Low Doc Home Loan For
Self Employed Professionals
Self employed & have no financials? Get a no doc or low doc home loan fast. Perfect for those with low documentation.
*Low Doc Home Loan requires real estate with equity as a security.
Lo Doc Home Loans For the Self Employed
Self employed & have no financials? Get a lo doc home loan fast. We can help!
*Real estate with equity is required as a security.
Up to 80% LVR
Borrow up to 80% of your property’s value with GoZoolu.
Flexibility
We will consider your current situation and all industry to find the most suitable lo doc product.
Convenience
We can assess all applications online and you'll have full access to our lending support team.
Up to 80% LVR
Borrow up to 80% of your property’s value with GoZoolu.
Flexibility
We will consider your current situation and all industry to find the most suitable low doc product.
Convenience
We can assess all applications online and you'll have full access to our lending support team.
WHAT CAN A LOW DOC HOME LOAN DO FOR YOU?
Our no doc or low doc home loans do not require the same extensiveness of documentation expected by traditional banks. So we are perfect for self-employed professionals and tradies! Borrowers may demonstrate their ability to repay the loan through other means. Borrowing from the banks can be difficult, whether due to documentation issues, long wait times, or a lack of empathy for your situation.
We do things differently
Insufficient documentation? We say yes when others say no. Borrowers looking to purchase, renovate, refinance or even raise working capital, can do so against the equity in their property without worrying about providing all of the following.
Guess what? everything below is...
Not Required
The World of GoZoolu
Business and Equipment Financing
The people we work with every day
Independent workers
Self-Employed Clients
Small Business Owners
In a hurry? No problem.
Banks may not consider that new business owners, freelancers, or tradies may not have the income documentation to apply for a traditional loan. Other lenders may also have their reservations, and this often means more time in waiting for a lower chance of securing a loan.
Rather than using only BAS, tax returns, or other traditional income evidence, specialised low doc loans are more flexible with income verification and will take your circumstances into account.
Low doc loans generally require bank statements, BAS and/or an accountant’s letter as proof of income. With GoZoolu, we’ve made that even simpler by providing a quick form that you can fill out to have your loan application processed within a single business day.
Comparing with Traditional Home Loans
Now that we’ve established what low doc loans are, here are some key differences between them and traditional loans.
Banks will often perceive applications with insufficient documentation as being of higher risk, and will be unwilling to go through with a loan.
To account for the greater risk that non bank lenders undertake when dealing with less documentation, as well as the short term nature of loans, the rate will be slightly higher, as mentioned before.
This, however, is balanced out by the highly simplified, non-invasive borrowing process, which requires minimal back-and-forth and can settle significantly faster than with traditional lending.
The flexibility and loan specialisation afforded through low doc loans means that documentation, credit history, any paperwork and whatever else will not stand in the way of a quick settlement.
This also means you don’t have to worry about the details - we’ll sort everything out for you. We’re all about resolving issues, and fast.
More About Low Doc Home Loans
Low Doc Home Loans are a type of loan that does not require the typical documentation that traditional banks usually ask for from borrowers to prove their ability to repay the loan. Traditional banks often present challenges such as demanding specific documentation, long waiting periods, and a lack of understanding for borrowers in certain industries.
While bad credit is the most common reason why people seek non-bank loans, banks sometimes reject even those with acceptable credit scores in favour of industries that they find more favourable.
If you have a good credit score but lack documentation or simply prefer a non-traditional borrowing method for other reasons, low doc and no doc loans can be a suitable alternative, especially for self-employed borrowers who may struggle to provide traditional proof of income.
GoZoolu
Low Doc Home Loan vs Traditional Loans
With low doc loans, borrowers who want to purchase, renovate, refinance, or obtain working capital can do so based on the equity in their property without the need to provide various documents such as tax returns, financial statements, BAS, or bank statements.
However, these loans usually come with slightly higher interest rates to account for the increased risk taken by lenders, as well as the number of borrowers who default on their payments.
Why GoZoolu
GoZoolu provides low doc home loans specifically designed for individuals who may not have the income documentation required for a traditional loan.
Banks and other lenders may hesitate to approve loans for new business owners, freelancers, or tradespeople due to the lack of traditional income evidence.
Low doc loans offer more flexibility in income verification and take into account individual circumstances. While they generally require bank statements, BAS, and/or an accountant's letter as proof of income,
GoZoolu has simplified the application process by offering a quick form that can be filled out, with loan applications processed within one business day.
Why take up a GoZoolu Low Doc Home Loan
Banks often view applications with insufficient documentation as riskier and are hesitant to approve them. To compensate for the higher risk that private lenders assume when dealing with less documentation and the short-term nature of these loans, the interest rates for low doc loans are slightly higher, as mentioned earlier.
However, the borrowing process for low doc loans is highly simplified and non-invasive, requiring minimal back-and-forth communication and allowing for faster loan settlement compared to traditional lending. The flexibility and specialized nature of low doc loans mean that documentation, credit history, and paperwork do not hinder a quick settlement.
At GoZoolu, we only require minimal documentation and an accountant's letter in order to approve low doc loans.
Now you can skip all the hurdles and get a loan approval quickly. All our loans are secured against existing equity remaining on your property and this allows us to process applications quickly.
Key features of GoZoolu's Low Doc home loans include:
80% LVR (Loan-to-Value Ratio)
Borrow up to 80% of the property's value.
Quick Responses
Less documentation is required, resulting in faster approvals.
High Flexibility
GoZoolu considers the borrower's current situation and industry to find the most suitable low doc loan product.
Simple Process
All applications can be taken and assessed online, and borrowers have full access to the lending support team.
Ready to proceed with a Low Doc Home Loan?
Here at GoZoolu, we can offer fast turnaround and lending services that are tailored to each individual client and their situation. If you’re looking for a clean and easy low doc loan, give us a call or complete our enquiry form.
One of our lending managers will get back to you shortly. Our no doc/low doc loans come from non bank lenders who understand and specialise in this area of lending. We will compare from our network of over 200 lenders to find the most suitable low doc product for you.
We work in a wide variety of industries dealing in real estate. Specialising in commercial, industrial, residential, and construction. Whether you need to finance a purchase, develop land, or top up on your construction or get additional working capital, we can get you the funds you need quickly.
CONTACT US
Give us some of your basic details through the quick form and we'll handle the rest.
APPROVAL
A loan specialist will contact you and can start the process straight away for a quick approval.
FUNDS TRANSFER
Approval's done, valuation completed - Off we go to settlement. Get the funds you need.
Low Doc Home Loans for Melbourne, Sydney, Canberra, Perth, Brisbane, Adelaide, and more.
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