Before you receive final approval on your car loan application, you will need to provide us with the following documents:
| Proof of identity | Primary identification documents (80 points)
Secondary identification documents (20 points)
Note: This is a guide only; other forms of secondary identification may be acceptable. We require 100 points of identification. |
| Proof of income | Recent payslip and 90 days bank statements where paid directly into the bank account.
If you are self-employed, your most recent tax return/financial statement and/or associated notices of assessment. |
| Bank statements | Individual
Self Employed
We may require 90-120 days of transactions in some cases i.e. if you’re paid monthly. |
Depending on the details of your application, we may also require other documents in addition to those listed above.
Purchasing a vehicle as a business owner can be the first step in taking your small business to the next level. Whilst it can be a daunting process, we’re here to lighten the burden with a quick checklist of the documents you are likely to require when applying for your car loan:
For low doc loan:
- Proof of identity
- Proof of ownership of the business.
For a ‘full doc’ loan, 除了上面的两个，还需要 Business documents such as cashflow statements and tax returns. Ensure these documents present a positive cashflow.
For sole trader, you may also need personal documents such as a copy of your driver’s licence, proof of residence and potentially personal references.