With the Major banks and finance companies tightening their Credit Policy and raising interests rates, it’s somewhat of a pleasant surprise that we can offer a Self Declared Income Vehicle Loan (Lo doc loan) and a Replacement Commitment Vehicle Loan at the same rates as an ordinary Full Doc Vehicle Loan.
Rates start at a very low 7.99%.
The Criteria to qualify for Self Declared Income Vehicle Loans up to $50000.00 are as follows: (note: Professionals qualify for up to $100000.00)
- Business in operation for 12 months
- Asset backed (Home Owner or Mortgagor) or
- Existing A rated customer with a financial institution for similar goods/amount
And for a Replacement Commitment, as long as the goods being replaced are like-for-like, your current loan is paid on time and the new repayments are not more than 25% greater than the existing payments, you will be Approved for up to $50000.00.
We are also the ONLY Queensland finance broker that is accredited with Last Chance Car Finance Pty Ltd (www.lastchancecarfinance.com.au). A company that specialises in assisting customers that have circumstances outside the traditional banks and finance companies criteria.
So if you are self employed and don't have up to date financials.... we still have some finance options for you to purchase your new car or that piece of equipment you need.