Low Doc Car Loan

Fast and hassle-free low-doc car loans — LoanHaus

Whether you’re a sole trader, run a small business or freelance full-time, finding competitive financing to purchase a vehicle can be challenging. A low-doc car loan simplifies your search for the perfect car loan with minimal bells and whistles. Access competitive rates, flexible repayment terms, fast approvals and more with LoanHaus.

Partner with LoanHaus today for a simpler and streamlined way to acquire car financing.

Why apply for a low-doc car loan

As the name suggests, a “low-doc” car loan is a car loan that requires minimal documentation to secure approval, ideal for sole traders, freelancers or small businesses who may not have stable income streams or have not been in business long enough to have extensive paperwork showcasing the business’s history.

Applying for a low-doc car loan means having access to the following benefits:

  • Easier access to funding — Less stringent documentation requirements make it easier for those with irregular incomes to secure affordable financing.

  • Flexibility — Low-doc business car loans can be a great financing alternative for small businesses, supporting flexible cash flow management and future growth investments.

  • Time-effective — The simpler application process of low-doc business car loans allows small business owners to focus more on their core activities rather than on lengthy loan approvals.

How LoanHaus can help you with your low-doc business car loans

Given the unique nature of low-doc business car loans, having an expert eye oversee your application isn’t a bad idea. LoanHaus is a team of expert financial consultants specialising in sourcing competitive low-doc car loans for sole traders and small businesses. Here’s how we do it:

  • Step One — Submit an online enquiry form or give us a call to kickstart your low-doc car loan application.

  • Step Two — Once we’ve received your application, you’ll be matched with a dedicated consultant to guide you through the application process. They’ll work on your behalf to determine the best low-doc car loan for your circumstances and manage the details of your application.

  • Step Three — Should your loan be approved, it won’t be long before the funds are transferred, allowing you to purchase your new set of wheels.

We partner with some of the best lenders in the business, giving our clients the best chance of securing a financing option that aligns with their needs.

Ready to get started? Submit your application with LoanHaus today.

Start your application for a competitive ABN car loan with LoanHaus. We’re here to make finding the right loan for your needs simple and streamlined. Get in touch with us today for a no-obligation quote.


A low-doc car loan is designed for individuals or businesses who cannot provide the standard documentation typically required for a car loan, like payslips or tax returns. This type of loan often requires minimal paperwork and may rely on a declaration of income. In contrast, a standard car loan requires thorough proof of income and credit history, ensuring the borrower’s ability to repay. Low-doc car loans might also carry higher interest rates due to increased lender risk.

Low-doc car loans are aimed at self-employed individuals, freelancers and small to medium business owners who might not have regular or easily documentable income. These borrowers often lack the detailed financial records required for standard loans, making low-doc options more suitable for their situation. However, they must still demonstrate some ability to repay the loan.

Yes, a low-doc car loan can be used to purchase personal and business vehicles. This flexibility makes it particularly appealing to self-employed individuals and small business owners who need vehicles for mixed use but may not meet the stringent documentation requirements of traditional car loans. However, the specifics can vary by lender, so it’s important to confirm the allowed uses with the loan provider.

Yes, like standard car loans, low-doc car loans are available to apply for new and used vehicles. Lenders typically provide options for both categories of vehicles, although the terms and interest rates may vary depending on the age and condition of the vehicle being financed.

The average interest rate for a low-doc car loan can vary, as it will depend on the applicant’s credit history, how much they’re looking to borrow and for how long and what they intend to use the vehicle for. It’s also important to note that interest rates for low-doc car loans tend to be higher than standard car loans due to the added risk for the lender.

The biggest advantage for borrowers applying for a low-doc car loan is the relaxed eligibility criteria. Unlike traditional car loans, which require borrowers to provide financials, low-doc car loans ask for minimal documentation. This type of loan is particularly beneficial for self-employed individuals and small to medium business owners who might struggle to prove their income through traditional means but still require access to funding in order to purchase a vehicle for personal or commercial use.

Given the nature of low-doc car loans, these financing options tend to come with higher interest rates and stricter borrowing conditions. This is because these loans tend to be riskier for the lender, as they have limited information about a borrower’s creditworthiness.

While you may not need to provide multiple sources of financial documentation,        consider providing as much financial documentation as you can, such as proof of good current credit history. Maintaining a good credit history and a low debt-to-income ratio can also be beneficial, as it shows a lender you are responsible with managing credit.

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