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Low Doc & No Doc Equipment Loans

7 Jul Today's
best rate
Finance Equipment From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 05/08/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Compare Jade’s Best Interest Rates on Different Loan Products

Jade achieves cheap interest rates on both equipment finance and across our comprehensive loan portfolio. Refer to this comparison table to see the different rates for each loan product. Repayments for each loan product can be easily calculated by entering a loan amount and loan term. For a specific quote on your low docs or no docs loan, please contact us or request a quote online.

Loan Amount
Loan Term
New Equipment Loan
2.79% Starts At
$569.75
Monthly repayment
Used Older Secured Equipment Loan
4.50% Starts At
$612.5
Monthly repayment
Business Loans - Unsecured
7.99% Starts At
$699.75
Monthly repayment
Business Loans - Secured
2.95% Starts At
$573.75
Monthly repayment
Overdraft - Non Bank
9.95% Starts At
$748.75
Monthly repayment
Chattel Mortgage
2.79% Starts At
$569.75
Monthly repayment
Operating Leases
4.60% Starts At
$615
Monthly repayment
Commercial Hire Purchase
2.79% Starts At
$569.75
Monthly repayment
Rent To Own
9.95% Starts At
$748.75
Monthly repayment
Loan Product Interest Rate
Starts at:
 Monthly Repayment
New Equipment Loan 2.79%
$569.75
Used Older Secured Equipment Loan 4.50%
$612.5
Business Loans - Unsecured 7.99%
$699.75
Business Loans - Secured 2.95%
$573.75
Overdraft - Non Bank 9.95%
$748.75
Chattel Mortgage 2.79%
$569.75
Operating Leases 4.60%
$615
Commercial Hire Purchase 2.79%
$569.75
Rent To Own 9.95%
$748.75
Get a free quote

DISCLAIMER: All the fees and charges which apply to individual loan products may not be included in the interest rates as shown. Fees, charges and conditions which apply to individual applications for no docs and low docs finance are not all included. Any loan quote or offer made to you may vary from the figures displayed. This resource is provided solely for comparison purposes and is not an application for finance. The results shown and calculated are not an offer of finance, a quote or an approval of a finance application. Interest rates are for business finance where the goods are used for more than 50% business use and loan is under an ABN.

As licensed finance professionals, Jade is ideally qualified to discuss no doc equipment finance options with businesses which don’t have all the documentation usually required to acquire finance.

Businesses are invited to contact Jade and discuss their individual requirements with one of our consultants for no doc and low docs . Each situation is different and we work closely with our customers to source options for their machinery finance, regardless of circumstances.

More Choices for Equipment Finance

  • If you’ve already been rejected for bank finance because you didn’t have all the documentation they demanded, that doesn’t mean an end to your equipment acquisition - speak with Jade.

  • If you are unsure if you have all the documentation required for an equipment loan and are hesitant to apply directly to a bank or finance company – no problem, speak with Jade.

We are accredited with a vast number of banks and lenders, including industry-only sources. So we have more choices to contact, present your application and source options for your no doc or low doc equipment finance.

Our expertise and extensive experience over 20+ years in the financial services sector is your assurance that we have the industry contacts and know-how to assist you with options.

Positive, Helpful, Cooperative Attitude

On contacting Jade, the first thing that you will quickly realise and appreciate is that we are different from banks and finance companies. Jade work in your best interests. In the interest of making the way forward as easy as possible for you, not putting more obstacles in your path to a workable financial solution. Every consultant provides helpful advice and guidance for every customer with a cooperative and positive attitude.

You will be designated your Jade consultant, who has experience in both finance and your industry sector. That will provide you with a single point of contact to stay across the progress of your finance application. On your behalf, your consultant will approach lenders that are most amenable to providing finance to low docs and no docs options. All contacts are confidential and no steps will be actioned without your consent.

By working with Jade, you have a professional handling your finance and making presentation on your behalf, negotiating with lenders and working towards a positive outcome.

