Need to finance a piece of equipment for your business but don’t want to hand over years of tax returns? No doc equipment finance is exactly what it sounds like — finance for self-employed Australians that doesn’t require financial documentation.

CarFund arranges no doc and low doc equipment finance up to $500,000 for ABN holders across Australia. No tax returns, no accountant letters, no financial statements. Just your ABN and, for the zero-paperwork product, the property you own.

Pre-approval in 24 hours. Call 1800 199 302 or get a free quote online →

What Is No Doc Equipment Finance?

No doc equipment finance is a finance product designed for self-employed business owners who either can’t provide full financial documentation or simply don’t want to. “No doc” means no tax returns and no financial statements are required to get approved.

It works differently from a standard bank loan. Instead of assessing your ability to repay based on documented income, specialist lenders assess:

Your ABN (how long it’s been active)
The equipment itself (the asset is security for the loan)
Your property ownership (for the true zero-doc product)
Your credit history

This makes no doc equipment finance particularly well-suited to contractors, sole traders, and small business owners whose tax returns don’t reflect their actual income-earning capacity.

Who Qualifies for No Doc Equipment Finance?

Property owners — zero paperwork:
If you own property with equity (residential or commercial), you may qualify for CarFund’s true no doc product — no bank statements, no BAS, no financial statements of any kind. Just your ABN and confirmation of your property ownership.

This product is available for equipment finance up to $500,000.

ABN holders without property — low doc:
If you don’t own property but have an active ABN and can provide basic business bank statements or BAS statements, you qualify for low doc equipment finance. The documentation required is minimal compared to a full doc bank loan.

Basic requirements:

Active ABN (12 months+ preferred)
Clean credit history (or contact us to discuss options)
Australian resident
The equipment must be for business use

What Equipment Can Be Financed?

CarFund arranges no doc and low doc finance for a wide range of equipment used by self-employed Australians:

Construction & Earthmoving

Excavators and mini excavators
Bobcats and skid steers
Bulldozers and graders
Compactors
Concrete equipment

Agricultural

Tractors
Headers and harvesters
Irrigation equipment
Balers and planters
Sprayers

Material Handling & Warehouse

Forklifts
Telehandlers
Pallet jacks and stackers
Reach trucks

Trucks & Transport

Prime movers and semi-trailers
Tipper trucks
Refrigerated trucks and reefer vans
Flatbed and curtainsider trailers

Other Business Equipment

Printing and manufacturing equipment
Medical and dental equipment
Hospitality equipment
IT and technology assets

If it’s a tangible asset used in your business, there’s a good chance CarFund can arrange finance for it.

How No Doc Equipment Finance Works

The process is straightforward:

Step 1 — Free quote (5 minutes)
Call us on 1800 199 302 or submit your details online. Tell us what equipment you need and roughly what it costs. We’ll give you an indicative rate and tell you what documentation (if any) you’ll need.

Step 2 — Application
For true no doc, we just need your ABN details and property information. For low doc, we’ll ask for 3–6 months of business bank statements or BAS statements. No tax returns either way.

Step 3 — Pre-approval (24 hours)
Most applications receive a credit decision within 24 hours. We work with Macquarie Bank, Capital Finance, and other specialist lenders to get you the best outcome.

Step 4 — Settlement (2–3 business days)
Once approved and you’ve selected your equipment, settlement typically takes 2–3 business days. Funds go directly to the seller.

Finance Structures for Equipment

Chattel Mortgage

The most popular structure for ABN holders. You own the equipment from day one while the lender takes a mortgage over it as security. GST on the purchase price is claimable on your next BAS, and you can claim depreciation and interest as tax deductions.

Finance Lease

The lender owns the equipment during the loan term and you make regular lease payments. Full lease payments are typically tax-deductible. At the end of the term you can purchase, extend the lease, or return the equipment.

Commercial Hire Purchase

Similar to chattel mortgage but structured as a hire agreement. You make regular payments and own the equipment outright at the end of the term.

