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 12 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.
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All applications are subject to Pepper's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.
This article provides you with factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77 or speak to an accredited Pepper Money broker.