Don't have two years of tax returns? You can still get a great home loan.
Low doc loans are built for people whose income doesn't fit a payslip. We work with 20+ specialist lenders who understand self-employed income. We'll find you a competitive rate even if the banks have said no.
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Check My Low Doc Options07 4599 4601Who this is for
Low doc loans are for self-employed borrowers, sole traders, contractors, and business owners whose income is harder to document through standard payslip evidence. If you've been turned down by a bank, or your taxable income is reduced by legitimate business deductions, low doc is designed for you.
- Self-employed for less than 2 years
- Sole traders and contractors with variable income
- Business owners whose taxable income is reduced by deductions
- Borrowers with complex income structures (multiple businesses, trust distributions)
- Anyone who can demonstrate income through BAS, bank statements, or accountant letters
What's included
- Income verified via BAS statements, bank statements, or accountant declaration
- Loans available up to 80% LVR (some lenders to 85% with LMI)
- Access to 20+ specialist low doc lenders
- Competitive rates, some low doc products now closely match full doc rates
- Both residential and investment properties available
- Refinancing of existing low doc loans at better rates
How it works: step by step
Income Assessment
We review your income evidence (BAS statements, business bank statements, accountant letter) and work out your realistic borrowing capacity before approaching any lender.
Lender Matching
Not all lenders accept all income evidence types. We match your specific documentation to the right lenders so your application has the best chance of approval first time.
Rate & Structure Comparison
We compare low doc rates and features across our lender panel. Some lenders now offer low doc rates close to standard products. We find the most competitive option for your situation.
Application Lodgement
We prepare and lodge your application with full supporting documentation, managing the process and liaising with lenders throughout.
Approval & Settlement
Once approved, we coordinate with your solicitor and lender to ensure a smooth settlement. We stay with you post-settlement for annual rate reviews.
Eligibility at a glance
Eligibility varies by lender. Don't let these criteria put you off: we often find solutions that aren't obvious upfront.
- Self-employed or sole trader (typically 1–2+ years ABN history)
- Minimum 20% deposit (some lenders allow 15% with LMI)
- Clean credit history preferred (some lenders accept minor defaults)
- Standard residential or investment property
- Income evidence: BAS statements (12 months), bank statements (6–12 months), or accountant declaration
Common questions
What documents do I need for a low doc loan?
Typically one or more of: last 12 months of BAS statements, 6–12 months of business bank statements showing consistent income, or an accountant's declaration letter confirming your income. The exact requirements vary by lender. We'll tell you exactly what's needed before you apply.
Are low doc loan rates higher than standard loans?
The gap has narrowed significantly. Many specialist lenders now offer low doc products within 0.2–0.5% of standard rates. Some are effectively the same rate. We compare rates across all available lenders to find the most competitive option.
Can I get a low doc loan with only 10% deposit?
Most low doc lenders require a minimum 20% deposit (80% LVR). A small number of lenders will go to 85% LVR with LMI, meaning 15% deposit. LMI is available on low doc loans through select lenders but at a higher premium than full doc.
I've been self-employed for only 6 months. Can I still get a loan?
It's more difficult but not impossible. Some lenders will consider less than 12 months ABN history if you have strong prior employment history in the same field, a significant deposit, or clear bank statement evidence of income. We can assess your options honestly.
What's the difference between low doc and alt doc?
They're the same thing. 'Alt doc' (alternative documentation) is just a newer industry term for low doc. Both refer to loans where income is verified through non-standard evidence instead of tax returns and payslips.
Ready to get started with Low Doc Home Loans?
Book a free consultation. We'll assess your situation and show you the best options across our 60+ lender panel.