Low doc loans or low documentation loans are a flexible loan option for the self-employed and small business owners. For a low doc loan application, you don’t need to supply as many documents to prove your income, assets and liabilities as you would with a full doc loan.
Product features, which are available on full doc loans are usually also available on low doc loans. For low doc loans, lenders usually require a larger deposit and charge a slightly higher interest rate.
DotCapital offers low doc loans from Australia’s most leading bank and non-bank lenders. You are also sure to benefit from our experience.