Sometimes there are cases where you are unable to provide any given lender with the necessary documentation that is required to take out a standard loan.

Necessary documentation can include:

  • Personal identification (i.e. drivers licence, birth certificate, etc.)
  • Proof of income (i.e. pay slips etc.)
  • Savings history
  • Credit history

People that usually fall into this category are the self-employed and small business owners. They don’t have the security of a stable pay and the documentation that goes with in. As a result, they tend to be rejected when applying for a traditional loan.

If this is you, there is no need to fear because there is another option – low doc loans!  A trusted low doc mortgage business should be able to help you in applying for this type of loan. As well as provide you with any other details about low doc loans that you may need.

There are many benefits of a low doc loan, especially for the self-employed and small business owners. Take a look below at the 3 top benefits of a low doc loan:


Low doc loans are certainly flexible. They do not require the same level of paperwork and supporting documentation as other types of loans. This type of loan allows for borrowers to choose an option that makes the most sense for their individual situation.

Most low doc loans are not heavily impacted by poor credit or any sort of financial history. So even if you have a poor credit history, you (may) have the flexibility of a low doc loan. As well as this, no matter what you want the loan for, low doc loans will be able to support.


Leading on from flexibility is options! Unlike other types of loans, a low doc loan isn’t one size fits all. There are a lot of different options for borrowers when it comes to low doc loans. There are low doc loans that specialise towards investors looking to buy an investment property and low doc loans that are for small business owners who are looking to expand their business.

No matter your individual circumstance, a low doc loan is suitable to help you get the finance you need. There are so many more options when it comes to low doc loans that you are sure to be able to tailor a loan specifically for your needs.

Less Paperwork

When applying for a low doc loan there is considerably less paperwork. This makes the application process as a whole much simpler. Even though there is less paperwork, you still need to provide a lender with evidence of income. This could be a bank statement, a letter from your accountant or a business activity statement (BAS). All in all though, when applying for a low doc loan you will find there is typically less paperwork to deal with.

We are your go to low doc mortgage business! Oyster Financial can assist you in all things low doc loans. If you have any questions or need assistance, please do not hesitate to get in contact with us.

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