Being up to date with 'Full Doc'
‘Full doc’ is a term we use that simply means you have all the up to date documentation you need to apply for a particular loan. Let’s say you are PAYG or self-employed and you have all your tax returns up to date. This documentation would be required as part of your ‘Full doc’ loan application.
There's another way with 'Alt Doc'
If you don’t have all the documents needed for a ‘Full doc' application, you might instead meet ‘Alt doc’ requirements. That simply means you perhaps don’t have your tax returns up to date and we’ll help you find alternative ways to verify your income and confirm your ability to repay a home loan. Depending on the product you apply for, we might ask for different documentation, like your bank statements, Business Activity Statements (BAS) or an accountant’s declaration.
We’re not about how you fit into a regimented system, we're about doing our best to find a home loan suitable for you.
Just because you’re self-employed and might not tick all the usual boxes for a traditional lender, it doesn’t mean to say you’re unable to get a home loan.
The smallest of credit defaults like a missed phone or utility bill shouldn’t be the difference between a yes or a no. And your application shouldn’t be scored by an automated credit-scoring machine that doesn’t let you tell your story.
By being a little flexible, we’ve been able to help thousands of small business owners in Australia achieve their home loan happiness.
We hear you
At Pepper Money, you’ll talk one-on-one to a Lending Specialist. That person will be the one that sees your application all the way through, from your first chat about your personal circumstances, to overseeing your assessment to giving you a straightforward answer, sooner rather than later.
What you get with Pepper Money
- Individual and personalised assessment with a decision maker
- Competitive interest rates matched to your circumstances
- Apply with or without up to date tax returns
- 100% interest offset sub-account
- Cash out for approved business purposes
- Consolidate an unlimited number of debts
- Gifted deposits allowed
- Access to redraw facilities and Visa debit card access
- Account splits if needed
- Borrowers with impaired credit history considered.
If you’re keen to learn a little more about the home loan that could work for you and how much borrowing power you have, or simply to get some answers to a few questions, you can always get help from one of our friendly Lending Specialists on 13 73 77.
We know perfectly good people don't always have perfect paperwork
For more of your questions answered visit our Help Centre