Types of Finance Options

Your consultant will be working towards securing you a workable offer from a selection of commercial finance types, including:

  • No Doc Chattel Mortgage

  • Low Doc Commercial Hire Purchase (CHP)

  • No Docs Leasing

  • & Equipment Rental

We invite you to take full advantage of our service and we welcome your call.

To discuss your options contact Jade Equipment Finance on 1300 000 003.

Business VehicleFinance Calculator

Using this free online calculator is established on the end user's understanding as well as acknowledgment that the estimated repayments displayed does not illustrate a lending quote; it does not suggest an application for any kind of finance has actually been lodged; it is not an implication that any funding application has actually been approved. The formatting of this online calculator does not take into account specific details pertaining to any kind of specific personal finance application or any type of lending institution fees and costs. It is formatted to provide a basic outcome based on basic info as well as amounts solely.
After lodging a formal loan application, the quote and payment totals that you may possibly be supplied might vary from the estimate calculated by this tool.
The gadget is not suitable for calculations on car loans that are established on a passion only basis. The formatting is purely established to compound interest for a chosen amount of time based on the amounts typed in by the site visitor.
The calculator is not intended as a tool for finance decision making. Individuals that need financial advice ought to choose a professional financial expert in relation to their personal circumstances. To apply for lending and acquire a quote based on your individual requirements, the individual must call Jade and also have their personal application reviewed by among our Jade specialists.

Finance Calculator Disclaimer

Business Vehicle Finance FAQs

Throughout our website we have endeavoured to cover off a many details around equipment finance including the purchase of business vehicles. But we fully appreciate that a business vehicle is a major investment and many customers will have queries around the finance products and our lending process. In this section we canvass a range of additional topics and specific questions which we trust will answer any queries you have. For more information on any areas of business vehicle finance, just give us a call on 1300 000 003.

What types of vehicles are classified as business?   

Business vehicles are classified as vehicles which are used in a business or for the purpose of operating predominately (more than 50%) in a business and are purchased and financed through a business entity. This can include passenger cars used by reps, light commercial vehicles, vans used for delivery or specific purposes such as set up as a technician or repairer mobile work space, utes, cab chassis, light through to heavy trucks, MPVs, 4WDs, wagons and buses. Finance is also available for other types of vehicles such as materials handling vehicles including forklifts and pallet trucks, bulldozers, earthmoving vehicles. These categories could be considered as a construction equipment category or as business-related vehicles.

Are pre-approved equipment loans available?   

Yes. A pre-approved loan can be extremely useful when approaching a vehicle purchase and is quite common practice for many businesses. Pre-approved vehicle finance is arranged in similar steps to that of a loan arranged after a vehicle is selected and/or purchase deal agreed upon. Except, it is usually based on an estimate of what our customer anticipates their vehicle will cost rather than on an invoice for sale issued from the seller. Most people have at least a rough idea of what they will be paying for a vehicle so estimating a loan amount is quite easy. A loan quote is sourced for that amount. On approval of the quote, the application is processed through to the final approval stage. Customers can then proceed with confidence to select a vehicle and commit to a purchase. The loan amount is then finalised on the contract and any adjustments made when the final invoice is received.

Can I get finance on the entire vehicle price?   

Yes in many cases. This is often referred to as no deposit finance and is the preferred way to go for many businesses. Most business are looking to capitalise fully on any tax deductions and other benefits associated with their choice of finance deal and rarely want to use their cash at hand to make a deposit on a vehicle. Finance is sourced which covers the purchase price, dealer delivery charges which usually incorporate the first year’s registration and CTP. A no deposit finance deal allows borrowers to free-up cash flow for other purposes. Commercial finance products include an option for a balloon or residual. This is an amount of the purchase price which is payable at the end of the finance term. Sometimes considered as paying the deposit at the end. By varying this amount you can achieve the repayments that suit your expectations. Use a loan calculator to play around with different variations to see what may work for you.

What type of loans are available in Australia?   

