Low-Doc Loans

The low-doc loan is popular with self-employed applicants or investors who are reluctant or unable to provide the financial information normally requested by lenders such as profit & loss statements, balance sheets, taxation returns etc.

In most cases applicants are able to advise the lender how much they earn and sign a declaration to that effect, or 'self-certify' by giving 'Acknowledgement & Indemnity' to the lender that confirms they have the ability to meet the required loan payments and are not placing themselves in a position of hardship.

In some instances PAYG income earners may also apply on this basis, i.e. without having to provide formal salary information such as a pay-slip.