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Competitive Rates, Cost-effective Low No Doc Truck Loans
As specialists in heavy vehicle lending, we provide operators without financials with products, options and lenders to secure workable credit at competitive rates. Assisting new, small and relatively young enterprise achieve the start they need by acquiring the vehicles they need with cost-effective credit.
We can offer these options because we have vast coverage of the commercial lending market through our accreditations. Accreditations which include specialist non-bank lenders that do make workable offers for vehicle funding without financials.
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Compare Business Finance Low Doc Truck Loan Interest Rates
Applicants that do not have full financials are not always offer a higher interest rate than the lender’s lowest available rate. We have lenders that will offer competitive rates based on turnover and other aspects of the operation. As a starting point, buyers can refer to our current interest rates to make comparisons on credit facilities, vehicles and to plan their purchase. For a specific rate quote, contact us and speak with one of our brokers.
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Disclaimer: * The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true 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.
What are No Doc and Low Doc Truck Loan Solutions?
These types of heavy vehicle credit reference the applicant not actual credit products. The terms can cover a range of applications that do not have all or any of the documentation on the financials of the operation as requested by many banks and lenders. These criteria can vary across the lender market.
The documentation includes a range of financials such as BAS returns, income tax returns, annual accounts, turnover for at least 12 to 24 months, bank statements and profit and loss statements. Operators may not have acquired these records due to their short trading period or as they are starting up and are applying for heavy vehicle funding to get the operation underway. The description is not limited only to smaller concerns such as sole traders and self-employed operators. SMEs and larger concerns which are in their initial stage of set-up may also not have full documentation.
As is indicated by the terminology, ‘no’ generally refers to having none of the documentation while ‘low’ can mean having some but not all. When requiring this type of funding, we recommend that our clients prepare even basic figures such as half yearly turnover to support their application.
We have connections with lenders that are in a position to approve applications with a minimum amount of documents and trading periods as brief as 6 months with strong turnover.
Get Specialist Support to Secure No Doc Truck Finance
Operators requiring without financials vehicle funding can directly access our broker services to connect with the right lenders and potentially a highly workable outcome. No referral is required to use our services for lite doc funding – contact is direct. From the initial contact, our brokers handle the entire credit process on behalf of clients.
Our lender accreditations include with the banking sector and with key non-bank lenders only accessible via specialist brokers. Working at an industry level with our lenders, we know what matrix or criteria each uses to approve credit applications. Using that intel and supported by our smart technology, we identify the most suitable lender for the profile of each client.
As a specialist heavy vehicle funding broker, we offer a comprehensive and thorough service to source and negotiate with lenders on behalf of clients. Structuring solutions with the lowest possible rates, optimised to the latest tax rulings and with a repayment schedule to work with cash flow.
- 20+ years of commercial lending experience.
- Specialist no doc truck finance broker.
- Australian company – all brokers based locally.
- Highly skilled, sharp and experienced brokers.
- Direct access, no referral.
- Member FBAA, Licensed Credit Provider.
Complete Selection of No Doc Low Doc Truck Loan Types Available
Once approved with a lite doc or without financials application, operators have the full portfolio of credit facilities to select from to purchase their vehicle. All products can suit all types of heavy vehicles – heavy duty, medium duty, light duty, fuel system variations, new, used and reconditioned, all brands.
The variations in credit facilities relate primarily to accounting practices and measures and we advise our clients to refer to an accountant to decide which option will best suit their operation in regard to tax and balance sheet. All features and benefits apply including the option for a balloon or residual and the relevant tax deductions. Additional security may be requested for some applicants.
- Low Doc Chattel Mortgage Truck Finance
- Truck Leasing No Doc and Low Doc
- Commercial Hire Purchase Low Doc Truck Finance
- No Doc Low Doc Rent-to-Own Truck Loan
How to Get Fast No Doc Low Doc Truck Financing Approval
With our expert services, we have the capabilities for fast approvals for lite doc heavy vehicle funding applications. Operators can apply online or over the phone with one of our brokers. Many applications can be approved in 24 hours so operators can move forward with their acquisitions.
FAQs
Low No Doc Truck Financing
Applications for vehicle funding that do not have all the financial documentation are referred to as without financials or no docs.
Yes. An ABN is essential, but this type of application infers that no documentation is available. Start- ups are typically in this situation.
An ABN is essential, but GST registration is not required to be eligible to apply for commercial credit. In addition, applicants are requested to provide as much information and documentation in regard to their operation as is available. This may include tax returns, annual accounts, BAS statements, turnover figures and similar.
Without financials applicants may be offered competitive rates on vehicle funding. All applications are assessed individually with offers subject to the lender criteria and matrix.
Yes. Once approved for lite doc funding, operators may select Leasing or Rent-to-Own, CHP or Chattel Mortgage.
Some lite doc applicants may be required to provide collateral in addition to the vehicle being purchased. This is subject to individual lender guidelines and assessment of the application.
Yes. When approved, without financials applicants can realise the tax deductions relevant to the credit facility selected.
Some lenders will approve lite doc vehicle funding based on 6 months of turnover.
Yes. Applications for vehicle credit may be submitted and approved prior to purchase.
Applicants may use an online credit calculator to obtain rough estimates for funding. Being mindful that the results obtained are estimates only.
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