Low Doc Home Loans
Low Doc (Low Documentation) home loans are lender-designed finance products created specifically for self-employed borrowers, contractors, and small business owners who may not have up-to-date tax returns or traditional payslips. Instead of the standard two years of tax assessments, these lenders accept alternative forms of income verification, such as six to twelve months of business bank statements, Business Activity Statements (BAS), or a signed declaration from a qualified accountant. It is important to note that low doc loans are not available to everyone and are strictly for borrowers who can demonstrate a genuine ability to repay through these alternative means. The main trade-off is that these loans often carry slightly higher interest rates and may require a larger deposit (typically at least 20%) compared to full-doc loans. We help you compare the market to find lenders whose policies are most favorable to your specific business structure, ensuring you don't pay more than necessary for the flexibility you need.
When it makes sense
- Buying a home when your most recent tax returns are not yet filed.
- Refinancing an existing loan to a lender with more flexible criteria.
- Self-employed borrowers with complex business structures or trusts.
- Contractors who have recently switched from PAYG to ABN work.
- Small business owners who have experienced recent significant growth.
- Purchasing property when you have large tax-deductible expenses.
- Using business bank statements to prove consistent cash flow.
Indicative terms
| Indicative loan size | 00,000 to ,000,000+ |
| Indicative max LVR | Typically 60% to 80% (rarely 90%) |
| Indicative rate range | 6.75% p.a. – 8.50% p.a. |
| Loan term | Up to 30 years |
| Repayment types | Principal & Interest or Interest Only |
| Income verification | BAS, bank statements, or accountant letter |
| ABN requirement | Usually active for at least 12-24 months |
| Indicative fees | Application and higher valuation fees |
How it works
- Business Assessment — We review your ABN history, GST registration, and the type of alternative documentation you have available (like BAS or bank statements).
- Lender Matching — Our team identifies lenders whose 'alt doc' policies align with your business type, focusing on those with the lowest rate premiums.
- Accountant Liaison — If required, we work with your accountant to ensure any declarations or letters meet the specific wording requirements of the chosen lender.
- Approval & Settlement — We manage the submission and valuation process, ensuring the lender understands your business's true earning capacity beyond just the paperwork.