A comprehensive selection of business finance products is available for vehicle purchases. These include Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Own. The differences in these loan types include suitability to either the cash accounting method or accruals method of accounting; balance sheet entry; treatment of GST; and what elements at what timing tax deductions are realised. All offer benefits in different ways depending on individual set-ups, financial objectives and personal preferences. Deciding which is the best loan for your business should be discussed with your accountant or financial advisor. These loans include fixed interest rates, fixed repayments, fixed loan term and individually negotiated terms and conditions.

Can I get rough loan repayment estimates?   

Yes. There are a number of self-serve finance resources which allow businesses to plan their purchases and their loan structure. These include a Loan Comparison Calculator and an Equipment Finance Calculator. The Loan Comparison Calculator is an easy to follow chart which shows the cheap interest rates that are currently being achieved across a loan portfolio. By entering the amount you want for your total loan and the loan term you would prefer, you will see the rough estimate of repayments on each different loan type. The Equipment Finance Calculator is another self-serve device which goes a step further than the loan comparison chart. You can enter the loan amount, loan term and any balloon/residual you may like to include. The calculator then formulates a repayment ballpark based on the data you have entered. You can play around with the figures to get an idea of how you would like your loan structured to achieve the repayment level you prefer.

Can I get finance with a brand new ABN?   

It could be possible to achieve a business vehicle loan with a newly acquired ABN. Select lenders provide specialised services for businesses just starting up and for applicants that do not meet all the requirements as designated by say the major banks. Loans for this category of applicant are referred to as start up business loans, The minimum requirement is to hold a current ABN and have identification. Being registered for GST is not essential but preferred. From that point, the more documentation you can provide to support your application, the better your prospects in regard to terms and conditions. The criteria for this type of loan are stricter than for fully-documented business vehicle loans but all loan products are available. Individual lenders will apply their own set of conditions after assessing an application. These may include additional property ownership or security, a good credit profile and possibly request the total loan amount be reduced.

Do I need to get comprehensive insurance?   

 All finance agreements on secured business vehicles will stipulate that the borrower take out a comprehensive insurance policy on the vehicle. This is in addition to the compulsory third party insurance, CTP. Most commercial finance products are based on a secured loan format. That means the lender uses the vehicle as security against the loan such as with Chattel Mortgage or the lender retains ownership of the vehicle on their balance sheet. In order to assure that security the borrower needs to take out an insurance policy. The lender will want to be assured that should the vehicle be stolen, damaged or completely written-off in an accident, the insurer will cover your loan. 

Is the interest rate the same for all loan products?   

No. Business loan products, known as commercial finance facilities attract varying interest rates. The variations reflect the differences in the loans from the risk and lender perspective. Chattel Mortgage which is also known as Vehicle Loan, attracts the lowest rate across the range of business loan products. Commercial Hire Purchase is typically the same or similar to Chattel Mortgage as it shares similar features. Leasing attracts a higher rate. This is universal across the finance lending sector. However, the rates offered by individual banks and lenders vary, at times, significantly across all loans. These difference reflect how a lender prices that particular loan segment and their own costs of sourcing funding.

Can a sole trader apply for business vehicle finance?   

Yes. Sole trader is a recognised business operating structure and is eligible for business vehicle finance. Sole traders are required to acquire an ABN in order to operate as a business and that is the main criteria for business lending. Being registered for GST is not an essential requirement. It can be seen as favourable by some lenders and if a business has a turnover exceeding $75,000 pa, the ATO requires they register for GST. All types of businesses are eligible for business vehicle finance including owner operators, SMEs, large corporations, partnerships and family enterprises.

What are the requirements for low doc and no doc vehicle finance?   

Docs refers to the financial documents, income tax returns, annual accounts etc which banks and lenders request as part of the business finance application process. Businesses that have very little or none of these docs can seek low doc and no doc finance. The minimal requirements are a current ABN, ID and good credit rating. Being registered for BAS is not essential but viewed on favourably by some lenders. The quantity of docs a business has determines if they seek low or no docs. The more the docs produced to support a finance application, typically, the more favourable the loan conditions. Businesses just starting up can apply for category of finance. While some banks and lenders have a minimum requirement of 12-24 trading time as eligibility for finance, there are non-bank lenders that do not have this requirement.

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