process
How long does asset finance approval take?
Short answer
Getting a quote takes about 60 seconds online. If your application fits lender low-doc policy, conditional approval is typically given the same business day. Settlement then follows once the asset invoice and signed documents are in, often within 24-48 hours.
Last reviewed 8 September 2026 by AssetMX.
Direct answer
Asset finance approval on AssetMX moves in three stages: an online quote, conditional approval, and settlement. Getting a quote takes about 60 seconds. If your application fits lender low-doc policy, conditional approval is typically given the same business day. Settlement then follows once the asset invoice and signed loan documents are received, often within 24-48 hours.
The approval timeline
A low-doc application that meets policy moves quickly because it relies on automated checks rather than manual review of full financials.
| Stage | What happens | Typical timing |
|---|---|---|
| Quote | Online form, indicative rate and repayment shown | About 60 seconds |
| Conditional approval | Lender reviews ABN/GST status, director ID and bank statements | Same business day (in-policy) |
| Settlement | Asset invoice and signed documents processed, funds released | Often 24-48 hours |
These timeframes apply to applications that fit lender low-doc policy: an ABN active for 24 or more months, GST registered, at least one director or guarantor, and business use of the asset. A deal that falls outside policy, or needs full financials, will take longer because a lender may request tax returns or BAS before approving.
What speeds up settlement
The main thing that determines how fast you settle is how quickly your documents are ready. Having your director ID, 3 to 6 months of business bank statements, and the signed asset invoice or quote on hand before you apply removes the usual back-and-forth. See documents needed for low-doc asset finance for the full list.
Credit checks and your file
A quote on AssetMX does not touch your credit file. A credit check on the business and its directors only happens once you submit a formal application. For more detail see does asset finance affect my credit score.
Where to next
Ready to see indicative timing and repayments for your situation? Get a quote from the home page or check lender policies for what different lenders require.
This is general information only and does not take your circumstances into account. It is not financial, tax or legal advice.
Related questions
Can I get approved in 15 minutes?
No. We do not promise instant approval. Conditional approval for in-policy low-doc applications is typically same business day, not instant.
Does requesting a quote affect my credit file?
No. A quote on AssetMX does not touch your credit file. Lenders run a credit check on the business and directors only once a formal application is submitted.
What can slow settlement down?
Missing or incomplete documents, such as an outstanding asset invoice or unsigned contract, are the most common cause of delay.
Ready? Three questions, then we take it from there.
One flat $800 fee, disclosed before you start. Nothing touches your credit file until you say so.
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