What is Low Doc or Alt Doc?

What are Low Doc Loans

A ‘Low Doc’ home loan is simply a term used to describe the amount and type of income documentation you're able to provide for a home loan application.

At Pepper, we don't offer Low Doc loans. Instead we offer alternative documentation loans (Alt Doc). The reason is because it’s not about providing less or a low amount of income documentation, but more about providing alternative documentation for evidence of your income.

If, for example, you can’t give us up to date tax returns, no problem. With Pepper, you can provide alternative income documents to support your loan application.

When we assess your ‘Alt Doc’ application some of the things we look for are:

  • Has your business been ABN registered for at least 6 months?
  • Has your business been GST registered for at least 6 months?
  • Business Activity Statements (BAS)
  • Bank Account Statements

Of course, different home loan products will require different levels of supporting documentation. For this reason, the best thing to do is to talk to us. We’ll go through the income verification documents you do have, talk to you about what the options are and work with you to find a home loan that meets your needs.

Speak to one of our friendly Lending Specialists by calling 13 73 77.

Pepper has helped thousands of borrowers just like you. Read their stories.

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