Low-Doc Machinery Finance
Low doc machinery finance up to $500,000 lets eligible ABN holders finance new or used machines with reduced paperwork, using alternative income verification instead of full financial statements and tax returns.
Low Doc Machinery Finance Up to $500K in Australia
Low doc machinery finance gives eligible Australian businesses access to machinery finance up to $500,000 with reduced paperwork. Instead of full financial statements and tax returns, lenders may accept alternative income verification such as BAS statements, business bank statements or an accountant declaration.
Low doc machinery finance can be used for new and used machines, including excavators, rigid machines, tippers and trailers purchased from dealers, private sellers or auctions.
Your ABN and GST history, credit profile, business income and the machine being financed can influence the lenders and rates available.
With access to 80+ machinery finance lenders, we compare low doc options to find the right lender for your application and negotiate the sharpest rate you qualify for.
Low doc machinery finance up to $500,000 is available to eligible applicants and is subject to lender criteria, documentation requirements, credit assessment and approval.
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Low Doc, Light Doc & Full Doc Machinery Finance
When applying for machinery finance, lenders will generally offer Low Doc, Light Doc or Full Doc options. The right choice depends on your business structure, trading history, and the type of machine you're purchasing.
| Feature | Low Doc Machinery Finance | Light Doc Machinery Finance | Full Doc Machinery Finance |
|---|---|---|---|
| Financial Statements Required | No | No | Yes |
| BAS Statements Required | No | Usually | Sometimes |
| Business Bank Statements | No | Yes | Sometimes |
| Approval Speed | Fastest | Fast | Standard |
| Interest Rates | Higher | Competitive | Most Competitive |
| Borrowing Capacity | Up to $500k | Up to $500k | Up to $10m+ |
| Ideal Outcome | Quick approval with minimal paperwork | Balance of flexibility and pricing | Best pricing and maximum borrowing power |
Which Option Is Right For You?
Need help deciding? Our finance specialists will assess your circumstances and recommend the most suitable asset finance solution for your business.
| If You Are… | Recommended Option |
|---|---|
| Self-employed or businesses with limited financial records | Low Doc |
| Businesses with bank statements and BAS available | Light Doc |
| Businesses with full financials | Full Doc |
Low Doc Machinery Finance
Low Doc finance is designed for borrowers who want a simple, streamlined approval process. In most cases, no financial statements or BAS statements are required. Approval is generally based on your ABN history, credit profile, and the asset being financed.
Light Doc Machinery Finance
Light Doc finance provides a middle ground between Low Doc and Full Doc lending. Borrowers can often qualify using recent business bank statements and limited supporting documentation, without the need for full financial accounts.
Full Doc Machinery Finance
Full Doc finance is suitable for borrowers who can provide complete financial records and supporting documentation. This option typically offers the most competitive rates and highest borrowing capacity.
Low-Doc Machinery Finance — frequently asked questions
What is low doc machinery finance?
Low doc machinery finance allows eligible businesses to finance a machine without providing the full financial statements normally required for a traditional loan application. Lenders may use alternative documents to verify your business income and assess the application.
How does low doc machinery finance work?
Low doc machinery finance uses a simplified documentation process. Depending on the lender, you may be able to support your application with BAS statements, business bank statements, an accountant’s declaration or other evidence of business income instead of full financials and tax returns.
What documents do I need for low doc machinery finance?
Requirements vary between lenders. You may be asked for BAS statements, business bank statements, an accountant’s declaration or other evidence of business income. Your ABN history, GST registration and credit profile may also be considered.
How much can I borrow with low doc machinery finance?
Low doc machinery finance limits vary between lenders. The amount available will depend on your business turnover, trading history, credit profile, existing finance commitments and the machine you’re purchasing.
Can I get low doc finance for a new or used machine?
Yes. Low doc machinery finance can be available for new and used machines, including excavators, rigid machines, tippers and refrigerated machines, subject to lender criteria.
Can I use low doc machinery finance for a dealer, private sale or auction purchase?
Yes, depending on the lender. Low doc machinery finance may be available for machines purchased from dealers, private sellers and auctions. Different lenders have different requirements depending on how and where you’re purchasing the machine.
Do I need a deposit for low doc machinery finance?
Not always. Some applicants may qualify to finance the full purchase price of the machine, while others may need a deposit depending on their credit profile, business history, machine and lender requirements.
Can I get low doc machinery finance with poor credit?
Potentially. Some lenders consider low doc machinery finance applications involving previous credit issues. Your available rate, loan amount and terms will depend on your credit profile, business circumstances and the machine being financed.
How long can I finance a machine with low doc finance?
Low doc machinery finance terms vary between lenders and can depend on the machine’s age, value, your business history and the finance structure you choose. We can compare different loan terms and repayment options to find a structure that suits your business.
What are the current low doc machinery finance rates?
Current low doc machinery finance rates generally range from 6.55% to 15% p.a., depending on your credit profile, business history, documentation, machine age, loan amount and wanted finance terms. Our job is to compare 80+ lenders to find the lowest rate and repayments for your credit profile and wanted terms, then negotiate directly with lenders to get you the best deal possible. Rates are indicative only and subject to lender criteria, credit assessment, fees and individual circumstances.
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