{"id":13605,"date":"2021-09-21T02:51:40","date_gmt":"2021-09-21T02:51:40","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/?post_type=blog&p=13605"},"modified":"2024-05-27T13:13:52","modified_gmt":"2024-05-27T13:13:52","slug":"how-to-secure-a-low-doc-vehicle-loan","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/au\/blog\/how-to-secure-a-low-doc-vehicle-loan\/","title":{"rendered":"How to secure a Low Doc vehicle loan?"},"content":{"rendered":"\n

As a new business owner your plate is always full of tasks required to get your business up and running. Having access to the right vehicle is critical.  However, having the time to source, compare and apply for finance is very hard for new business owners and requires endless paperwork.  BUT it doesn\u2019t have to be this way with Swoo<\/a>p’s low doc vehicle and asset financing<\/a> options for businesses with new ABNs.<\/p>\n\n\n\n

What is a low doc vehicle loan?<\/strong><\/p>\n\n\n\n

Low doc (low documentation) car loans are typically taken up by people who are self-employed<\/a>. These are also commonly referred to as \u201ccar loans for ABN holders\u201d. The main difference between a normal car loan and a low doc car loan is what information you\u2019re able to give a lender when applying (usually your income).<\/p>\n\n\n\n

Instead of your bank statements or tax returns (which you might not readily have access to), lenders will often ask you to sign a declaration of income to verify your income.<\/p>\n\n\n\n

The low doc loans options for new businesses available on Swoop<\/a> can be approved without the need for financial documents.  <\/p>\n\n\n\n

Who is best suited for a Low Doc Vehicle Loan?<\/strong><\/p>\n\n\n\n

They\u2019re especially useful for new business owners and the self-employed who may struggle finding the time to access and collate the necessary paperwork including tradies, bakers, event planners and farm workers.<\/p>\n\n\n\n

Swoop low doc loan options for vehicle and assets are available across all industries, so long as the vehicle will be used predominantly for business purposes.  <\/p>\n\n\n\n

You\u2019ll simply need a deposit in order to qualify for a low doc vehicle loan with us \u2013 there\u2019s no need for property ownership, financial statements and tax documents as long as you have a clean credit history.<\/p>\n\n\n\n

Why apply for a Swoop low doc vehicle loan option?<\/strong><\/p>\n\n\n\n

By using the Swoop platform to apply for a new low doc vehicle loan you\u2019ll save valuable time and have access to greater resources including a dedicated funding manager to guide you from start till end. Swoop will also allow you to:<\/p>\n\n\n\n