Low Doc
A low doc loan (short for “low documentation
loan”) is a type of loan designed for people who
may not have full income verification or
standard documentation, like payslips, tax
returns, or financial statements.
Who Typically Uses Low Doc Loans
- Self-employed individuals (consultants,
freelancers, contractors)
- Business owners without formal salary slips
- People with irregular income or non-traditional
income sources
- People with irregular income or non-traditional
income sources
- Investors buying property who want simplified
documentation