Self-Employed
Private Home Loan
GoZoolu - Australia's Trusted Lo-Doc Home Loan Specialist
GoZoolu's Self-Employed Home Loans
Perfect for Borrowers who own their own businesses and have low doc.
Are you self-employed and struggling to secure a loan? You're not alone. Many entrepreneurs face challenges when it comes to borrowing, often due to irregular income or lack of traditional documentation.
GoZoolu understands these hurdles and has stepped in to revolutionise private lending for self-employed individuals in Australia.
With innovative solutions tailored to your unique situation, GoZoolu is changing the game for those who work for themselves.
In this guide, we'll explore the current self-employed private lending landscape for borrowers in Australia and how GoZoolu is addressing common pain points. You'll discover GoZoolu's groundbreaking approach to assessing loan applications, learn tips to boost your borrowing potential, and get a glimpse into the future of self-employed private lending. Whether you're looking for a low doc or no doc loan option, GoZoolu has solutions designed to help your business thrive.
The Self-Employed Private Lending
Landscape in Australia
GoZoolu works in the self-employed lending landscape in Australia by offering innovative solutions tailored to the unique needs of entrepreneurs. Here is some information on what private lending might look like for self-employed borrowers.
Current Market Trends
As a self-employed individual in Australia, you're part of a significant economic force. In 2023, self-employed workers contributed AUD 177.05 billion to total labor incomes. Despite this substantial contribution, securing a home loan can be challenging due to the fluctuating nature of self-employed income. The low doc lending landscape is evolving, with non-bank lenders gaining prominence. In 2023, these lenders increased their share of self-employed borrowers, as well as alt-doc loans and self-managed superannuation fund loans. This shift occurred as traditional banks tightened their lending criteria.
Challenges Faced By Self-Employed Borrowers
As a self-employed borrower, you face unique hurdles in the lending process. Traditional banks typically require two years of financials, business bank statements, and proof of balance sheets 1. This extensive documentation can be daunting, especially if you've been in business for less than 12 months or have an imperfect credit score. Lenders assess your credibility differently based on your industry. For instance, if you're in a high-risk sector like international travel and tourism, you might encounter additional scrutiny. Moreover, demonstrating a consistent income can be challenging, as your earnings may fluctuate more than those of salaried employees.
The role of alternative private lenders like GoZoolu
To address these challenges, alternative lenders have stepped in to fill the gap. Non-bank lenders often focus on underserved market segments and compete with banks based on loan turn-around times and service levels. They offer more flexible options, such as low doc and no doc loans, which require less documented evidence. For example, we allow company wages as evidence for loans with a loan-to-value ratio below 80%.
GoZoolu's Solutions for Self-Employed Home Loans
GoZoolu understands your unique financial needs as a self-employed individual. Whether you're looking to invest, refinance, or purchase property, GoZoolu offers a range of low doc and no-doc loan options tailored to your specific situation. These loans are designed to help you achieve your financial goals, whether it's securing a home, growing your business, or investing in property.
Unlike traditional lenders, GoZoolu has done away with typical BAS or income statement verifications. Instead, they focus on a personalized, case-by-case assessment of your application. This approach allows for faster approvals and simpler loan processes, getting you the funds you need more quickly. GoZoolu only requires minimal documentation and an accountant's letter to approve low doc loans, enabling you to skip the hurdles and get a loan approval swiftly
GoZoolu works with lenders who recognise that every client has unique and diverse circumstances. They're familiar with and have compassion for your situation, whether you're a new business owner, freelancer, or tradesperson. By looking at every application individually within its specific context, we can put together a more accurate picture of exactly what you need.
GoZoolu offers self-employed private loans with up to 80% LVR. These loans are flexible and can be secured against residential property, residential land, commercial property, and more. This flexibility allows GoZoolu to cater to a wide range of self-employed borrowers across various industries.
By focusing on what we can do for self-employed borrowers, we've created a private lending solution that addresses the common challenges faced by those who work for themselves. This approach also provides a pathway to credit that might otherwise be unavailable through traditional lending channels.
