Bricks & Sticks Pre-approval form
Lo Doc Self-Employed


If you’re having trouble securing a loan, if the usual paperwork stumbling blocks are making things difficult for you, consider a Bricks & Sticks Low Doc. Many Australians have little traditional proof of income and/or financial history, and the Low-doc loan could be the right option for you.

Low-doc loans

The Low-doc loan process is designed to be a quick, simple and a comparatively trouble-free service. This type of loan caters for self-employed borrowers, who are unable to provide full financial statements and other evidence of their income.
There is a growing range of low-doc products on the market, with many lenders offering standard and premium low-doc loans with the choice of fixed or variable interest rates. Borrowers also get access to a range of loan features and options never previously available.
However, most lenders require low-doc borrowers to take out when borrowing up to 80 per cent of the property value. Some lenders also charge a higher interest rate for these products. These rates may be reduced after a certain time period or when you are able to provide tax returns.

The challenge is to find the best loan with the best features for your particular circumstances. That's where our team of experts can help.

At a glance…

  • Less paperwork – requires self-certification instead of traditional proof of income

  • Streamlined application process

  • You may borrow up to 80 per cent of the property value

  • Interest rate discounts may apply after a specific time period

  • Potential eligibility for lower interest rates if you can supply tax returns at a later date

  • Requires clean credit history

  • Lenders may not lend in high risk areas such as inner city high-rises or large rural allotments

  • Generally higher interest rates with less features than a traditional loan.

May require lender’s mortgage insurance, adding to cost of loan