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.