A low doc/non-conforming loan is typically suited to a self-employed borrower, or a borrower who does not fit your typical PAYG applicant. In general terms, it’s probably the only way you can borrow without having up to date tax returns or financial statements. It’s important to note that the term ‘low doc’ means providing alternative types of supporting documentation, not less of it.
Whether you are looking for a ‘low doc’ home loan or personal loan, if it fits, we’ll find it.
A low doc home loan applicant will face a slightly higher interest rate.
You don't have to produce company financial reports in the same manner as do other home loan applicants.
You get a maximum LVR in a low doc home loan, meaning you can normally borrow up to 80%. although some of the lenders will lend up to 90%, depending on your eligibility.
Low doc loan lenders will accept an income declaration which proves that the applicant has the ability to repay the loan.
Book an appointment with our specialist advisors and get your low doc home loan approved.