As a self employed person or small business owner, you know your income is strong. However, you may not have the standard payslips or up to date tax returns that traditional banks demand. This is a common reality for business owners, and it should not be a barrier to accessing the finance you need.

Low and alternative document (or alt doc) loans are a legitimate, above board solution designed specifically for this purpose.

This type of lending is designed solely for self employed Australians and small business owners. If you are late in preparing your tax returns for any number of valid business reasons, a low doc loan allows you to use other methods to verify your income and secure finance.

Instead of relying on traditional tax returns, we can build a strong application for you by using a combination of other documents to present a clear picture of your financial situation. These typically include:

Your Business Activity Statements (BAS).

A signed declaration from your accountant.

A series of your recent business banking statements.

If your BAS are not up to date, we can also assist by looking into options for refinancing any tax debt you may have, helping you get your compliance in order.

While low doc lending carries a slight negative stigma from many years ago, the modern reality is that it serves as a crucial strategic tool. Because it is considered slightly higher risk, it is often reflected in a marginally higher interest rate and a lower Loan to Value Ratio (LVR), meaning a larger deposit may be required.

However, we view this type of loan as a temporary stepping stone. Our goal is to secure the finance you need now to achieve your immediate goals. Then, once your full financials are prepared and available, we will proactively work with you to look to refinance you to a mainstream lender, securing a more competitive rate for the long term.

Explore Your Self Employed Finance Options

Do not let non traditional paperwork stop you. Let's discuss your situation and see how we can help you move forward.