Low doc loans are designed to assist self employed borrowers. No income substantiation
is required however self-certification of your ability to make repayments and
accountant's verification normally applies.
Applicant type
Individuals, Companies, Trusts.
Employment requirements
Self-employed, one year
Income: required proofs
Self-declared, plus accountant's details
Loan amounts minimum & maximum
$30k to $2 mil
Purpose
Owner-Occupied, or Investment
LVR
90%
Coded, non-coded, or either
Either
Credit related issues
Credit impairment is O.K.
Variable, fixed or both
Variable only
P&I, I/O, or both
Both
Residency Status
Citizens and permanent residents
Comments, special conditions
Can be for working capital to pay tax debts to buy equipment
