overall capacity to repay.

Tax Benefits for Businesses

For GST-registered businesses, low doc loans may offer tax advantages, such as deductions for interest and depreciation.

4 Simple Steps to Getting a Low Doc Car Loan

Applying for a low doc car loan with Natloans is straightforward:

Step 1: Gather Essential Documents

  • An active ABN (6-12 months preferred).
  • Bank statements showing cash flow.
  • An accountant’s declaration or BAS statements (if available).

Step 2: Assess Your Needs

Determine the type of vehicle you need, the loan amount, and the repayment terms that align with your budget.

Step 3: Submit Your Application

Provide your documentation and details about the vehicle you intend to purchase.

Step 4: Quick Approval Process

With less paperwork to review, approvals are often faster than traditional loans, meaning you can secure your vehicle quickly.

What Are My Repayments?

Calculate Your repayments with our Low Doc Car Loan Calculator.

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Frequently Asked Questions

What is a low doc car loan?
A low doc car loan is a financing option designed for individuals or businesses that lack traditional financial documentation, such as detailed tax returns. These loans rely on alternative documents like bank statements or an accountant’s declaration.

Low doc car loans are ideal for:

  • Self-employed individuals.
  • Freelancers or contractors with irregular income.
  • Small business owners without detailed financial statements.
Most lenders prefer ABNs active for at least 12 months. However, exceptions may apply for newer businesses with supporting documentation.

Yes, low doc car loans can be used for both personal and business vehicles, depending on your needs and the lender’s requirements.

Low doc loans may come with slightly higher interest rates to account for the reduced documentation. However, Natloans helps you find competitive options that suit your budget.

Typically, you’ll need:

  • An active ABN.
  • Recent bank statements.
  • An accountant’s declaration or BAS statements, if available.
Approvals for low doc car loans are often faster than traditional loans, with many applications processed within a few days.