Low Doc Loans
Low Doc Loans can be a great option for businesses wanting to access finance with minimal documentation and reporting required.
A low documentation (low doc) loan is a mortgage that can be taken out using different documentation to that required by a full documentation (full doc) loan.
This type of loan is often used by self-employed borrowers, who may find it difficult to provide conventional proof of income.
Low Doc Loans are available for amounts up to $500K.
Low Doc Loans can also be used as a type of line of credit when the customer is looking to purchase additional vehicles and equipment.
Find out what documents you require for Low Doc Loans here.
Low Doc Loans Requirements
- Available limit of up to $500K maximum.
- Dealer and private sale.
- Application and a statement of assets and liabilities (in some cases additional docs are required such as BAS statements or ATO portal printouts).
- At least one director must be a property.
- ABN active for a minimum of 2 years
Stay In Touch