Low doc home loans for self-employed borrowers

Last updated 3 November 2026 · Reviewed by 360 MMS Compliance

What is a low doc home loan?

A low doc home loan uses evidence of your income other than full tax returns. You sign a declaration of your income and provide other documents from your business. "Low doc" doesn't mean "no doc": your income still has to be shown and checked, and your broker still makes reasonable inquiries about your finances.

What documents can I use instead of tax returns?

With our alt doc loans you sign an income declaration and provide supporting evidence. Depending on the loan, that can include:

• an accountant's letter
• business bank statements
• BAS
• or a combination of these

Your broker will explain which documents are needed for your circumstances.

How long do I need to have been in business?

It depends on the loan and your circumstances. We can help with loans for established businesses, and some of our specialist loans may help if your business is newer. If your ABN is very new, talk to your broker about what may be possible. Your broker will assess your income and financial situation.

Is a low doc loan more expensive?

Often, yes. Because less documentation is used, low doc loans usually have a higher interest rate than full doc loans. On some loans, if any applicant uses alt doc, alt doc pricing applies to the whole loan. If your paperwork is up to date, your broker can also look at the cost of a full doc option.

What if I have a year of financials but not two?

We can help with full doc loans too, and some of them may be able to work with a shorter set of financials, depending on your circumstances. Full doc loans are generally priced lower than low doc loans. Your broker will assess your income and financial situation. Every application is assessed on its circumstances and lending criteria.

Is refinancing simpler if I already have a home loan?

It can be. If you already have a home loan with a clean repayment record, a streamlined refinance may be available, which can make the application simpler. Eligibility criteria apply, and the new loan has to leave you better off. Your broker will assess your income and financial situation.

What else does the lender look at?

• Your credit history, including any defaults or tax debts.
• Your other debts and living expenses.
• The property and the loan amount.
• That the loan meets your needs and you can afford the repayments.

FAQs

General information only. It doesn't take into account your objectives, financial situation or needs, and it isn't credit, tax or legal advice. All loans are subject to lending criteria, and fees and charges apply. Kuone Pty Ltd T/As 360 MMS (ABN 81 621 683 672), Australian Credit Licence 504193.