Car Loans · Self-Employed and ABN Car Loans
Car loans for the self-employed
A self-employed car loan is arranged with a lender who assesses business income, sometimes with reduced paperwork. Noddle compares low-doc and full-doc options across a panel accessed through the Loan Market Group platform and arranges the fit for sole traders, contractors and directors. The lender approves and funds it.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
Low-doc and full-doc explained
A full-doc loan uses tax returns and financials. A low-doc loan accepts alternative evidence such as business bank statements or a BAS, which suits newer businesses or those with recent income that tax returns do not yet show. Noddle matches your evidence to a lender whose policy fits.
Why the right lender matters
Many lenders are built for PAYG borrowers and decline self-employed income they do not understand, marking your file for nothing. A broker sends your application to a lender that assesses business income properly. Noddle knows which lenders those are.
Related pages
Frequently asked questions.
Yes. Some lenders assess self-employed income using tax returns, business bank statements or a BAS rather than payslips. Noddle compares full-doc and low-doc options across its panel and arranges the one that fits sole traders, contractors and directors, subject to the lender’s assessment.
A low-doc car loan accepts alternative income evidence, such as business bank statements or a BAS, instead of full tax returns. It suits newer businesses or recent income not yet in tax returns. Noddle compares low-doc lenders and arranges the option that fits your evidence.
Sometimes. A few lenders accept a shorter trading history if income is evident, while others want two years. Noddle knows which lenders accept newer ABNs and arranges the application accordingly, subject to the lender’s assessment.
Commonly an ABN, identification, and either tax returns or business bank statements depending on whether the loan is full-doc or low-doc. Requirements vary by lender. Noddle tells you what a given lender needs before you apply, so you gather the right evidence once.
That depends on how the vehicle is used in your business and is a question for your accountant, not your broker. Noddle arranges the finance; your accountant advises on deductions and structure. We are happy to work alongside them.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
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