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Low doc Home Loans are suitable for non-residents, expats, self-employed and professional investors. If you have reasonable income but don’t fit the usual PAYG documentation requirements, Formation Finance will help you secure flexible funding options with competitive rates.
| Home Loans | Owner Occupied (Principal & Interest) | Investment (Principal & Interest) | Investment (Interest Only) |
|---|---|---|---|
| Variable, from | 6.10% | 6.39% | 6.54% |
| Fixed (1 year), from | 6.09% | 6.24% | 6.24% |
| Fixed (2 year), from | 6.09% | 6.14% | 6.14% |
| Fixed (3 year), from | 5.99% | 6.39% | 6.39% |
| Refinance Cashback, up to | $2,000 | ||
| Non-resident loans | Interest Rate from |
|---|---|
| Expat (citizen/ PR) | 7.09% + |
| Temporary Residents (TR) | 7.09% + |
| Foreign (no visa) | 7.89% + |
Low doc loans still go through a lender assessment, but income is verified using alternative financial evidence rather than standard PAYG documents alone. Depending on the lender, this may include BAS, business bank statements, ABN or GST history, and accountant-supported documents. Because the lender is taking a more flexible approach to income verification, low doc loans may come with higher rates or lower LVR limits than full doc home loans.
They’re commonly used by:
Instead of traditional payslips and tax returns, low doc home loans may rely on:
These loans are available for both owner-occupied and investment purposes and can be structured similarly to standard mortgages—with variable, fixed, or interest-only options.
Australian banks sidelined temporary residents and expats. Formation Finance didn’t.
We accept a wide range of applicants. Prove income your way.
A low doc (or lo doc) loan is a type of mortgage designed for self-employed borrowers who can’t provide standard documentation like tax returns or payslips. Instead, income is verified through BAS, bank statements, or an accountant’s declaration.
Low doc loans are ideal for self-employed individuals, sole traders, freelancers, or small business owners with irregular income or recently established businesses.
Generally up to 80% of the property value.
Absolutely. Many self-employed borrowers use low doc loans to refinance existing debt, consolidate personal or business loans, or access equity from their property.
Yes. We understand self-employed people may have complicated financials that their accountant is best placed to understand and articulate.
Absolutely. We accept income from over 100 countires, including New Zealand, China, Hong Kong, Singapore, Malaysia, Vietnam, India, Sri Lanka and more.
