Alternative income evidence
Depending on the lender, evidence may include BAS, business bank statements, an accountant declaration or other verified financial information.
Open menu
Alternative income evidence
Low-doc home loan requirements in Australia
Low-doc home loans may suit eligible self-employed borrowers who cannot provide the financial documents used in a standard application. Learn what evidence lenders may accept and what trade-offs to review first.
Your options
What lenders may review in a low-doc application
Low-doc does not mean no documentation. Lenders still need credible evidence of income, a suitable deposit or equity position and confidence that repayments are affordable.
Deposit and equity
Maximum loan-to-value ratios vary and a larger contribution may be required. Lenders mortgage insurance or risk fees can also affect the total cost.
Price and policy trade-offs
Compare rates, fees, features and refinancing options rather than choosing a loan based only on easier documentation.
How it works
A straightforward path to your next decision.
- 01
Confirm why standard financial documents are unavailable.
- 02
Review acceptable evidence, deposit or equity and repayment capacity.
- 03
Compare eligible lenders and understand every cost before applying.
Common questions
What borrowers often ask
What is a low-doc home loan?
It is a loan application pathway that may allow eligible self-employed borrowers to verify income with approved alternatives to the full financial statements and tax returns commonly used in a standard application.
What documents can be used for a low-doc loan?
Accepted evidence varies by lender and may include BAS, business bank statements, an accountant declaration and proof of ABN or GST registration. All information must be accurate and supportable.
Do low-doc home loans cost more?
They can have different rates, fees, risk charges or deposit requirements. The difference depends on the lender, loan-to-value ratio and strength of the application.
Can a low-doc loan later be refinanced?
Potentially. When up-to-date financial documents become available, a borrower may be able to review standard loan options, subject to the new lender assessment and refinancing costs.
Ready when you are
Let’s find your better rate.
Book a free 30-minute appointment with a mortgage broker to clarify your next step.