All about… Low Doc Loans

Low Doc options exist for both PAYG and Self-Employed applicants who meet the relevant lender criteria. These products are designed to simplify the process for the customers who are unable to verify incomes at the time of applying for the loan.

Lenders who offer Low Doc loan products or allow an exemption to their lending policy, will accept reduced evidence of income. However, with this exemption could come a trade-off via either a higher rate charged to the client and/or a lower LVR (Loan to Value Ratio) allowed on borrowings.

If you think you may need a Low Doc loan, contact AAL to discuss your circumstances and options in more detail .