Business-use vehicles
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is low-doc finance?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Low-doc finance refers to lending pathways where a lender may assess an application using alternative documents instead of full financial statements. It is commonly relevant for self-employed applicants, sole traders and small businesses.
Low-doc does not mean no-doc. Lenders still need to understand income, business activity, credit profile, asset strength and repayment capacity.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Equipment
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Tools and machinery
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Trucks or trailers where suitable
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Asset refinance
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Business assets
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Selected working capital needs
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Commercial purchases
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Self-employed applicants
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Sole traders
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
ABN holders with limited financials
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Contractors and tradies
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Newer businesses with supporting bank statements
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers refinancing existing asset loans
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Low-doc asset finance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Chattel mortgage where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Secured finance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Equipment finance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Vehicle finance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
ABN and GST history where relevant
This is one of the common factors lenders may review when assessing the application.
Bank statement conduct
This is one of the common factors lenders may review when assessing the application.
Asset type and value
This is one of the common factors lenders may review when assessing the application.
Deposit or equity
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Trading activity
This is one of the common factors lenders may review when assessing the application.
Repayment capacity
This is one of the common factors lenders may review when assessing the application.
Alternative income evidence
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- ABN and entity details
- Bank statements
- BAS where available
- Accountant letter if requested
- Asset invoice or purchase contract
- Payout letters for refinance
- Business trading information
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
No. Documents requested will depend on the lender, loan type and applicant profile. Bank statements, ABN details and asset documents are commonly requested.
It may suit some self-employed applicants or ABN holders who do not have full financials available.
Pricing depends on lender criteria, risk profile, asset strength, documents and overall application quality.
Some lenders consider low-doc equipment or asset finance where the applicant and asset meet criteria.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.