Low Doc Loans
Getting a low doc loan in Sydney
Low doc loans, short for “low documentation loans,” are a type of loan designed for individuals who may not have the documentation usually required for traditional loans.
They are particularly suitable for people who can’t provide extensive proof of income like payslips or tax returns like:
- self-employed individuals
- small business owners
- those with irregular income
Instead of traditional income verification documents, you may provide alternative forms of evidence, like a declaration of income, bank statements, or an accountant’s letter.
If you’re someone who doesn’t have the paperwork to qualify for regular loans, speak with our expert loan brokers.
We can help you get a suitable loan that aligns with your financial goals and circumstances and make the loan process as smooth and stress-free as possible.
How can you benefit from low doc loans?
Accessibility
If you're a non-traditional income earner, low doc loans make it easier for you to access financing.
Flexibility in documentation
Low doc loans require bank statements, business activity statements, or an accountant’s letter instead of payslips or tax returns.
Quick approval process
Due to the reduced documentation requirements, the approval process for low doc loans can be quicker compared to standard loans.
Opportunity to build credit
Paying off a low doc loan can help you build or improve your credit profile and can be beneficial for future financial endeavours.
Low doc loan options available to you
Low Doc Home Loans
For buying or refinancing a home
Low Doc Car Loans
For buying your first car
Low Doc Personal Loans
For personal expenses like renovations or travel
Low Doc Business Loans
For business owners who need funding
Things to consider before getting a low doc loan
Before proceeding with a low doc loan, it’s essential to consider these factors:
Higher interest rates and fees
Low doc loans typically have higher interest rates due to their perceived higher risk. The fees associated with these loans can also be higher, affecting the overall cost.
Stricter loan-to-value ratios (LVRs)
Lenders may require a lower LVR for low doc loans, which means you might need a larger deposit. This could impact the amount you can borrow.
Limited lender options
Not all lenders offer low doc loans, which limits your choices. But don’t worry, we can help you find lenders who are willing to work with your situation.
Exit fees and refinancing costs
Some low doc loans might have penalties for early repayment or exit fees. Additionally, refinancing these loans can come with extra costs.
While all these can be overwhelming, don’t worry. Part of our job is to help you understand these risks and work with you to find a loan that not only meets your current needs but also fits your long-term financial situation.
Contact us today and let’s discuss your situation.
With 50+ lenders at your fingertips, you have the power of choice
When you set out on your own seeking a loan, banks have the power to reject you. But with us on your side, it’s the other way around. We choose the most suitable loan for your unique needs.
You’re only 3 steps away from your financial goal
Step 1
Reach out to us and let’s discuss your situation and what kind of loan you need.
Step 2
Sit back and relax while we search our network to find the perfect loan for you.
Step 3
Choose the best loan that suits your needs. Then we’ll submit a foolproof loan application to secure your financing.
Why Lend & Loan
10 years of experience
We’ve been doing this for a decade, so we’ve built strong connections with lenders and we know their lending policies inside out. This helps us find the right loans that suit your needs.
One-touch approvals
We know exactly what banks and other lenders require from the get-go. We’re experts at putting together foolproof loan applications that lenders approve without further questions.
Accessibility
We’re not like your typical 9-5 mortgage brokers. You can reach us when you need us, and we’ll get back to you within four hours.
Efficient processes
We understand that you’re busy, so we keep things simple. We try to avoid in-person meetings to save you time and make the loan process easy and stress-free.
Don’t take our word for it, take theirs.
We’ve helped hundreds of Australians
get approved for a loan and achieve their financial goals. Hear it from our
happy clients.
John has been absolutely brilliant! Helped me all the way through the application process and explained everything step by step. Great to have him in my corner navigating through interest rates, products, etc. Thank you!
- Peter Hanna
John and the team at Lend & Loan have been great through the process of our loan application. They were very responsive and always made my wife and I confident we were in the right hands. Highly recommended.
- Luke Saide
John from Lend & Loan was incredible during the process of buying our first home. He was very professional, quick at responding and was happy to answer any questions we had. I would highly recommend him to all my friends & family.
- Rachelle Obierzynski
John has been amazing to deal with from the beginning. He has been extremely patient, professional and optimistic throughout the whole process with our application and we can’t thank him enough for all his hard work! Highly highly recommend him. Thank you again!
- Maryanne Layoun
