Australian banks offer what is called “Low Doc Loans” or “Low Documentation Loans” to businesses and people who are not able to provide supporting documentation to prove their income.

What is a Low Doc Loan?

Low Doc Loans (and Low Doc Home Loans) were created to streamline the loan application process for the ever growing self employed borrowers. The home and commercial Low Doc loans are designed for people to have the means to meet the loan repayments but are not able to provide sufficient documentation to support their income.

Normally a lending financial institution would require the prospective borrower to provide with two years of personal or business tax returns or audited business financials. Some busi ... Read more »