If you need a vehicle for business purposes but don't have up-to-date financials, a no-doc car loan may help. These commercial loans use simplified verification and are designed for self-employed operators, contractors, and ABN holders whose documentation doesn't fit standard lending requirements.
A no-doc car loan is a commercial finance product that requires minimal income documentation. To qualify for a NO DOC Car loan you must:
Ideal for contractors, sole traders, or small businesses with irregular income or non-traditional financial records.
Because the documentation requirements are lighter, some lenders offer comparatively faster assessments. Timeframes vary by lender and applicant profile.
Access to lenders who understand small-business cash flow and the realities of self-employment.
This type of commercial finance may be suitable for:
Because no-doc loans involve reduced verification, interest rates and fees may be higher than full-doc commercial loans. Your broker will outline all obligations, costs, and requirements before you proceed.
To qualify, the vehicle must be used predominantly for business purposes, such as:
Personal-use or mixed-use consumer loans generally require full documentation and fall under different lending rules.
Don't just take our word for it. Here's what our clients have to say about their experience working with Emma and the iLoans team.
"Emma has helped my clients with multiple equipment finance solutions and has been nothing short of amazing. From start up businesses to established businesses wanting to grow, Emma has always been able to assist with multiple options pertaining to equipment and asset finance. 5 stars is not enough!"
nznozee
"Emma is absolutely Amazing! Has helped me and my family out so much! No way in the world we could of got what we got without her help and she made it so simple and easy too. Definitely recommend! I'm sure we will need your help again one day!"
Hollie Waller
"Emma at iLoans was friendly, professional, efficient and super speedy in getting us a loan at a great rate. I would definitely recommend her if you are looking for a loan. We secured the funds so quickly and were able to buy the car we wanted. Thanks Emma!"
Rachel Mullan
"Thanks to Emma and Iloans team for their past & current assistance, with helping us establish our business & personal borrowing. Great customer service and ongoing support, looking forward for the next project. Thanks Em"
Allan Donald
"Emma, We at Prendergast Fasteners cannot Thank You enough. You have achieved everything we have asked of you over the last 10 years. When running several businesses we do not have the time to handle our commercial finances and dealing with you makes our life so easy, yet professional from beginning to end. Thank You for all you do."
Deb Prendergast
Prendergast Fasteners - Accounts
"I have used Emma at iLoans on numerous occasions for both personal and business based loans. In an ever increasing competitive market place, its her Level of customer Service, knowledge and a sense that nothing is too much trouble that makes myself and many others coming back!"
Carl Witherspoon
We'll help you understand what is available to your ABN, compare suitable lender options, and guide you through the commercial application process.
