The Smarter Way to Get A Low Doc Car Loan!
Having trouble with getting car finance because you’re unable to get all the supporting documents required by conventional lenders?
As leading car brokers, we may be able to help!
What is a Low Doc Car Loan?
A Low Doc Car Loan is a type of vehicle financing designed for individuals who may not have access to the full suite of traditional documentation required by banks and major lenders. “Low doc” stands for “low documentation,” meaning the borrower can apply for the loan with minimal paperwork, often without needing to provide full financial statements or tax returns.
This type of loan is ideal for self-employed individuals, freelancers, small business owners, or anyone whose income may not be easily verified through conventional means. Instead of standard proof-of-income documents, borrowers typically submit alternative documentation to demonstrate their ability to repay the loan.
We Can Help You with Getting a Low Doc Car Loan.
Who is a Low Doc Car Loan for?
Low doc car loans are primarily targeted at:
Self-employed professionals without regular payslips
Small business owners or sole traders
Freelancers or contractors
Individuals with limited credit history
Borrowers who have the capacity to repay, but cannot provide tax returns or financial statements at the time of application
While traditional lenders often turn these individuals away, low doc lenders offer a solution that better suits their unique income situations.
It’s worth noting that lenders still assess creditworthiness, so a decent credit score or business track record can help strengthen your application. Collateral or a deposit may also be required to reduce the lender’s risk.
Low Doc Car Loans Come In 2 Forms:
-
Secured
This is the type of loan where you use either a car, boat, motorbike or your home as collateral or guarantee. The loan is secured by the asset and if the loan defaults, the lender can take it and sell it to recoup their losses should you default on the loan. -
Unsecured
A loan that is mostly based on your credit worthiness and credit profile. No collateral is required. In general, interest rates are higher for an unsecured personal loan.
Why Choose eCarz?
- Lowest Possible Interest Rates
- Customised Finance Solution That Best Suits Your Needs
- A Panel of Over 60+ Lenders
- Quick Approval
- High Approval Ratin - We Are The Finance Experts
- Obligation-Free Quotes
- Satisfaction Guaranteed - Check Out Our Testimonials
*based on commercial contract for a new vehicle with specific criteria. Click here for other car finance options.
eCarz Can Help Secure Your Next Low Doc Car Loan
At eCarz, we understand that not everyone fits into the traditional lending box. That’s why we specialise in helping self-employed and non-traditional earners get behind the wheel faster with flexible, low doc car loans tailored to your situation.
Whether you’re a tradie, freelancer, or small business owner, our team works with a wide panel of trusted lenders who are open to alternative documentation. We’ll help you prepare the right forms, present your case in the best light, and negotiate the most competitive rates available.
Don’t let paperwork slow you down. Let eCarz take the stress out of your next vehicle purchase with a streamlined, low-doc car finance approval process.
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Low Doc Car Finance FAQ!
A low doc car loan is a form of credit that allows the borrower to finance their car purchase with fewer documents than usually required. A low doc loan is perfect for entrepreneurs, small business owners, self-employed individuals, freelancers, or anyone who is seeking car finance but is finding it hard to prove the stable income requirements of conventional lending.
Loan terms on low doc car finance range from 6 months to 60 months. Terms, however, can be longer and structured to your individual needs and personal situation.
While interest rates can be higher on a low doc loan to take into account the additional risk born by low doc car loan lenders, this is not always the case. As leading car finance brokers, we’ve secured low doc loans for our customers with interest rates comparable to conventional financing. Speak to us for the best deal on your next car.
Yes, our team of bad credit car finance specialists has successfully secured low doc financing for customers with a bad credit rating when all hope seemed lost. Get in touch to see how we can help you.
Yes! At eCarz, we work with over 40 leading lenders and can secure up to 100% finance on your next car loan. While an initial deposit or a trade-in to reduce the cost of your new car can increase the chances of a fast approval, it is not a requirement for all low doc car loan lenders.
The process from enquiry to approval can vary on a case by case basis, in some cases, we’ve secured amazing deals for our customers within minutes of their initial online application.
Applying for a low doc loan with eCarz is easy! Simply fill out your details above or call us on 1300 378 387 and a finance specialist will be in touch to collect all the necessary details to secure you the best deal from our range of low doc car loan lenders.
Yes, our team can get you the pre-approval you need to shop for a car with confidence. Call us for more information today.
Yes, at eCarz, our team of car finance Brisbane specialists can secure you a finance option that is specifically tailored to suit your needs. We can arrange car leasing, novated leases, chattel mortgages, hire purchase agreements, bad credit car financing, and more.
Yes, our dedicated eCarz team can help you get the finance you need on both new and used cars from our range of low doc car loan lenders! Contact us today.
Yes, at eCarz we are a full-service vehicle broker that can handle the entire car buying service for you. Just let us know what you’re looking for, and our friendly and knowledgeable team will do the research, negotiating, and financing on your behalf to ensure you get the best deal on your new or used car. With a proven record in helping clients save time and money and avoid the hassles of negotiation, buying your next car with eCarz is easier than ever!