While lo-doc & no-doc loans were originally designed exclusively for self employed people, some lenders have modified their products to include people on regular wages using the money for investment purposes.

The range of loans which don’t require proof of income is huge and growing still. Lenders will now do low documentation loans (lo-Doc) to 90% of the value of the property! There are also loans out there which have lower interest rates if you can use some proof of income other than tax returns (i.e. BAS statements). 

Other lenders are specialising in loans for people who have been self employed for less than 2 years; an area which has traditionally been very hard to fund, these lenders will now lend up to 80% of the value of the property.

No-doc loans and Asset Lends are also on the increase. Both require very little paperwork and can be used by self employed and PAYG applicants provided the funds are for use predominately on business or investment purposes. Lower loan to value ratios apply on both these loans with 80% of the value of the property being about as good as it gets. 

So whichever you want to do, click on the online application button below to get started!