Just released.
Low doc loans for yellow goods.
No financials
No BAS
No accountants letter
No trading statements.
Must have clean credit and be for business use.
Includes, fork lifts and materials handling, excavators, diggers, skid steer loaders, trailers, tankers and earth moving equipment.
Similar criteria to low doc car loans:-
To qualify for these low doc yellow goods loans the excavator must be purchased from a licensed dealer.
Low Doc loans for yellow goods – property owner – NO DEPOSIT LOAN
- Maximum low doc loan amount (including,insurances etc) of $100,000
- New and used vehicles up to four (4) years old
- Supplied via a licensed dealership (no private sales)
- No negative equity to be financed
- ABN held and gst registered for a minimum of 24 months by applicant (in acceptable industry)
- Verified property owner with equity
- Satisfactory Credit Report on applicant and guarantors
- Standard rates, terms and residuals/balloons to apply
- Total exposure for all low doc car loans to be less than $250,000*
- Must be Australian resident.
Low Doc loans for yellow goods – non property owner
- Maximum low doc loan amount ( insurances etc) of $70,000 after deposit
- Minimum 30 percent deposit required on all loans
- New and used vehicles up to four (4) years old
- Supplied via a licensed dealership (no private sales)
- No negative equity to be financed
- ABN held and gst registered for a minimum of 24 months by applicant (in acceptable industry)
- Satisfactory Credit report on applicant and guarantors
- Standard rates, terms and residuals/balloons to apply
- Total exposure for all low doc car loans must be less than $250,000*
- Must be Australian resident.
Please note this low doc loans product is only available for commercial clients where bona fide business use can be verified.
