What is a low doc loan, and who is it for?
Self employed and your financials aren't up to date? A low doc loan can use other proof of income instead.
By Hayden Gemmill, Fund 360 · 6 October 2026
A low doc (low documentation) loan is finance for self employed borrowers who can't easily show their income with recent tax returns and financial statements. Instead, the lender relies on other evidence that your business is trading and can afford the repayments.
Who it suits
- Sole traders and business owners whose tax returns are still with the accountant.
- Businesses that have grown quickly, so last year's financials don't reflect today.
- Contractors and tradies with steady work but irregular paperwork.
What lenders may accept instead
- Your ABN and GST registration history.
- Recent BAS statements.
- Business bank statements.
- An accountant's letter or declaration of income.
What to expect
Each lender has its own rules. Many look for an ABN that's been active for a year or two and GST registration, and some cap how much they'll lend on low doc terms. Owning property, having a deposit and a clean credit history can all strengthen an application. Rates can be a little higher than full doc loans, though not always.
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This guide is general information only and doesn't take into account your objectives, financial situation or needs. It isn't financial, tax or legal advice. Talk to us about your situation, and to your accountant about tax.