Loan Features
Income verified via alternative documents
Lenders accept business activity statements (BAS), business bank statements, or accountant letters instead of full tax returns and financial statements.
Pre-approval available
You can confirm your borrowing limit based on alternative documentation before making an offer to purchase a property ( either residential or commercial).
Higher deposit may be required
Low doc loans usually require a larger deposit compared to standard home loans. Lenders usually lend up to 80% of the property value, so a 20% deposit plus cost is required, however some lenders will lend up to 90% and thus only a 10% plus cost is required to be contributed at settlement .
Formal approval after documentation
Lenders review submitted documents and property details before issuing final approval.
Loan settles at purchase
Once approved, funds are released to complete the purchase.
Repayments commence
Structured as principal & interest or interest-only, depending on lender and borrower preference.
Ongoing reviews as required
Some lenders may review updated documents or bank statements periodically to ensure compliance.
GKM Mortgage Brokers can help structure applications to get the best possible amount based on non-standard income.
Why use a Broker?
Access to low doc-friendly lenders
Not all lenders offer low doc loans; brokers know which ones are flexible and reliable.
Guide on required documentation
Brokers advise exactly what documents to provide for a fast approval.
Maximise borrowing potential
Brokers structure applications to get the best possible amount based on non-standard income.
Negotiate rates and terms
Brokers can often secure competitive rates or flexible repayment terms.
Manage the application process
Handling lender communication, documentation, application and conditions reduces stress.
Avoid costly mistakes
Brokers ensure applications meet lender criteria, avoiding delays or rejections.
Ongoing support
Continued advice for refinancing, future property purchases, or changes in income structure. GKM offers free reviews of your lending and situation, so once you are in a position to obtain a ‘Full Doc” loan and secure better rates we will assist our clients with that process as well.