Low Doc Loans
Achieve more with self-employed finance made easy.
Low Doc Loans
If you’re self-employed and your looking for fast, flexible mortgage finance a low document loan could be suitable for you.
We expert brokers are specialists in low doc lending and have assisted thousands of self-employed Australians obtain fast, flexible finance for their needs. If you’re a busy self-employed business person with complex financial affairs, unable to provide financial statements or tax returns , a low doc loan may be a more advantageous way to secure the finance you need. Low doc loans simply require you to ‘self-certify’ your income derived from your self-employed activities
To verify consistency with your ‘self-certified’ income you have the choice of providing a preferred supporting document which may include ONE or TWO of the following documents;
- a letter from your accountant
- a business bank statement
- a business activity statement (BAS)
Lowdoc loans can accommodate a wide range of purposes including purchase, refinance, debt consolidation and equity release and can be secured with residential and commercial property.
Request your finance consultation below today, with one of our specialist lending managers and receive a personal assessment.
Finance Consultation
Talk to a specialist lending manager today.
Our national network of brokers are qualified and experienced in structuring and advising on the most suitable mortgage finance for your unique situation and needs.
Low Doc Loan Benefits
Here are some of the benefits of our popular low doc loan products.
Low Doc Products
Low Doc Loan Features
Our range of low doc loan lending options provides you with a choice of supporting documents (accountants letter, business bank statements, BAS) and come with flexible features and competitive rates tailored to your unique situation.
Note: All applications are subject to normal credit assessment and loan suitability criteria. Terms and conditions, fees and charges apply. Minimum loan advance is $250,000.
Qualifying for a Low Doc Loan
How We Help Others
Low Doc Loan FAQs
Our low doc loans are assessed on the overall strength and consistency of the application. Your eligibility for the loan will be based on your self-employed tenure, your credit history, your self certified income and supporting documents as well as your equity/contribution to the transaction.
Typically, if you are an equal shareholder in the business we can accommodate you. However, if this is not the case and the director is also on the application, we would suggest that they declare an income that accounts for the income of both parties.
Yes, you would be eligible for a low doc loan provided your business meets the policy guidelines. If you wish to utilise the income from your PAYG position in a low document application, we would require income verification for the PAYG income i.e. 2-3 recent payslips and your most recent group certificate.
We can certainly discuss with you the particulars of your business and finance needs in order to determine if we are able to assist. Typically we can accommodate a low doc loan where we have evidence to demonstrate that you have been self employed for a longer period of time than your current ABN indicates. i.e. ABN tenure history via multiple ABNs.
In this instance, we would require a letter of explanation surrounding the circumstances that led to the administration. We may also require a letter from the administrators confirming that there is no further liability to you personally as a director of the company.
Yes, you may still qualify as you have the option of supporting your self declaration of income with business bank statements.
Low Doc Loan Articles
Looking for more information? Discover our extensive low doc loans resources in our information article archives.