Operating Lease (Rental)

Short to medium-term rental of equipment with no ownership at the end. Good for equipment that becomes obsolete quickly or for project-specific needs.

Not sure which structure suits your tax and cash flow situation? Our brokers will walk you through the options. Book a call →

No Doc Equipment Finance vs Low Doc: What’s the Difference?

	No Doc	Low Doc
Tax returns required	❌ No	❌ No
Bank statements required	❌ No	✅ 3–6 months
BAS statements required	❌ No	✅ Sometimes
Property ownership required	✅ Yes	❌ No
Max loan amount	$500,000	$500,000
ABN required	✅ Yes	✅ Yes

If you own property, the true no doc product is the simplest path — zero financial documentation. If you don’t own property, low doc requires minimal paperwork and still doesn’t need tax returns.

Why Self-Employed Australians Choose No Doc Finance

The standard bank equipment loan process requires two years of business financials, two years of personal tax returns, an accountant’s letter, and often a business plan. The whole process can take weeks, and you may still get knocked back because your taxable income looks low.

No doc equipment finance sidesteps this entirely. Specialist lenders understand that self-employed income is structured differently — a profitable business owner who minimises their taxable income is not a credit risk, they’re a savvy operator.

CarFund has been placing no doc and low doc equipment finance for over 20 years. We understand the nuances and work with lenders who do too.

EOFY Equipment Finance: Buy Before 30 June

If you’re considering equipment finance, buying before 30 June has significant tax advantages:

Instant Asset Write-Off: Business owners may be able to claim an immediate deduction for the cost of eligible equipment in the year of purchase. This can dramatically reduce your tax bill for the current financial year.

Depreciation timing: Even if instant write-off doesn’t apply, assets purchased before 30 June are depreciated from this financial year — one year earlier than if you wait until July.

Dealer end-of-year deals: Equipment dealers and manufacturers often offer discounts, rebates, and bonus inclusions at EOFY to clear stock.

Getting pre-approval now means you can move quickly when you find the right equipment. Apply for EOFY equipment finance →

Frequently Asked Questions

How long does my ABN need to be active for no doc equipment finance?
Most lenders prefer a minimum of 12 months. Some will consider ABNs as young as 6 months depending on other factors. Contact us to discuss your specific situation.

Can I finance used equipment with no doc?
Yes. Both new and used equipment can be financed. Age and condition of the equipment affects the lender’s assessment, so contact us with details of the specific asset you have in mind.

What’s the maximum loan amount for no doc equipment finance?
CarFund can arrange no doc and low doc equipment finance up to $500,000. For larger amounts, additional documentation may be required.

Do I need a deposit?
Not always. No-deposit options are available for strong profiles. Some lenders prefer a deposit of 10–20% for higher-risk applications. We’ll be upfront about what’s needed before you commit.

How fast can I get approved?
Most applications receive a credit decision within 24 hours. Settlement typically takes 2–3 business days after approval.

Can I get no doc finance if I have bad credit?
Possibly. CarFund works with lenders who consider non-conforming applications. The terms will differ, but equipment finance with adverse credit history is sometimes achievable — particularly when there’s a strong asset as security. Contact us to discuss.

Is the interest tax-deductible?
Under a chattel mortgage or hire purchase, interest charges are tax-deductible for business use. Under a finance lease, the full lease payment is typically deductible. Speak with your accountant about your specific situation.

Get a Free Quote on No Doc Equipment Finance

Stop letting paperwork requirements hold your business back from getting the equipment it needs.

CarFund arranges no doc and low doc equipment finance for self-employed Australians across the country — fast decisions, minimal paperwork, and specialist lenders who understand how ABN businesses work.

Call us: 1800 199 302
Online: carfund.com.au
Response time: 30 minutes during business hours

Written by the CarFund team — 20+ years specialist self-employed equipment finance.

No Doc Equipment Finance Australia: Get Approved Without Tax Returns