Key highlights
- Basics: active ABN, photo ID and vehicle details
- Income evidence may be bank statements, financials or a BAS
- Some eligible applicants qualify for lower-doc options
- Keeping records current speeds the process along
- Overdrive tells you exactly which documents your lender needs
Knowing what to gather before you apply makes the process far smoother. For sole traders, requirements are usually modest, especially for lower-document options. Overdrive helps you prepare the right paperwork for the right lender.
What basic documents do you need?
Most lenders want your active ABN, identification such as a driver licence, and details of the vehicle being financed. Having these ready lets an assessment begin without delay.
What income evidence do lenders want?
Depending on the lender and loan size, you may be asked for bank statements, financials or a BAS. Some eligible applicants qualify for lower-document options that require less, subject to lender criteria.
How do you get your records ready?
Keeping your records current and accessible speeds things along. For questions about which financial documents best reflect your position, check with your accountant or registered tax adviser.
Which documents does your lender need?
Request an obligation-free, indicative quote and Overdrive will tell you exactly which documents your chosen lender needs, so you apply once and apply well.
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