Low Doc Home Loans FAQ

What are low doc home loans?

Low Documentation (Low Doc) loans provide flexible financing solutions for self-employed people. It allow self-employed customers to borrow funds at a competitive rate even if they are not able to provide the usual up-to-date income verification documents, such as financial statements, tax returns.

How much deposit do you need for a low doc home loan?

A typical low doc home loan requires a 20% deposit contribution from the borrower but we have access to a bank that offer low doc home loan with 10 % deposit.

How much can you borrow on a low doc loan?

You can borrow up to 90% of the property value in the metropolitan cities across Australia.

What documentation is required for a low doc home loan?

You will need Personal declaration, an ABN, and 2 Business Activity Statements (BAS), 6 months Business Account transaction statements or Accountant’s letter.

Is a low doc loan good?

A low-doc home loan is ideally suited for investors or self-employed borrowers looking to refinance, purchase or renovate. 

Do low doc loans have higher interest rates?

Low Doc home loans always higher interest rates as compared to full doc home loan at same LVR.

Is it hard to get a low doc loan?

No it is not hard to get a low doc loan if you have an active ABN, at-least 10% deposit and good credit history along with personal income declaration with one other following – accountants letter, bank statement or 2 Business Activity Statement (BAS).

Does Westpac do low doc loans?

No, Westpac no longer offer low doc home loans.

Does ANZ do low doc loans?

No, ANZ does not offer low doc home loans.

Does Commonwealth Bank offer low doc loans?

No, Commonwealth Bank does not offer low doc home loans.

Can get a low doc loan with Accountants letter?

Yes you can get low doc home loan with Accountant’s letter only.

I cannot provide accountants letter, Can i get a low doc home loans?

If you are unable to provide accountants letter, we can access to lender that offer low doc home loan with just 2 BAS or 6 months business bank statements.

Are low doc loans bad?

Low doc loans are good for self employed employed borrowers who cannot provide latest tax returns or financial statement.

Which bank does low doc home loans?

Pepper Money, Liberty, Latrobe Financial, Better Choice and few other specialist lenders.

Can i get a low doc home loan to buy an Investment property?

Yes you can get a low doc home loan to buy an Investment property.

Can i get a low doc loan to buy an owner occupied property?

Yes you can get a low doc loan to buy an owner occupied property in Australia.

Can I get low doc home loans 95 LVR?

No you can not get a low doc loan with at 95% LVR. The maximum LVR for low doc home loan is 90 %.

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