How to Get Low Doc or No Doc Car Loans

By Angela Monroe - October 29, 2018

Understanding no doc and low doc car loans

There are many reasons why you may have none, or few of the documents generally needed for getting a car loan. At Loans for People With Bad Credit, we believe that everyone deserves a chance at getting bad credit car loans, and we can often help you with low doc car loans regardless of your situation.

Find out how we can help you with bad credit car loans.

What are low doc car loans?

Low doc car loans are when you apply for a car loan but do not have much documentation that offers proof of your income. Often, big lenders and banks will require a set amount of documents to approve a car loan and without these, they may reject your application.

People who need low doc car loans could be ABN holders and self-employed workers who don’t yet have a record of tax returns. Without evidence of payslips, lenders see borrowers as high-risk since they are not able to show proof of a regular income.

Low doc car loans can be a real necessity for new business owners who need a car for the success of their business, yet don’t have the paperwork to apply for a standard car loan.

What are the chances of getting low doc car loans?

Low doc car loans will generally look at other methods of verification that you might be able to offer. You should be able to provide your lender with documents such as bank statements and proof of address if you are unable to provide tax returns from previous years or regular payslips from an employee.

There are definitely many cases where borrowers are approved for low doc car loans, but it’s also important to be aware that a lender will want to be fully confident that you can repay the loan in full. Working with a bad credit specialist will help you to find the right lender for you and increase your chances of getting a low doc car loan.

Be prepared for lenders to check your previous credit history and make sure that you have all of your available paperwork such as bank statements ready to go.

What if I have no documentation?

If you have no documentation, you’ll be looking at getting a no doc car loan. This obviously makes a lender view you as a higher risk borrower than someone who can provide evidence of a regular income, but it may still be possible to get a car loan.

As long as you have proof of identity – ideally an Australian driving licence – we will do our best to help you find a no doc car loan, but you should be aware that you may have higher interest rates and fees than with other car loans.

Does it help if I have an ABN?

Having an Australian Business Number is essential for those who are self-employed or sole traders. Although your ABN won’t necessarily convince a lender that you are right for a low doc car loan, it certainly won’t do any harm.

Extra tips for getting low doc car loans

Always check your credit file to ensure that your credit score is as high as it can be and that there are no mistakes. This will help to avoid lenders finding anything that could cause them to reject your application. We can provide a free credit check for you today.

Be honest with your lender wherever possible. Speak to them clearly about your situation and do not try to withhold any information – this could be extremely damaging and affect your chances of borrowing in the future.

Speak to us today to find out how we can help. We have years of experience helping people get bad credit car loans, and we know the right lenders to help you in your situation. Avoid your chances of getting rejected by letting us direct you to the best lenders for bad credit car loans.

Find out how we can help with low doc bad credit car loans.

Angela Monroe
Angela Monroe is the Community Manager at The Positive Group, specialising in giving people the information that they need when they need it, and putting you on the path to a fair financial future. She has 8 years of experience in helping Australians find the right finance solutions, and regularly contributes articles to empower Australians with the knowledge they need to become financially healthy.


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