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LO DOC LOAN FINANCE
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Although Low and No Doc loan finance was designed for self employed applicants, they are also available to PAYG applicants that have an income, employment status and or history that does not fit the lenders standard loan policy.
There are a number of different Low Doc and No Doc products that vary in interest rate and the amount of equity require. Generally the more deposit and or equity the cheaper the rate.
Low or No Doc loans were designed to help the self employed applicant's that can declare an income but don't wont to provide what could be a set of complicated financials, or where the business is relatively new but the client has declared an income that can't be supported by tax returns.
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