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Low Doc Home Loan

Low Documentation (Low Doc) Home Loans are designed for self-employed customers and small business owners who may not have access to the financial statements and tax returns usually required when applying for a home loan.

Our lending specialists will help you choose a home loan with a Low Doc option.

The Low Doc option is available on the following home loans: (package discounts are not available on Low Doc Home Loans)

Our Standard Variable Rate offers a competitive rate and choice of flexible features tailored to your changing needs.

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With a Fixed Rate home loan or Investment home loan for up to 15 years, you can budget accurately and plan your finances.

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Save even more with a low introductory rate and no monthly loan service fees for the life of the loan, with our 3 Year Special Economiser Home Loan.

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The Viridian Line of Credit is a convenient, all-in-one transaction account that combines your Home Loan, daily spending and savings into one, putting you in control.

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We can tailor a home loan that's right for you, and provide the tools and insights to meet your needs.

What you’ll need to apply for a Low Doc Home Loan

If you’re self-employed and looking for a Low Doc option, there are some conditions that apply.

  • You need to have been self-employed in the same industry for at least one year and supply details such as your ABN and/or Certificate of Incorporation
  • You need to provide your Business Activity Statements (BAS) for the past 12 consecutive months, verified by the Australian Tax Office (ATO)
  • You need to confirm that your income has been registered for GST for a minimum of 12 months
  • You may be asked to provide six months’ worth of statements for your primary business or personal transaction account
  • The maximum amount you can borrow on a Low Doc Home Loan is 80% of the property value
  • If you are borrowing more than 60% of the property value, you will need Lenders’ Mortgage Insurance.

Make an appointment online or call us on 13 2224 to speak with a lending specialist about how to apply for a Low Doc Home Loan.

Borrowing options

Split the cost of a home with family or friends, while retaining individual control of your finances. Available on most home loans.

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Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit, so you can own your home sooner.

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A family member can help you secure a home loan by mortgaging their own property as additional security.

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Get the finance you need to buy a new property before you’ve settled on the sale of your existing one.

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Similar to Lenders’ Mortgage Insurance, this additional cost is added to your loan, so you don’t have to come up with these funds upfront.

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Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

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We can help

Ready to apply or want to discuss your home loan needs?

or

Already a customer banking online with us?

Save time by using your NetBank details. 

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

or

Already a customer banking online with us?

Save time by using your NetBank details. 

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Important information

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Bank fees and charges are payable. Low Docs Loans are not available on 1-year Guaranteed Rate, 12-month Discounted Variable Rate, 3-year Special Economiser, Equity Unlock Loan for Seniors and No Fee Variable Rate.

Package discounts are not available on Low Doc Loans.