Self-Employed & Low Doc Loans
Self-Employed & Low Doc Loans
Flexible Finance for Self-Employed Borrowers
Being self-employed can mean your income doesn’t always fit the standard lending criteria used by traditional banks. That doesn’t necessarily mean your finance options are limited.
At Kesh Finance Solutions, we help self-employed borrowers explore lending options across banks, non-bank and specialist lenders. Depending on your circumstances, income may be assessed using alternative documentation such as BAS statements, business bank statements or an accountant’s declaration.
How Low Doc & Alt Doc Loans Work
Low Doc and Alt Doc loans provide alternative ways for self-employed borrowers to demonstrate their income when traditional financial documents may not accurately reflect their current business performance.
Depending on the lender and individual circumstances, income verification may include:
• Business Activity Statements (BAS)
• Business bank statements
• Accountant’s declarations or letters
• Other acceptable business financial information
With access to a range of bank, non-bank and specialist lenders, we can assess which documentation and lending options may suit your circumstances.
Key Features of Low Doc & Alt Doc Loans
Flexible Income Verification
BAS, business bank statements or accountant-supported income verification may be accepted.
Finance for Different Purposes
Options may be available for purchasing, refinancing or investing.
Access to Specialist Lenders
Access to bank, non-bank and specialist lenders with solutions for self-employed borrowers.
Flexible Lending Solutions
Loan options can be assessed around your business, income and individual circumstances.
How We Help Self-Employed Borrowers
Alternative Income Verification
- BAS, business bank statements or accountant-supported income verification may be considered
- Solutions for borrowers whose financials may not reflect current business performance
- Documentation requirements vary between lenders
Finance for Different Purposes
- Options may be available for purchasing, refinancing or investing
- Solutions can be considered for owner-occupied and investment properties
- Loan structures can be assessed around your individual objectives
Access to Specialist Lenders
- Access to bank, non-bank and specialist lenders
- Different lenders accept different forms of income verification
- We compare suitable options based on your circumstances
What to Consider with Low Doc & Alt Doc Loans
While these loans provide access to finance, borrowers should be aware of certain considerations:
Higher Interest Rates
Low Doc and Alt Doc loans generally have higher interest rates than standard Full Doc home loans.
Fees & Lending Costs
Fees and lending costs vary depending on the lender, loan amount, LVR and individual circumstances.
Loan-to-Value Ratio (LVR)
Some Low Doc lenders may offer lending up to 80% LVR, subject to lender policy, loan size, security and borrower circumstances.
What Can Low Doc & Alt Doc Finance Be Used For?
Low-documentation loans can support funding for:
- Owner-occupier homes
- Investment properties
- Refinancing existing loans
- Debt consolidation secured by property
- We assess your loan purpose, income position and overall circumstances to identify lenders and loan structures that may suit your needs.
What You May Need to Get Started
- Recent BAS and/or business bank statements
- ABN and GST registration details where applicable
- Accountant’s declaration or letter where required
- Details of your assets, liabilities and existing loans
- Information about the property and your intended loan purpose
Why Choose Kesh Finance Solutions?
Solutions Built Around Your Circumstances
We take the time to understand your business, income and borrowing needs before exploring suitable lending options.
Access to Specialist Lenders
We compare suitable options across banks, non-bank and specialist lenders, including lenders experienced with self-employed borrowers.
Experience with Complex Scenarios
We understand alternative income verification and more complex self-employed scenarios, and can help structure applications around your individual circumstances.
Not Sure If Low Doc Finance Is Right for You?
Every self-employed borrower is different. We can assess your income, business circumstances and borrowing needs, then explore Low Doc, Alt Doc and other lending options that may be suitable for you.