Low Doc

Lo Doc or Low Doc loans are Low Documentary loans, predominantly designed for the self-employed. Thousands of Australians are self-employed with the freedom of working for themselves. Being their own boss means time comes at a premium and keeping up with the business paperwork is a constant challenge.

A Lo Doc facility still gives you access to features such as flexible repayment options, redraw and 100% mortgage offset on standard variable and one year fixed rate products (which means you can still make extra repayments and enjoy flexibility), to buy a home, investing in residential property or refinancing an existing home or residential investment loan.

The Lo Doc product comes at a cost of a lower loan borrowing of up to 60% to 80% depending on the funders criteria (subject to the property type and location). Depending on funder the rate can vary accordingly by an extra premium on the interest rate.

Lo Doc Process

Lo Doc loans are available to self-employed people who have a good credit history and are currently registered with an ABN. Go through the normal application process, confirm your income through an income declaration form. The form  eliminates the provision to the funder of your financial tax returns.

Enquire Now to learn more, how to save yourself time and money on your Lo Doc facility. Click on "Enquire Now" and we'll call you back to discuss your needs..