Maximise Your Self-Employed Private Home Loans with GoZoolu
Remember, GoZoolu's approach is designed to simplify the borrowing process for self-employed individuals. They require minimal documentation, often just an accountant's letter, to approve low doc private home loans. This streamlined process allows you to skip the hurdles typically associated with traditional lending and get a loan approval quickly.
Financial Profile
To boost your chances of securing a private home loan with GoZoolu, focus on strengthening your financial profile. Maintain a good credit score by paying bills on time and managing your personal and business credit responsibly. It's also important to demonstrate income stability, even in the face of fluctuations common to self-employment. Traditional banks often present challenges such as demanding specific documentation, long waiting periods, and a lack of understanding for borrowers in certain industries.
Leveraging Business Assets
GoZoolu offers flexible loan options that allow you to leverage your business assets effectively. You can secure loans against residential property, residential land, or commercial property.
This flexibility enables you to access funds for various purposes, including investment, refinancing, or property purchase. GoZoolu provides loans with up to 80% LVR for 30 years, with 5-year interest-only options.
Exploring Guarantor Options
While GoZoolu focuses on providing solutions for self-employed borrowers, it's worth noting that guarantor loans can be an option in certain situations. However, these should be approached with caution. A guarantor loan allows someone, often a parent, to put up their property as collateral along with the one you want to purchase.
This can help you secure finance without needing a cash deposit, but it comes with significant implications for both parties
Our Commitment
Many things have changed over the past decades, but our commitment to securing lo doc loans reliably and strikingly fast for all borrowers remains the same.
Let's Talk
Open-Minded Assessment
Even if you have a shining credit score, it can be difficult for small businesses and self-employed individuals to produce substantial enough documentation for traditional bank loans, and that’s why we’ve done away with typical BAS or income statement verifications in favour of personalised, case-by-case assessment.
The unique GoZoolu experience
Many things have changed over the past decades, but our commitment to securing lo doc loans reliably and strikingly fast for all borrowers remains the same.
GoZoolu is a lo doc and no-doc loan specialist that focuses on getting you the finance you require - as quickly and efficiently as possible. We’ve been providing for our clients since the early millennium, with our team possessing decades of experience in non-traditional loans. You can count on us to do everything we can to assure your satisfaction in all areas of the lending process.
Our network of over 200 individual lenders from all across Australia is composed of professionals with empathy and a focus on small businesses. GoZoolu understands these businesses well and has connections with friends and partners who run small businesses themselves. While we work on your loan, you can feel confident that you'll be paired with lenders who have earned their stripes, are familiar with the loan process, and who recognise your circumstances. Here at GoZoolu, you can count on us to compare among all possibilities to put together the promising arrangement for your needs.
APPLY NOW
Click on apply now and provide some basic information
APPROVAL
A loan specialist will contact you and an approval can take only minutes
sETTLEMENT
Once the lo doc home loan is approved by our appointed lender, funds can be made available quickly.
Get the best loan you can
GoZoolu focuses on providing you with a streamlined borrowing experience. As long as you are ABN and GST registered for over 12 months, we require nothing more than a bit of self-certification. We offer up to 80% LVR for 30 years, with 5 years of interest-only loans. Loans are flexible and can be secured against residential property, residential land, commercial property, and so on.
Let us help you all the way
No more long waiting times, and no need for the paperwork or the back-and-forth of traditional borrowing. Simply fill in the straightforward income declaration form and our team will get back to you within a single business day to discuss a personalised loan plan. Our goal is to simplify the entire process and make borrowing with us easy in and easy out.
quick approvals
BUSINESS CASHFLOW LOANS
DONE EASY
Does your business need Financing Urgently? Need to pay off creditors or improve cashflow? Get An Unsecured Business Loan Today.
Whatever your requirements are, we can tailor a business loan to suit your situation. We offer loans from as low as $5,000 to $500,000. Submit an application today and get an approval within minutes*.
With over 15 years in private business lending, GoZoolu has the network and expertise to help secure the funding you require for your business. We have helped many businesses in Australia access private funding even when the banks have said No. Our clients have been able to pay off creditors, improve cashflow and avoid being put into administration.
APPLY NOW
Click on apply now and provide some basic information
APPROVAL
A loan specialist will contact you and an approval can take only minutes
FUNDS TRANSFER
Once approved funds can be transferred that day or the next business day
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