Timing is everything in transport and logistics – so if you’re applying for a loan for a new prime mover, paperwork delays can be detrimental.

That’s why Loans Unlimited offers low doc prime mover finance. These faster, more flexible loans avoid the red tape and keep Western Australian drivers and operators on the road.

To learn more, get in touch with our crew.

What Is a Low Doc Loan?

A low documentation loan is designed for borrowers who can’t access the usual financial paperwork lenders demand. Instead of tax returns, profit and loss statements and balance sheets, you can verify your ability to repay with bank statements, ABN history or an accountant’s letter.

If you run your own business, subcontract for multiple clients or are hoping to get into the transport sector, this type of loan makes finance faster, simpler and far less stressful.

Who Benefits Most from a Low Doc Prime Mover Loan

This loan structure isn’t for everyone, but for many operators, it’s exactly what’s needed to keep the wheels turning. Low doc loans make sense if you are:

• Self-employed and don’t have recent tax returns available

• Expanding your fleet or replacing an old vehicle mid-contract

• Starting a new transport business and have a good amount of work already lined up

• Working seasonally and need a lender that looks beyond traditional paperwork

In other words, low doc loans suit operators who have a strong business with consistent income, even if they don’t have the full suite of financial statements. It’s a practical solution for hard working Aussies who don’t have the time to be buried in admin.

What You’ll Need to Get a Low Doc Loan

Whilst it may be a simpler way to secure a truck loan, it’s important to remember: low doc doesn’t mean no doc.

Whether you’re after a prime mover or a semi truck, lenders will still want some information to assess risk and set your loan terms. Typically, you’ll need.

• ABN and GST registration (usually 12 months or more)

• Business bank statements (three to six months)

• Driver’s licence and other identification

• Vehicle details (make, model, year and price)

• Deposit amount

Some lenders will also ask for an accountant’s declaration to confirm your income and trading history.

How Loans Unlimited Creates Truck Loan Applications That Work For You

Trying to compare lenders on your own isn’t easy. There’s so many to research and if you lodge too many applications, it can damage your credit rating. At Loans Unlimited, our crew do all the heavy lifting for you:

• We compare dozens of lenders who understand heavy vehicle finance

• We negotiate rates and terms on your behalf

• We handle the application, so you can stay focused on work

• We find a solution even if your financials aren’t perfect

When you lodge a single application with us, you’re seen by a panel of over 40 lenders. With so many options, we’ll be able to match you with finance that suits your business, not just your paperwork.

Get Pre-Approved for Truck Loan Today

At Loans Unlimited, our crew understand that every day off the road is money out of your pocket. That’s why we work to secure fast turnarounds for truck finance, whether it be for a single vehicle or a small fleet, a low doc or traditional application.

Don’t think of a low doc loan as a shortcut. It’s a smarter route for the operators who keep Australia moving, but don’t have time for all the red tape. To learn more from our team and take the first step toward quick, simple and transparent finance, click ‘Apply Now’ at the top of your screen.