Low-doc home loans, honestly
Low-doc was never meant to be the default. It’s a bridge for genuine income that can’t yet be evidenced, at a price.
When low-doc is the right call
New ABN with strong turnover but only one year of returns. Recently incorporated, healthy BAS history. Big one-off year that distorts a clean two-year average.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.