Low-Doc Loans

“We can offer you a low-doc loan with a competitive rate, and which will only require a small amount of paperwork, for the self employed….”

Have you been rejected by the banks or non-bank lenders because you are a self-employed and don’t have financial statements or current tax returns available? Then you will need to give us a call to discuss about a Low-Doc Loan. These stated income loans are designed for self-employed borrowers who are comfortable they have adequate cash flow to service a home loan.

At Citywest Accountants, we don’t believe our clients should pay higher interest rates just because they are self-employed and can’t provide full financials. As qualified accountants, we fully understand that cash flow can be unpredictable, and keeping up to date financials is a constant struggle when time is at a premium.

Our Low-Doc Loans are simple and straight forward, and it is designed with our self-employed clients in mind. Forget about the unnecessary paperwork, because we have got everything you need. It is a self-certification loan which means that our client, or sometimes with the help of their accountant, can certify that they can repay the loan. In most cases, this undertaking will be acceptable to our lenders.

Features of our Low-Doc Loans include:

• Lo Doc standard term loans or Lo Doc Line of Credit loans.
• Principle and Interest or Interest Only repayment structures.  Put simply, you can choose whether initially you would like to repay just the interest on the amount you borrow, or installments of the amount you borrowed plus interest. Paying back just the interest to start with may suit borrowers who have limited funds in the first few years of their loan.
• Fixed or variable interest rates.  A fixed interest rate helps with budgeting and gives you the security of knowing exactly how much your repayments will be each month. A variable interest rate can go up or down depending on the Reserve Bank's set rate.
• Automatic conversion to a Standard Interest Rate (some terms and conditions apply.

For more information on our Low-Doc Loans, or any of our financial services, you can ring us on (02) 9680-0131. Alternatively, you can book a FREE Consultation, by using our Online Enquiry Form.