Home loans for business owners



Nov 21, 2008( 2 min read )

article header

While business owners have a strong hold over their day to day business affairs it can be difficult for them to get a home loan because of the lack of proof of income and financial paperwork that most lenders require. This is where low doc home loans come in and save the day, designed specifically to suit the self-employed.

What is a low doc home loan?

Low doc literally means ‘low documentation’ and refers to financial statements, such as tax returns and pay slips.

Compared to standard home loans, low doc loans allow you to obtain finance with less documentation but also come with the extra price tag of higher fees and greater interest rates.

However, if you do have your financial records up to date you may also be given the option to apply for one of their standard home loans.

These special lending products are available from most banks and institutions and can be used for:

  • Investment purposes
  • Home owners who are simply living in their own property.
  • Business loans

Whether you are interested in a fixed or variable rate loan, your application will be subject to the Bank’s usual credit approval process.

Is a low doc loan right for me?

If you are self-employed or are having difficulties getting a home loan due to an uneven flow of income, then a low doc loan may be suitable for you.

Low documentation loans provide a home lending option for those that have difficulty presenting financial statements about their income. Be sure to check the product disclosure statement if you’re unsure. And if you still have doubts after reading the fine print, speak to a financial advisor.

For the most comprehensive list of competitive mortgage rates available on the market see RateCity’s low doc home loans table.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Compare your product with the big 4 banks, or add more products to compare
As seen on