No tax returns? Overseas income? Self-employed? Low doc loans smash barriers for non-residents, expats, self-employed and professional investors. Whether you’re a Melbourne self-employed business owner with complex financials, an expat returning to Brisbane, or a Sydney professional investor building a portfolio, 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.
Low doc (or lo doc) loans are mortgage products designed for borrowers who can’t provide the full set of standard income documents—such as payslips or tax returns—but can verify income through alternative means.
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.
🌏 Global Income, Local Property – No Aussie PaySlips? No Problem.
Australian banks sidelined temporary residents and expats. We didn’t.
Case Study: A Chinese investor secured a $1.2M low-doc investment loan using Chinese income – and settled a Sydney duplex in 11 days.
🏡 Home Loans for the Hustlers
Self-employed? Casual worker? SMSF investor? Prove income your way.
| 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% + |
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.
