Low Doc Home Loans Melbourne

Low doc home loans in Melbourne for self-employed borrowers to buying owner home, investment property, refinance, debt consolidation and/or construction

Low Doc Loans in Melbourne

Are you a self employed looking for low doc home loan in Melbourne, VIC, Australia. Whether you are thinking of purchasing your first home or refinancing your existing loan or need construction loan, Look no further! Contact RealLoans for all types of low doc mortgages.

We specialise in loc doc mortgages in Melbourne for self employed individual, company or trust.

Low Doc Loan Melbourne with Realloans?

Brokers – Expert and Independent

We have one of the best low doc home loan brokers that provide every customer a personalised service depending on their individual needs.

6+ Lenders

With over 6+ low doc lenders available, RealLoans Mortgage Brokers will provide you with the low doc loan option that is best suited for you.

Easy Loan Approval

Mortgage Broker at RealLoans Australia will guide you throughout your home loan process and ensure you have a quick easy loan approval. 

Smooth Loan Settlement

We will ensure that your mortgage application process is smooth and we will keep you informed throughout the process until the settlement. 

What is a low doc home loan?

Low doc also know low documentation home loan is not your normal home loan. The Low Doc home loan require very less documentation as compared to full doc home loan that usually require 2 most recent tax return (individual and company) and Notice of assessments (NOAs).

Low doc loans are designed for self-employed individuals or business owner with ABN that cannot provide payslips, financial statements or tax returns as documented evidence of income.

For a low documentation home loan, a self-employed borrower would typically need to provide proof of income using a combination of the following:

  • Proof of ABN and/or GST registration
  • Business Activity Statements (BAS)
  • Business Account transaction statements
  • Accountant’s letter

If you’re a self-employed or small business owner and don’t have the required documents for a standard home loan application, then a low doc home loan that what you need. We at Realloans Australia, we help self-employed sole traders, contractors and small business owners and more with the home loan.

What documents do I need to get a Low Doc Home Loan in Melbourne?

Even if it’s a low doc mortgage, the bank will still need sort of evidence to make sure that you are able to make regular and minimum repayments. 

  • Business Activity Statements (BAS) – Depending on the Bank and lender, they may ask for up to 12 months of BAS information
  • Bank statements – Statements to provide evidence of income over the period of time. 
  • Personal declaration – when you apply for a low doc home loan, stating how much you earn and providing a declaration you believe you can repay the loan
  • Business details – Details, such as your ABN and Business name 
  • Accountant’s letter – A document from your accountant may also be required that verify your income
  • Guarantor – Sometime from the family/relatives guarantees own your behalf that the home loan will be repaid.

Low Doc Loan Features

Borrower TypeIndividual, Company and Trust
Loan PurpousePurchase, refinance of owner occupied and investment properties (including vacant land). Debt consolidation of up to 4 debts and cash out for acceptable personal purposes.
Maximum Loan Amount$10,000,000
LVRUp to 90%
Credit HistoryBad or Good
ABN/GST6 months ABN and GST is ok but 2 years old ABN and 1 year GST registered is ideal
Loan Repament TypeP&I and interest only
Interest Rate TypeVariable only
Additional Features100% offset and redraw available 

Which lenders offer low doc Mortgages in Melbourne?

Realloans Australia have access 30+ lenders with some offering low documentation home loan in Melbourne for self-employed with variable interest rate. Bank are offering low doc loan principal & interest and interest only repayment along with features like 100% offset account, redraw or extra repayment just like you normal home loan.

Many banks, credit unions, building societies and other non-bank lenders offers a low doc home loan in Melbourne, VIC, Australia. When it comes to low doc home loan each lender have different lending criteria, rates, fees and features.

Most lenders offering low docs home loans will charge some sort of risk fee, ongoing fee or annual fee which depend upon the LVR of you home loan. That’s why it’s always a good thing to take into consideration when choosing one bank over the other, not just the interest rate.

The LVR of the home loan varies lender to lender and may also vary depending upon where the security property is located. You may surprised to know the some lender charging more risk fee for a property in regional Victoria as compared to Metropolitan Melbourne. You may also need to more deposit, depending upon you circumstance and credit history.

Low doc home Melbourne with Resimac, Better Choice loc doc Home Loans, liberty, MKM Capital, Pepper Money and Latrobe Financial

What are the pros and cons of low doc home loans?


  • Simple income declaration form
  • Alternatives to tax returns as income evidence are available
  • Fully serviceable loan options, redraws, line of credit, variable or fixed rates
  • Less Paperwork
    Short and Fast home loan application process
  • Principal & Interest or Interest-only loans


  • Generally, a higher interest rate and potentially fewer features
  • Might need a larger deposit
  • Not every bank or lender offers low doc loans

Low Doc Mortgage FAQs

Do you offer loc doc construction loans in Melbourne?

Yes we offer low doc home loan for construction in Melbourne, VIC, Australia. However be mindful of the LVR for low doc construction loan, it can vary on location and type of property.

I need a low doc loan in Melbourne for vacant land, which bank can lend me?

Yes, We have access to number of banks that offer loc doc land only home loan in Melbourne, Australia.

We about do you offer low document home loan in Australia?

We are based in Melbourne, but we can home loc documentation home loans through Australia. We provide loc doc loans in Melbourne, Sydney, Brisbane, Adelaide, Perth and other cities across Australia.

Which banks offers loc doc home loans Australia?

If you think ANZ, NAB, Commonwealth (CBA) or Westpac bank offer loc home loan then think again. In Australia, only second tier lenders, some credit unions and private lenders offer low doc home loans. RAMS used to offer low doc mortgages few years ago but no now.

I am in Melbourne, Victoria and I need to refinance my low doc home loan to better rate low doc loan, can you help?

Yes we can help you refinance your home loan with best interest rate with minimum documents. Whether your reason of refinance your home loans may it cash out, debt consolidation, ATO debt, for investment or just for better rate. We have access to the lenders that offer low doc home loan at less than 7.3% interest rate. Don’t miss the opportunity, Contact us now.

Whats is the interest rate for low doc home loan in Melbourne, Australia?

The interest rate for low doc mortgages in Melbourne, Australia starts from 7.3%. The low doc rate for home loan varies depending upon individuals situation. For example the interest rate for low doc loan for a self employed with good credit score will be better than one with the bad score. The low doc loan interest rate also varies depending upon LVR (Loan Value Ratio).

I am a self-employed and I am thinking of buying an investment property but don’t have current financials, does Realloans offers low documentation loan for investment property?

Yes at Realloans Australia provide low doc home loans to self-employed for buying an established investment property or for construction of investment property.

Are low doc loans still available if yes what’s the maximum LVR for a home loan?

Yes the low doc home loans are still available in Australia. The maximum LVR for a low doc mortgage is 90%. With 90% Low doc home you might to provide more than 1 evidence out of BAS, Accoutant’s Letter or 3 or 6 months Business banking statement.

My credit score in not so good, Am I eligible for low doc mortgage in Melbourne?

Yes you can get a low doc home loan in Melbourne even if you credit have missed payment, default or discharged bankrupt. Depending upon your credit score, the Low doc lenders with charge more interest rate as compared to missed repayment or default or court judgment.

Save Time. Contact Realloans Melbourne for low doc loan.

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