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.