Lo Doc
Low Doc loans are relatively new to the market. They are a flexible finance solution for self employed people who have an income and assets but may not have all the usual paperwork such as financial statements or tax returns.
With a Low Doc loan you get all the features of a Standard Variable Product such as, access to redraw, flexible repayment options, ability to make lump sum repayments and even mortgage minimization through an offset account.
To be eligible for this product you will need a clear credit history and sufficient equity or savings to complete the purchase. You will also need to contribute around 20% - 30% of the value of the property.
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