Low Doc Loans
Self-Employed? Your Business Shouldn’t Be a Barrier to Finance
Running your own business is challenging enough. Securing a home loan or business finance shouldn’t make it harder.
As business owners ourselves, we understand the challenges that self-employed individuals, freelancers, and contractors face when applying for finance. We know that securing funding is essential for business growth, or achieving own personal financial goals. That’s why we specialise in helping self-employed Australians access tailored finance solutions that reflect how they actually earn — not just what traditional lending criteria expect.
Why Choose Us?
We understand because we’ve been there.
With years of industry experience and a strong understanding of the self-employed market, we know that no two businesses are alike. We work with you to present your financial position clearly and effectively, helping identify suitable lending options for your circumstances. Through our access to specialist lenders who understand self-employed borrowers, we can explore alternative pathways to finance when traditional lenders may not be the right fit.
Finance solutions tailored to you.
If your income documents don’t fit conventional lending requirements, that doesn’t necessarily mean your finance goals are out of reach.
Whether you’re looking to purchase your first home, refinance an existing mortgage, invest in property, renovate, or expand your business, we’ll guide you through the process from start to finish. Our goal is to simplify the lending process, reduce unnecessary documentations and help you move forward with greater confidence.
Low-Doc & No-Doc Home Loans
Traditional lenders often require extensive financial documentation to verify income. For self-employed borrowers, business owners, contractors, and property investors, providing these documents can sometimes be challenging.
A low-documentation (low-doc) home loan may offer an alternative for eligible borrowers whose income is not easily demonstrated through standard payslips or conventional financial records.
Depending on the lender and loan product, low-doc loans may be suitable for:
- Self-employed individuals and business owners
- Freelancers and contractors
- Property investors
- Borrowers looking to purchase, refinance, or renovate a property
Some lenders may consider applicants with a minimum of 12 months of ABN and GST registration, while others prefer a longer trading history, such as 24 months. Eligibility requirements vary depending on the lender, loan product, and individual circumstances.
What Should You Know About Low-Doc Loans?
Because income is verified differently from a standard home loan, low-doc loans can carry different lending conditions.
Depending on the lender and your financial position, you may encounter:
- Higher interest rates:Some low-doc products have higher rates than comparable full-documentation loans.
- Lower Loan Value Ratio: You will need 20% or larger deposit or more equity in your property.
- Alternative income verification: Lenders may accept documents such as business activity statements (BAS), business bank statements, or an accountant’s declaration, depending on their requirements.
Some lenders may consider applicants with a minimum of 12 months of ABN and GST registration, while others prefer a longer trading history, such as 24 months. Eligibility requirements vary depending on the lender, loan product, and individual circumstances.
What are the pros and cons of low doc loans?
Pros:
- Simple and faster for approval
- Alternatives to tax returns as income evidence are available
- Fully serviceable loan options, redraws, line of credit, variable or fixed rates
- Principal & Interest or Interest-only loans
Cons:
- Generally a higher interest rate and fees
- No Big 4 banks only few non bank lenders offer low doc loans
Have Financial Goals? Let’s structure the right strategy to reach them.
Complete the form to claim your FREE $880 Financial Review and $440 Strategic Property Advice Valuation