Low doc (lo doc) and no doc

 

Suitable for borrowers who are unwilling or unable to provide verification of their income

Useful where the taxable income has been minimised

Generally only available to people who are self employed, or casual employees

You will need to provide the lender with a statement confirming your income or a statement that you are able to meet the proposed loan repayments, with little or no requirement to provide documented evidence

ABN rego and BAS statements for at least 1 year is a minimum requirement and 2 years rego will open the field to many more lenders. Most lenders require either trading statements or BAS returns

Compared to full doc, these loans sometimes carry a higher interest rate and are available only at lower Loan Valuation Ratios (LVRs)

We have the experience to guide you through the lenders’ requirements to get the loan that suits your position.

All enqiuires are completely confidential as governed by the Privacy Act and other State and Federal Acts