Guide
Low-doc asset finance, explained without the waffle.
Low-doc asset finance for self-employed and newer businesses: what it is, what you actually need (ABN, BAS or bank statements), how it's assessed, and what to expect on price. Plain English, no waffle.
Low-doc doesn't mean no-doc, and it definitely doesn't mean second-rate. It means a lender funds your gear on a fuller picture of your business than two years of tax returns — which is exactly what self-employed operators and newer businesses need.
This is our most common file type. Here's exactly how it works, what you'll need, and what it costs — straight, because guessing helps nobody.
What low-doc actually means
A full-doc loan leans on tax returns and financials. A low-doc loan leans on the evidence your business already produces: BAS statements, bank statements, contracts, work orders. The lender wants to see the work and the cash flow — they're just not demanding that it be wrapped in an accountant's report first.
If you're self-employed, subcontracting, or your ABN is under two years old, low-doc is probably your lane. Plenty of borrowers who could go full-doc choose low-doc purely for speed.
What you'll need
A realistic list — the file for a typical low-doc deal is:
- Your ABN (and roughly how long it's been active)
- BAS statements or business bank statements — usually 3–6 months
- ID — driver's licence does it
- The asset: what it is, price, dealer or private
- Any contracts or work orders if the deal leans on them
What it costs (honestly)
Low-doc rates run a bit higher than full-doc — the lender takes a bit more risk, so they charge a bit more. How much more depends on the file: a clean low-doc with a deposit can price close to full-doc; a brand-new ABN with no statements will pay noticeably more.
Our job is to close that gap. A well-shaped low-doc file — right lender, right structure, evidence arranged properly — often prices better than a rushed full-doc. And rates can be refinanced later once the trading history exists.
How we build your file
We look at the deal the way the lender's credit team will: the asset, the work behind it, the cash flow, the story that ties them together. Then we take it to the lender whose appetite matches — that's what 40+ lenders is actually for.
You'll never get a 'come back in six months' from us without a plan attached to it.
Tell us what you're earning and what you need — we'll tell you what's possible, today.
Average response under 2 hours during business hours.
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