Low Doc Loans

Low Doc Loans, which are available from non-conforming lenders, are a great alternative for the self employed, as basically all that is required is a letter from your accountant stating what you earn and that you can afford to make the repayments.

Lately the ATO has been paying attention to people and businesses that have a large cash income where on tax returns the entity shows only a very small profit, but when it comes to a loan they are able to afford low doc loans of many times more than their taxable income could support.

So be aware, if taking this option you may be attracting scrutiny from the ATO.