Low Doc Loans

Achieve more with self-employed finance made easy.

Low Doc Loans

Our flexible low doc loan solutions are highly popular with self-employed Australians seeking a simpler, cost-effective mortgage loan without all the paperwork.

If you’re self-employed and your looking for fast, flexible mortgage finance a low document loan could be suitable for you.

We are specialists in low doc lending and have assisted thousands of self-employed Australians with our market leading low doc loan products. Our range of low doc loans are a simplified mortgage loan for self-employed borrowers who have an income and assets but are unable to provide the required financial statements or tax returns to verify their current income.

If you’re a busy self-employed business person with complex financial affairs one of our simplified low doc loan products may be a more advantageous way to secure the finance you need.

Our highly flexible low doc loans simply require you to ‘self-certify’ your income derived from your self-employed activities. This is commonly known as a self-employed ‘income declaration’ or ‘low doc declaration’ similar to a statutory declaration which states the income you have derived from your business activities.

To verify consistency with your ‘self-certified’ income you have the choice of providing a preferred supporting document which may include ONE or TWO of the following documents;

  • a letter from your accountant
  • a business bank statement
  • a business activity statement (BAS)

Our low doc loan product suite can accommodate a wide range of purposes including purchase, refinance, debt consolidation and equity release. We will also accept suitable residential and commercial real estate as security.

Talk to one of our specialist lending managers today about the best low doc loan option for your unique circumstance.

Low Doc Products

Note: All applications are subject to normal credit assessment and loan suitability criteria. Terms and conditions, fees and charges apply. Minimum loan advance is $250,000.

Low Doc Loan Benefits

Here are some of the benefits of our popular low doc loan products.

  • No credit scoring
  • No mortgage Insurance
  • Adverse credit considered
  • Residential & commercial security
  • ABNs from 6 months.
  • No tax returns required
  • Flexible cash out options
  • Rental income acceptable
RRG_LOAN_Product_Benefits_low_doc_company_trust
  • Company & trust borrowers
  • Payout of business/tax debts
  • Less paperwork & simplier process
  • Choice of 3 supporting documents
  • Individually tailored solutions
  • Qualified & experienced lending managers
  • Competitive rates and flexible products
  • Lending Australia wide

Qualifying for a Low Doc Loan

null

Must be self-employed with ABN and operating a business.

null

Minimum ABN tenure 6 months, GST registered if  > $75,000 pa.

null

A good relationship with your accountant helps.

How We Help Others

Michael P, VIC

Being self employed and extremely busy I didn’t have time to provide all the income documentation required for financing the recent purchase of another investment property. Red Rock provided…

Paul & Cindy M, VIC

Just a short note to let you know we’ve finally settled into our new property. The settlement process was seamless and knowing that you were in the background gave us both a great deal of…

null

Why Red Rock?

Since 2004 we’ve helped thousands of Australians who don’t tick all the boxes.

Find out More

null

The Right Advice!

Qualified & experienced lending managers will give you the right advice, the first time.

Talk to Us

null

Loan Flexibility

We specialise in mortgages for people who need loan flexibility.

Loan Options

Low Doc Loan FAQs

Our low doc loans are assessed on the overall strength and consistency of the application. Your eligibility for the loan will be based on your self-employed tenure, your credit history, your self certified income and supporting documents as well as your equity/contribution to the transaction.

Typically, if you are an equal shareholder in the business we can accommodate you. However, if this is not the case and the director is also on the application, we would suggest that they declare an income that accounts for the income of both parties.

Yes, you would be eligible for a low doc loan provided your business meets the policy guidelines. If you wish to utilise the income from your PAYG position in a low document application, we would require income verification for the PAYG income i.e. 2-3 recent payslips and your most recent group certificate.

We can certainly discuss with you the particulars of your business and finance needs in order to determine if we are able to assist. Typically we can accommodate a low doc loan where we have evidence to demonstrate that you have been self employed for a longer period of time than your current ABN indicates. i.e. ABN tenure history via multiple ABNs.

This will not affect our ability to assist you with your finance needs, all we would require at the time of application is a letter explaining this event and a letter from the administrator confirming the matter has been finalised.

Yes, you may still qualify as you have the option of supporting your self declaration of income with business bank statements.

Low Doc Loan Articles

Looking for more information? Discover our extensive low doc loans resources in our information article archives.