Loan Types

Low Doc Loans

Australia has a new economy. More and more people are self-employed or employed on contract. This means that their income patterns are not as regular as PAYG earners.

Lo Doc loan will enable you to "self-certify" your income. You could pay a little bit more in interest and fees – but it saves you a lot of time and stress.

Benefits

• There is no need to provide financials to the lender just an income declaration
• No tax returns or financials required
• Full loan options available – redraw, Line of credit, variable or fixed, Principal or Interest only repayments

Pitfalls

• You could pay higher interest rates and fees
• Limited to 85% of the property value