Home and business loans for the self-employed, Australia-wide
Running your own business shouldn’t stop you getting a loan. Whether your tax returns are up to date or not, we work with banks and specialist lenders who understand how self-employed people earn.
What is a low doc loan?
A low doc (low documentation) loan lets self-employed borrowers prove their income without the full set of recent tax returns and financials that a standard loan requires. Instead, lenders may accept alternatives such as Business Activity Statements (BAS), business bank statements or a declaration from your accountant.
Lenders must still be satisfied that you can comfortably afford the loan, so low doc doesn’t mean no checks. It simply means more flexible ways to show your income.
Who it suits
- Sole traders, contractors and tradies with an ABN
- Company directors and business owners
- Business owners whose latest tax returns aren’t lodged yet
- Business owners whose income has grown recently
- Gig-economy workers, freelancers and consultants
- Newer businesses (some lenders consider ABNs registered for 6 to 12 months)
Income evidence lenders may accept
- Recent BAS statements
- 6 to 12 months of business bank statements
- An accountant’s letter or declaration of income
- Most recent tax return and notice of assessment (for full doc or alt doc options)
What you can use it for
- Buying a home or investment property
- Refinancing, including away from a high-rate loan
- Releasing equity for your business
- Debt consolidation
- Car, truck and equipment finance for your business
Things to know
Low doc loans can have slightly higher rates and a lower maximum loan-to-value ratio than full doc loans, so a larger deposit or more equity can help. Many borrowers move to a full doc loan once their tax returns are up to date. We’ll compare both and show you the trade-offs.
Self-employed? Let’s find your lender
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