What is a Lite Doc Car Loan, and how does it work?

A Lite Doc car loan allows you to purchase a vehicle for your business without needing to supply full financials normally required by lenders, such as Tax Returns and Notices of Assessment. Instead, we utilise the income evident in your business bank statements to assess your application.

Am I eligible for a Lite Doc Car Loan?

Provided your business is currently generating income, you have an ABN that’s been active for a minimum of 6 months, or 3 months if you have previously worked in the same industry, and you are an Australian Citizen, permanent resident, or hold a valid working visa.

What documents are required for a Lite Doc Car Loan?

The only documents we require to assess and approve your application are your current Australian Driver’s License & your Medicare card or other government-issued ID to confirm your identity, and three months of business bank statements showing your business income which we help you organise through our secure link.

What are the interest rates and costs for Lite Doc Car Loans?

There are many factors which impact the interest rate you may qualify for, these include but are not limited to length of ABN, your banking conduct and your credit file. As your credit score is not everything to us here at Ume Loans, we apply a common-sense approach when assessing your application to work toward an approval. Our rates range from 22.99% to 29.99% and our dedicated team of lending specialists are here to help you navigate the application process to see where you qualify. Our Lite Doc car loans have no upfront costs, all fees are included within your loan and all quoted repayments from your Lending Specialist will include any fees. Our process is fully transparent, and any fees included within the loan will be disclosed to you by your Lending Specialist when you are approved, to make sure you are fully aware and happy before proceeding.

Can I use a Lite Doc Car Loan to buy a vehicle for business use?

Yes, you can! A Lite Doc car loan is specifically designed so you can finance a vehicle for your business without the hassles of supplying complicated financials and documents.

Lite Doc Car Loans For Self Employed Aussies $5K-$40K

Lite Doc Car Loans

As a self-employed Australian, you may be aware of the struggles that can be associated with securing traditional finance through a bank. Without being able to supply payslips or up to date tax returns, getting a loan for a new or used work vehicle can feel out of reach.

That’s where our Lite Doc Car Loan can assist!

Our Lite Doc Car Loan is a low doc car loan product specifically designed for hard working business owners just like you, who may not have the traditional documentation required by most lenders. Instead of asking for financial statements and tax returns, we accept alternative forms of proof of income and offer a simple low documentation option that could have you pre-approved for your loan the same day!

Our Lite Doc Loan Features

Business Vehicle Loans from $5K To $40K
Same Day Approvals and Settlements
Finance for both Dealer and Private Sales
ABN from 3 Months with Prior Industry Experience

No Business Financials Required
GST Registration is Not Required
Minimum Credit Score of 300
No Early Termination Fees!

Ume Loans offers you unmatched convenience and support with a fast and efficient approval process that you’ll find simple and stress-free! Let’s explore how our Low Doc Car Loan can benefit you and professionally and personally.

Ready to Take the Next Step?

If you’re ready to purchase a vehicle for your business and you’re looking for a stress-free Lite Doc Car Loan, we’re here to help. Whether you need a reliable ute for your trade, a van for deliveries, or a car for client meetings, your dedicated Lending Specialist will guide you every step of the way. Reach out to us today and be ready to with some basic information so we can fast track your application for you:

Your ABN and proof of business operation (at least 3 months active)
We’ll send you a secure link to submit your recent bank statements
Have an idea of the vehicle you’d like to purchase between $5K and $40K.

Apply online today

Simply apply online today and let us help you get the behind the wheel of your next work vehicle.

The Personal Benefits of a Lite Doc Car Loan

1. Quick and Convenient Application Process

When you apply for a Lite Doc Car Loan with us, we streamline the approval process. By accepting alternative documentation, including bank statements to prove business income, we can assess your application quickly and get your car loan approved sooner. Your dedicated Lending Specialist will also take the time to understand you and your business. With same-day approvals and settlements, you can move forward without unnecessary delays.

2. A Vehicle That Fits Your Lifestyle

As a self-employed professional, your car often serves both personal and professional purposes. Whether you need a vehicle for your trade, making deliveries, or getting to client meetings, this low doc car loan product helps you secure a car that meets all your needs. With the flexibility to purchase from both Dealer and Private sales, you’re free to choose the vehicle that works best for you.

3. No Need for Traditional Income Proof

We know that being self-employed often means your income can vary or isn’t documented in the same way as a salaried employee. With a Lite Doc Car Loan, there’s no need to worry about providing payslips or complex tax returns. Your financial health can be demonstrated through simpler, alternative means, like bank statements to show cash flow, making it easier to access the finance you need.

4. Flexible Loan Terms with No Early Termination Fees

At Ume Loans, we believe in giving you full control over your finances. That’s why our Lite Doc Car Loans come with no early termination fees - yes, you read that right! If you’re in a position to pay off your loan early, you won’t be penalised, giving you added flexibility and interest savings.

5. Build Your Credit History

By successfully repaying your Lite Doc Car Loan, you can enhance your credit profile and score. Even if you have a less than perfect credit history, we can still help you with your finance needs and put you in a better position to rebuild your credit profile. Repaying your loan not only helps strengthen your credit history, it also paves the way for more and better financing options in the future.

The Business Benefits of a Lite Doc Car Loan

1. Support Your Business Growth

If you’re a tradie, a consultant, or a small business owner, having a reliable vehicle is often a necessity. With a Lite Doc Car Loan from Ume Loans, you can invest in a car, van, ute or lite truck that supports your business operations. With loan amounts ranging from $5k to $40k, we cater to a wide range of business needs, ensuring you have the tools to grow and thrive.

2. Tax Deduction Opportunities

When you use your vehicle for business purposes, you may be eligible to claim deductions for expenses such as loan interest, depreciation, and running costs. We recommend consulting with your accountant to maximise these benefits.

Additionally, commercial vehicles financed through Ume Loans may qualify for the government’s instant asset write-off scheme. This allows eligible businesses to claim the full cost of a vehicle in the same financial year provided it fits within the allowed threshold , which can significantly improve your cash flow.

3. Preserve Your Cash Flow

Purchasing a vehicle outright can strain your working capital, which is critical for running your business. A Lite Doc Car Loan allows you to spread the cost over manageable repayments, preserving your cash flow for other important business expenses like tolls, inventory, marketing, or hiring more staff.

4. Custom Solutions for Self-Employed Borrowers

Unlike traditional loans, our Lite Doc Car Loans are tailored to meet the needs of self-employed professionals. With no requirement for business financials or GST registration, we make it easier for you to access the finance you need without unnecessary hurdles.

5. Own Your Vehicle as an Asset

Unlike leasing, which only gives you temporary access to a vehicle, our low doc vehicle loans allow you to own your car outright at the end of the term. This means you’re building equity in an asset that’s essential for your business. Owning a vehicle can also improve your company’s financial standing and make daily operations more efficient.

5 Simple Steps
To Getting Your Loan

Apply Online

Enter some basic details so we know who you are, and what you’re looking for! This will not affect your credit score. This is where you will submit your bank statements online.

Speak with an Expert

Our Australian based Lending Specialists will reach out to discuss what documents they need from you.

Get Pre-Approval

Once approved, your lending specialist will guide you through the details - so you know exactly what to do!

Finalise your documents

Once you’ve decided on your new purchase, we’ll prepare the documents for you to sign online.

Get Your new car!

Once all parties have the paperwork, you’ll be ready to settle your finance!

Apply Now
It takes just 2 minutes and its obligation free

5 Simple Steps To Getting Your Loan

1. Apply Online