This type of loan is designed specifically for self-employed people, who have been trading for more than 12 months (ABN must be registered for more than 12 months) and wish to self-certify their net income (Low Doc). With this loan you can:

• Borrow from $50,000 up to $2.5 million, for a period of 10 to 30 years
• Obtain up to 80% Loan to Value Ratio with the lender paying the Lenders’ Mortgage Insurance premium.
• Choose from a variable interest rate or a fixed rate for 1, 3 or 5 years.
• Repay your loan monthly, fortnightly or weekly including by direct debit
• Step down to a lower variable rate from the 2nd anniversary of settlement provided you have no arrears on your loan and have not missed any repayments.

Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements.

This type of loan is ideal for people who are wishing to use equity out of their homes to fund their business and are having difficulty obtaining high Loan to Value Ratio loans because of limited financials. With this loan you will need to provide your an income declaration form and other documentary evidence including an ABN.

Low Doc and Fully Verified refers to the way in which a Lender substantiate your income.

Self Verified (Low Doc)
You may be self employed or PAYG and you cannot or do not wish to verify your income. Circumstances that may require Low doc include:

• Operating a partial year and you don’t have complete tax returns.
• Unusual Income sources
• Unable to verify your full income
• Lenders may require other criteria to substantiate your income: including income declaration forms, bank statements, or B.A.S statements.

Fully Verified

You may be self employed or PAYG and you are able to fully disclose your income and can provide documentary evidence. This may include:

• 2 years Tax returns
• Computer Generated Payslips
• Letter from Employer

Low Doc loans can attract a higher interest rate than a Fully Verified loan. There are circumstances where income can be substantiated by alternative means to obtain a more competitive rate than a low doc rate. A complete analysis will identify the most competitive product.

This loan is designed specifically for self-employed people who have had an ABN registered for 1 day, 12 months and 2 years or more. You may fully disclose your income or choose to self verify as you do not have complete financials or you are not able or do not wish to produce full financials. With this loan you can:

• Borrow from $50,000 up to $2.5 million, for a period of 15 to 30 years
• Obtain up to 80% Loan to Value Ratio without paying the Lenders’ Mortgage Insurance premium.
• Obtain up to 95% Loan to Value Ratio with Mortgage Insurance.
• Choose from a variable interest rate or a fixed rate for 1, 3, or 5 years .
• Repay your loan monthly, fortnightly or weekly including by direct debit
• Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements.
• Clean or Impaired Credit History.
• Choose a 100% Offset Account, including phone or internet, ATM and EFTPOS Access and monthly statements.

This type of loan is ideal for people who:

• May need to borrow more money than the limits imposed by tradition lenders
• Have an inconsistent or inadequate savings history
• Have an unusual deposit, such as a gift.

Low Doc Loans and No Doc Loans are used specifically for self-employed people who have had an ABN registered for 1 or 2 years or more and are not able or do not wish to produce full financials. With Low Doc Loans you can:

• Borrow from $50,000 up to $1 million, for a period of 15 to 30 years.
• Obtain up to 80% Loan to Value Ratio without paying the Lenders’ Mortgage Insurance premium.
• Obtain up to 90% Loan to Value Ratio with paying the Lenders’ Mortgage Insurance premium or a Risk Fee.
• Choose from a variable interest rate or a fixed rate for 1, 2, 3 or 5 years
• Repay your loan monthly, fortnightly or weekly including by direct debit
• Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements.
• Choose a 100% Offset Account, including phone or internet, ATM and EFTPOS Access and monthly statements.

Low Doc loans are available for:

• Self Employed for 12 months or greater.
• Self Employed for 24 months or greater
• Non Conforming Low doc loans (see our non conforming loans website)

No Doc loans are available for Investment Purposes Only:

• Self Employed for 1 day or greater.
• Self Employed for 12 months or greater.
• Self Employed for 24 months or greater.

Low Doc Loans and No Doc Loans are ideal for people do not have full financials and who:

• May need to borrow money for investment or personal purposes.
• Are unable to or do not wish to fully verify their income.
• Have equity in their own home or a deposit.
• With this loan you will need to provide 6 month’s mortgage statements.

Loan Saver Network will look at your individual situation and provide clear advice, guidance and assistance to help you move forward and where possible obtain the funds you need.

To get started, simply Apply for a Loan below or contact us for more information.