Lender low-doc policies
Policy summary
Australian bank low-doc asset finance policy generally requires an ABN active for 24 months or more, GST registration, a clean credit file, a business-use asset no older than 15 years at the end of the term, and no financial statements up to a lender-specific cap. Non-bank lenders are more flexible on deposit and asset type at slightly higher rates.
Last reviewed 8 September 2026 by AssetMX.
Indicative shape of policy on the AssetMX panel. Your application is matched to a specific lender after the fit check.
| Criterion | Major bank low-doc | Non-bank low-doc | Full-doc or out of policy |
|---|---|---|---|
| Minimum ABN age | 24 months | 24 months | No minimum |
| GST registration | Required | Required | Not required |
| No-financials cap | $250,000 | $150,000 | Financials always required |
| Property ownership | Not required | Not required | Not required |
| Deposit | None for property owners; typically 10 to 20% otherwise, or a shorter term | Often none with clean bank statement conduct | Deal-specific |
| Credit file | Clean: no defaults, no judgments, no recent arrears on directors or the business | Clean or near-clean; small paid defaults sometimes considered with explanation | Assessed case by case with full financials |
| Max asset age at end of term | 15 years | 15 years | 20 years |
| Private sales | Allowed (inspection fee may apply) | Allowed (inspection fee may apply) | Allowed (inspection fee may apply) |
| Typical turnaround | Same business day conditional approval when fully in policy | Same business day to two business days | Days to weeks |
Major bank low-doc
Big-four and second-tier bank asset finance divisions. Sharpest rates, tightest policy. This is the policy AssetMX qualifies against by default.
Reviewed 8 September 2026
Non-bank low-doc
Specialist non-bank asset financiers. Slightly higher rates than the banks, more flexible on deposit, property ownership and asset type.
Reviewed 8 September 2026
Full-doc or out of policy
Deals that fall outside low-doc policy: new ABNs, no GST, credit impairment, unusual assets or amounts above the low-doc cap. Not the AssetMX model; a broker with lender relationships is the right channel.
Reviewed 8 September 2026
AssetMX qualifies every application against the major-bank low-doc tier first, because that is where the sharpest rates are. If you fit, you get the lender base rate plus a flat $800. If you do not fit the bank tier but fit the non-bank tier, we tell you the rate difference before you apply. If you sit in the full-doc tier, we say so in the fit check and suggest a broker.
Lender policies are confidential to accredited introducers and change without notice. We publish the policy shape by tier so you can see where you fit, and match you to a specific lender inside the application.
The lender approves on ABN age, GST registration, credit history and bank statements instead of full financial statements and tax returns. It is not "no-doc": identification, bank statements and the asset invoice are still required.
Not under bank low-doc policy, which is what AssetMX qualifies against. Some non-bank lenders consider 12 to 18 months with a deposit and property ownership, usually at higher rates through a broker.
Monthly, and immediately when a panel lender changes a headline criterion. The review date at the top of the page is 8 September 2026.
We look up your ABN and GST status and tell you which tier you sit in before you upload anything.
Trading 2+ years · Clean credit · Vehicles, trucks or equipment for business use