A Low-doc loan is a loan suited for self-employed borrowers who may have found it difficult and time consuming to provide paperwork needed for a fully verify traditional loan.

Low doc loans don’t require the same level of documentation as normal loans. If you have difficulty documenting your financial position, a low doc home loan may be a good solution.

You’re a small business owner, contractor, and are an ABN holder. Low doc loans are intended to support the operations of small businesses and aspiring entrepreneurs. Many of these establishments lack the documentation required to prove income.

You have a certain level of equity or a fixed deposit in place. Despite not having a provable record of income, equity and deposits can significantly improve your eligibility for a low doc loan.

You have a good credit history. The one record that lenders would turn to is your credit history. Applicants with a seemingly spotless credit history would be strongly considered versus applicants who have a poor history. This is exacerbated by the lack of income declaration documentation.