Low Doc Home Loan
A low doc home loan is a special lending product provided by a huge range of banks, credit unions, and building societies. These loans help borrowers who may not have the proper paperwork such as tax returns and financial records to apply for a standard home loan, and are typically offered to the self employed who have a good credit history. Low doc home loans generally have a loan to value ratio (LVR) of between 60-80%, meaning that you can only borrow 60-80% of the property value, and pay the rest as an upfront deposit.
Check out the list of low doc loans below to find the cheapest in Australia today. Carefully read their features and fees to make sure you know if the loan is suited for you, before you apply.
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