Low-Doc Equipment Finance

We finance prime movers, rigid low-doc, tippers, refrigerated units, B-doubles, trailers and specialty low-doc across all major makes including Kenworth, Volvo, Mack, Iveco, Hino, MAN, Isuzu and Scania. New, used, demonstrator, dealer or private sale.

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 freight 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 freight contracts. 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 low-doc 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 cashflow, release equity from the asset, or consolidate multiple low-doc 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 freight income and transport assets. Your specialist matches your file to the right lender for the deal.

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

Yes. Prime movers, trailers, refrigerated units and combinations are all on the panel. Trailer security can be structured independently of low-doc finance if that better suits the deal.

A chattel mortgage gives you immediate ownership of the low-doc while the lender holds it as security. You claim GST upfront and depreciate the low-doc for tax. It is the most common structure for established Australian owner-operators. A finance lease keeps the low-doc 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 cashflow against vehicle turnover. Your Australia-based low-doc finance specialist will recommend the structure that suits your business and tax position. Read the full chattel mortgage vs finance lease comparison.

Freight income recognition is how a specialist lender reads income from freight invoices, contractor payments and transport activity rather than treating only PAYG salary as income. Bank credit templates often miss this. Specialist lenders price freight income accurately, which is why established Australian owner-operators frequently get approved on deals that mainstream banks decline.

Low-doc low-doc 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 a low-doc. 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.

Yes. Low-doc, no-doc, ABN-only and BAS-only equipment finance is routinely available through specialist lenders on our panel for established businesses (typically 2+ years trading ABN) that may not have full tax returns or audited financials.

Yes. Lenders on our panel specialise in funding established operators that banks decline due to incomplete financials, industry concentration, or non-standard income. Active contract income, BAS and trade history carry the application.