Lo Doc – Self Employed
Whether you are looking for a full doc loan (Have all your financials up to date) or a Lo Doc loan (letter from the accountant) car loan for people with bad credit are ready to help. If you are among the self-employed customers who do not have necessary paper work to access a prime standard loan, low documentation (or Lo Doc) car loans are a great option. It can still offer you’re the features most of the other car loans can with the ability to provide recent BAS statements or a letter from your accountant to reflect your current income rather than the latest full set of personal and company tax returns.
If you’re just starting out in business or have a job that has seasonal or irregular income, this may be an option to consider. The maximum loan amount for this type of loan is lower than the other full doc loans but can still provide a competitive monthly repayment to get you back in your business and doing what you do best.
Lo doc loans are perfect for start-up business, self-employed or contractor with minimal income proof available at hand or customers that have irregular income. If sounds like the type of profession you fall into right now, why not give us a call to discuss your options. If you don’t have time to call, drop us an email and we can give you a call back.
Features
Maximum loan amount** 80,000
Minimum loan 5,000
Maximum loan term 7 years
Minimum loan term 2 years
Repay weekly, fortnightly, monthly Available
Balloon payments Available
Contact us for a quote
We always look at each client and circumstances differently when it comes to car loans for self-employed people. Whether you’ve been in business for years or are running a new business start-up, low-doc car loans offer a great alternative to the regular car loan option.
Don’t get caught in the past. We can look at your personal situation regardless of the type of income you generate, to give you the best car loan solution specific to your own personal needs.
Calculators
Check your repayments to see how much you can afford each week. This will give an indication of the type of loan amount you may be able to arrange. Give us a call now !