Lo Doc home loans and lines of credit
Lo doc loans are designed specifically for self-employed borrowers who are not able to disclose their income. Instead of providing tax returns or extensive financial statements, borrowers can sign a form stating their income.
Lo doc loans are available as fully featured home loans or lines of credit but may be at a higher rate than standard loans.
|
The Homeloans Ultra Lo Doc home loan is a fully featured loan for purchase, refinance or debt consolidation. A discounted interest rate is available for an annual fee. Borrowers must hold an ABN for 2 years and must be GST registered for at least 12 months. Business Activity Statements (BAS) are required to be provided.
View more Homeloans Ultra Lo Doc home loan features. |
|
The Homeloans MoniPower Lo Doc home loan has been specifically designed for borrowers who are unable to meet the usual lending requirements. Borrowers are not required to provide supporting evidence of income such as pay slips, tax returns etc.
View more Homeloans MoniPower Lo Doc home loan features. |
|
The Homeloans ProSmart Lo Doc home loan is available for self employed individuals and companies who have been operating for at least 2 years and don't have sufficient documentation to support a standard loan application. An ABN is required for a minimum of 2 years and borrowers must be registered for GST for a minimum of 12 months.
View more Homeloans ProSmart Lo Doc home loan features. |
| The Homeloans Ultra Lo Doc LOC is a fully featured line of credit home loan for purchase, refinance or debt consolidation. A discounted interest rate is available in return for an annual fee. Borrowers must hold an ABN for 2 years and must be GST registered for at least 12 months. Business Activity Statements (BAS) are required to be provided.
View more Homeloans Ultra Lo Doc LOC home loan features. |
|
The Homeloans MoniPower Lo Doc LOC home loan is ideal for eliminating debt as quickly as possible, by making your money work smarter for you. It allows easy access to funds via internet and telephone banking, cheque book, cashcard, ATMs, EFTPOS, and giropost, and a secured or unsecured VISA account with up to 55 days interest free. Salary and other direct credits can be paid directly into the loan.
View more Homeloans MoniPower Lo Doc LOC home loan features. |
|
The Homeloans ProSmart Lo Doc LOC is a traditional Line of Credit home loan suitable for self employed borrowers who want to reduce their debt as quickly as possible by crediting their salary to the loan. A nil interest VISA account is available with the loan, with the card balance swept into the loan each month. Borrowers can be self employed individuals or companies who have been operating for at least 2 years.
View more Homeloans ProSmart Lo Doc LOC home loan features. |
Make an appointment
Frequently Asked Questions