>> low doc car loans
Low doc car loans are available specifically to self employed applicants or businesses who do not have up to date financials as required by mainstream lenders such as banks.
With Low Doc Car Loans the applicant is not required to provide payslips or financial statements to obtain a low doc car loan. Our brokers have access to a number of lenders that specialise in well priced Low Doc Car Loans.
The decision as to whether a low doc car is a possibility for a borrower depends on a number of factors, the main of which is the type of car the borrower would like to purchase.
There are a number of issues in relation to the motor vehicle being
purchased that the borrower looking for low doc finance needs to be aware of:
You may wish to consider a low doc car loan or other
car finance if you are:
For Borrowers with some history of bad credit, the lenders look for stability in employment and residential status. Short term employment may not present a problem providing there is a consistent work history dating back 3 years.
Easy Low Doc Car Loans - will require the borrower to declare an income amount. The lender will review bank statements for 3 months and average income for the year to see if it lines up with clients declaration
In cases where the loan is declined, lenders will often provide some guidance on how it can be approved in the future eg time frames, payment of defaults etc.
Supporting documentation required: