A flexible solution for self-employed people
Low Doc loans are a flexible solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application.
You won't need to provide proof of your income, however we will ask you to complete an income declaration form along with our standard loan application.
Low Doc loans are available for
- Investment and Owner Occupied home loans
- loans specially designed to meet the needs of Small Business
| Feature |
Description |
| Flexibility with proof of income |
An Income Declaration is a flexible solution for self-employed people - replacing the need to gather financial statements when applying for a loan, if they're not readily available. |
| Choice of loans to suit your needs |
|
| Interest rate |
Our standard interest rate for the loan product will apply to the loan of your choice*.
*Low Doc Margin is applied to the standard interest rate |
| Minimum loan amount |
A minimum loan amount of $10,000 is required for Low Doc loans. Limits also apply to the loan size. |
| Maximum amount of loan available as a % of property valuation (Loan to Valuation Ratio: LVR) |
- 60% All Small Business loans
- 80% Term home loans**
- 75% Asset Line** - line of credit facility
*Mortgage insurance will apply to loans with LVR greater than 60%
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