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18 Jun Today's
best rate
Finance Equipment From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 20/10/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

No Docs Business Loans – Compare Interest Rates

These commercial loans can be approved for a wide selection of lending products. Applicants can be offered the same interest rate as fully documented applicants but with stricter criteria and conditions. This comparison chart allows you to quickly see the different interest rates we are achieving on different loan products and calculate repayment estimates for each lending facility to use in your planning process.

Loan Amount
Loan Term
New Equipment Loan
2.79% Starts At
$949.58333333333
Monthly repayment
Used Older Secured Equipment Loan
4.50% Starts At
$1020.8333333333
Monthly repayment
Business Loans - Unsecured
7.99% Starts At
$1166.25
Monthly repayment
Business Loans - Secured
2.95% Starts At
$956.25
Monthly repayment
Overdraft - Non Bank
9.95% Starts At
$1247.9166666667
Monthly repayment
Chattel Mortgage
2.79% Starts At
$949.58333333333
Monthly repayment
Operating Leases
4.60% Starts At
$1025
Monthly repayment
Commercial Hire Purchase
2.79% Starts At
$949.58333333333
Monthly repayment
Rent To Own
9.95% Starts At
$1247.9166666667
Monthly repayment
Loan Product Interest Rate
Starts at:
Monthly Repayment
New Equipment Loan 2.79%
$949.58333333333
Used Older Secured Equipment Loan 4.50%
$1020.8333333333
Business Loans - Unsecured 7.99%
$1166.25
Business Loans - Secured 2.95%
$956.25
Overdraft - Non Bank 9.95%
$1247.9166666667
Chattel Mortgage 2.79%
$949.58333333333
Operating Leases 4.60%
$1025
Commercial Hire Purchase 2.79%
$949.58333333333
Rent To Own 9.95%
$1247.9166666667
Get a free quote

Disclaimer: This interest rate comparison tables shows rates for different loans as currently offered by this lender. The purpose of providing this resource is purely for comparisons of different loans. Using this table is not in any way a lending application. Lender and broker fees and charges that may apply to an individual loan are not included in the interest rate calculations. The repayments calculated do not represent an offer of a loan or approval in any way of a loan. The repayments in any loan offer made and the interest rate on any loan offer may be different from the values as shown.

Find Low Doc Business Loans

In the financial services industry, the term ‘low docs’ refers to loan applications which do not have the complete documentation that banks and lenders usually require to be accepted. This documentation is essential financial records.

Low Docs may be sought by many operators including sole traders, owner-operators, small business loans Australia wide and others. The low docs situation may arise as the business is starting up or has not been trading for an extended period. That is, a long enough trading period to meet bank loan guidelines.

This is considered a higher risk loan category and attracts a higher interest rate than loans which have the complete documentation. But this type of loan is offered, dependent on individual lender requirements and individual applications.

To improve the chances of being offered a loan, applicants can take actions to enhance their loan applications.

We have connections with lenders that do offer commercial low docs and we can share these contacts with you. Using the services of a professional broker to source your low docs commercial loan may have a significant positive impact on the outcome. Ensure you broker has experience in dealing with this type of loan category, has the right lenders in their lending panel to approach and has a positive and cooperative attitude to assisting you.

Low Doc Loan Requirements and Conditions

While individual lenders will have their own set of conditions and requirements, we can provide you with a general indication of what you may expect regarding your loan.

  • ABN is essential. You must hold a current ABN. Recently acquired ABN holders are not viewed as favorably as longer term ABN holders.
  • As with all financial matters, you will need to provide proof of identification. This will include proof of your personal ID and of aspects of your business ID.
  • GST status must be advised. ABN holders that are registered for GST are usually viewed more favorably than those that are not registered for GST.

While understanding that you do not have all the docs required for a standard loan application, some forms of information and records will be required.

These may include:-

  • BAS Statements
  • Bank account statements
  • Accounts – simple accounting records that you have prepared yourself and are verifiable from bank statements or accounts as prepared by your accountant or tax agent.
  • Tax Portal information

As a higher risk loan category, lenders will usually apply certain additional conditions on the loan which may include:-

  • A larger deposit be paid on the goods being purchased.
  • Security in addition to the goods being purchased. This may take the form of property, commercial owner’s personal guarantee or other security.
  • Not offered for older goods such as trucks and motor vehicle over a certain age or equipment with a short working life remaining.

Low Doc Business Loan Types

Low Doc Loans can be achieved for the full range of commercial products, subject to individual lender requirements.

Once accepted, businesses can utilise low docs loans to acquire a range of assets including both new and second-hand motor vehicles, truck finance and equipment.

Securing a Low Docs Business Loan

We have connections with lenders and brokers that may be able to assist you. It is a specialist area and we know the specialists!

Connect with us for possible solutions for a low doc loan.

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