Low-Doc Equipment Finance Australia

Low-doc equipment finance suits established Australian businesses, typically trading 2+ years on an ABN and GST-registered, with demonstrable income through BAS, bank statements or active contracts and a clean-to-acceptable credit history. You skip the full-financials paperwork, not the credit assessment. If your business is genuinely trading and the numbers are there, a specialist lender can usually assess it.

We finance new, used, demonstrator, dealer and private-sale equipment across all major makes and models, including transport, earthmoving, construction and agricultural machinery. Your specialist matches the finance to your work and the lender to your file.

Pre-approval is typically inside 24 hours once you submit the form. Settlement timing then depends on the lender and asset details, with many Australian deals settling within a week of pre-approval.

No. Many of our lenders score the deal on contract income and asset value rather than requiring property security. Non-property owners regularly settle low-doc finance through Equifund.

Not always. $0 deposit is available for prime applications, especially for established operators with active contracts and project work. Other deals may require a deposit depending on the asset, the lender and the loan term.

Yes. We finance dealer purchases, private sales, auctions and end-of-lease buyouts. The equipment just needs to meet the lender's age and condition requirements.

Yes. Many Australian operators refinance to access a better rate, restructure repayments around their income cycle, release equity from the asset, or consolidate multiple loans into one facility.

We have a panel of 80+ Australian lenders spanning major banks, specialist asset financiers and non-bank lenders that specifically understand contract income and business equipment. Your specialist matches your file to the right lender for the deal.

Yes. We regularly settle multi-asset deals for Australian fleets, often splitting the package across more than one lender to fit each asset's spec and your overall structure.

Yes. In place of two years of full tax returns or audited financials, a specialist lender typically works from your recent BAS, bank statements and a signed Director declaration. It is faster to assess and built for time-poor operators, though your credit is still checked and the lender still needs to see a genuine, trading business.

A chattel mortgage gives you immediate ownership of the equipment while the lender holds it as security. You claim GST upfront and depreciate the asset for tax. It is the most common structure for established Australian owner-operators. A finance lease keeps the equipment on the lender's books with set monthly payments and an optional residual paid at the end of the term. Useful for fleet operators managing repayments against asset turnover. Your Australia-based specialist will recommend the structure that suits your business and tax position. Read the full chattel mortgage vs finance lease comparison.

Contract income recognition is how a specialist lender reads income from project payments, progress claims and BAS rather than treating only PAYG salary as income. Bank credit templates often miss this. Specialist lenders read contract income accurately, which is why established Australian operators are frequently assessed favourably on deals that mainstream banks decline.

Low-doc equipment finance is approval on a reduced documentation set, usually a Director declaration plus business activity statements or recent bank statements, rather than full financials. It is faster to process and common for established small-fleet operators in Australia who would rather not produce two years of full tax returns for a single asset purchase.

Pre-approval is a conditional finance approval issued before you commit to an equipment purchase. It sets the maximum loan amount, indicative rate, term and repayment structure so you can negotiate with dealers, private sellers or auction houses on solid ground. Equifund pre-approvals are typically issued within 24 hours of form submission.

An Australian Credit Licence (ACL) is a licence issued by ASIC permitting a business to engage in credit activities under the National Consumer Credit Protection Act. Equifund holds Australian Credit Licence 389328. Working with an ACL holder is a baseline regulatory protection for the borrower and a baseline trust signal for any Australian finance provider.