Low Doc Loans

Low Doc Loans are an excellent option for applicants who have not completed recent tax returns or are unable to evidence their income in the manner normally required by lenders for standard loan products. (Available for self employed, PAYG and customers who are both)

Frequently asked questions from our clients regarding Low Documentation Loans (Low Doc Loans):

Question:

How Low Doc are low documentation loans really?

Answer:

Usually, Lenders require a signature on an Income Declaration form - replacing the need to gather financial statements when applying for a loan, if they're not readily available.

Question:

What type of loans are available under a Low Documentation policy?

Answer:

Most types of loans are available under a Low Documentation policy, including standard variable loans, fixed rate loans, construction loans and Lines of Credit.

Question:

What interest rates are available for Low Documentation loans?

Answer:

Low Documentation loans have only a slightly higher interest rate than a standard variable home loan.

Question:

What are the maximum amounts which can be borrowed under a Low Documentation loan?

Answer:

LVRs up to 95% exist for Low Documentation loans.

Question:

What features are available on Low Documentation loans?

Answer:

All features are available on Low Documentation loans as are available on Standard Variable Home Loans.

Small Ticket Finance

Finance from as little as $10,000 with an easy, low doc process.

Features

  • Available if you want to finance assets for business use.
  • Available for a broad range of assets.
  • Finance for single transactions from $10,000.

Benefits to you

  • Easy process - 5 easy questions to complete for approval.
  • low documentation and no financials required.
  • Access your working capital - free up your working business capital for more effective use.

At a glance

Purpose

Allows companies and business professionals to finance small ticket assets

Facility

Offer to hire. Chattel Mortgage available for loans over $10,000.

(No residuals / Balloons)

Payments

Fixed for the life of the agreement

Term

Maximum of 5 years

Amount

$10,000 to $20,000 (total STF outstandings $20,000 per customer)

Payment Frequency

Monthly, quarterly, semi-annually, annually, seasonally or irregularly

Conditions

Specific lending criteria, conditions, fees

Low Doc Loan Articles

Find out more about Low Doc Loans by reading the article listed below.

What Is A No Doc Or Low Doc Home Loan? by Steve Szasz