Low Doc Loan - Variable or Fixed Rate

A low doc loan is designed for people who are self-employed and have had an Australian Business Number (ABN) registered for at least two years, including GST registration. Also, this loan does not require applicants to produce full financials, whether you are unable to or do not wish to.

This loan requires applicants to provide six month's mortgage or rental statements on application. Also, a clean credit history is required, with no loan defaults. For loans for credit defaults, click here for more information.

With this loan you are able to:
- Borrow between $50,000 to $1 million, for a period of 15 to 30 years.
- Obtain up to 80% Loan to value Ratio (LVR) without paying lender's Mortgage Insurance premiums.
- Choose between variable and fixed interest rates for three years.
- Make repayments either weekly, fortnightly or monthly, or through a direct debit system. - Choose a line of credit facility, including phone or internet, ATM or EFTPOS, with access to monthly statements.

Low doc loans are suitable for people without full financials who:
- Need to borrow more money than traditional lenders allow.
- Have an inadequate or inconsistent savings history.
- Have an unusual deposit, such as a gift. 

Bad Credit Loans are able to put their clients with the right lenders, lenders who can provide useful advice and financial aid where possible, helping people get their finances back on track. A bad credit history should not stop you from considering investing in your future.

Contact us for more information or simply apply for a loan through Bad Credit Loans.