1/50 Plenty Road, Preston Victoria 3072, Australia
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Lo Doc Loans
What are Lo-doc Loans?
These are the loans suited for self-employed borrowers or investors looking to purchase, refinance or renovate.
Minimal documents loan
As the name suggests, minimal documents are required for the loan approval. Documents we usually need are:
- Proof of ABN and/or GST registration
- Business Activity Statements (BAS)
- Business Account transaction statements
- Accountant's letter
- Personal tax returns
Interest rates are different
Being a high risk structure, the interest rates are usually bit higher than the traditional loans.
Does Lo-doc sounds right for you?
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