Low Doc Home loans
for Self Employed

 

Low Doc Home Loans

Business line of Credit  

GET A QUOTE
Low Doc Home loans for Self Employed
Commercial Finance Corp specialise in Low Doc Home loans for Self-employed Business and eligible ABN holders without the need for Tax returns or Financials as proof of your income.

In fact, we have low doc home loans as well as Commercial Mortgages up to $5M ($25M on application) not to mentioned we have our low doc Business line credit which can lend up to 85% of your property value for any worthwhile business purpose.

What are low doc Home loans?

Low doc home loans are a flexible mortgage options for Self-employed customers and ABN holders who do not have up to date tax returns or financials or cannot produce payslips or sufficient proof of income needed for a traditional mortgage loan application.

Uniquely developed for self-employed applicants, these types of loans allow you to “self-verify” your own income. In other words you tell us how much your weekly or annual earnings are and we use that as your official income for the application to demonstrate servicing.

Accordingly we may need an accountant letter or BAS statements to support you self- declaration as well as your recent bank statements but no tax returns or Notice of assessment required.

Not only can we do low doc Home loans and low doc Business Line of Credit but we also can assist with first home buyers, House and Land packages, savvy Investment property buyers, self-Managed Super Fund loan, land or rural property purchases, buyers looking at Commercial Property or even a duplex or town house Development.

Easy Process

Apply online or over the phone
quick and easy process

Fast Approvals

Eligible ABN Holders
No Financials Required
Loans to $5M

Mulitple Options

Multiple Low Doc options
Specializing in Low Doc Home Loans

Furthermore, we pride ourselves on being friendly, professional, and proud to say we have had a hand in helping many businesses grow over the past few years. Our small business customers come in all shapes and sizes, and we are here to help, guide and support them.

We specialize in Low Doc Home loans for growing SMEs and eligible ABN holders registered for GST.

Low Doc Home Loans

Business line of Credit

Low Doc Home loans for Self Employed
Business line of Credit – need money to grow your business?

Rather than pay higher rates for an unsecured business loan we can help you get access to the equity in your home with our Business Line of Credit, using the equity in your home to help grow your business.

Until now, getting cash out for your Business using your residential home has been difficult without all your tax returns and financials being up to date.

Generally speaking it became too stressful and time consuming keeping up with all the paperwork the traditional lenders required for a Business loan approval

Until now..

We have a simple and flexible low doc Home loan and Business line of credit solutions to get access to the equity in your home without all the stress and at some of the lowest rates in years.

Whether it is a consolidation loan, a new purchase or cash for business or a combination all the above we can assist with a low doc home loan to $5M or up to a maximum of 85 % of your home value.

Low Doc Home loans for Self Employed
Tax returns not done. No problem, we do not need them. We can assist with Home Loan finance for
  • Cash out to grow your Business
  • Property Renovation Loans
  • Investment property loan
  • Debt consolidation or Refinancing
  • SMSF – Self Managed Super Fund loan
  • Residential Development
  • Commercial Property loans
GET A QUOTE
In addition to that, we can provide a potential preapproval in as little as 48 hours and the good news is in can all be done over the over the phone.
We Support SMB’s – Low Doc Home Loans
Tax returns not done. No problem, we do not need them. We can assist with Home Loan finance for
  • Consolidate Credit cards and debts
  • Equity Cash out for Business
  • Low Doc Investment Home Loans
  • Loan doc Loans to 85% LVR
  • Self-Declared Income loans
  • Clean up loans for Credit Challenged
  • Loans to payout ATO Tax debt
GET A QUOTE
Low Doc Home loans for Self Employed

Low Doc Home Loans

Business line of Credit

Low Doc Home loans for Self Employed
Fast & Flexible Approvals
Commercial Finance Corporation can also offer Loa doc Home and Mortgage loans for personal as well as business use.
  • House and Land packages
  • Land Bank
  • Residual Stock
  • Overseas Investor
  • SMSF – low doc loans
  • Low Doc Construction
  • Low Doc Commercial Mortgages
GET A QUOTE
Finally, someone who understands the challenges Self Employed businesses can face when it comes to providing up to date financial information required to get a loan approved.
Important FAQ’s 

What are some of the difference types of home loans?

Basic Home Loan

Basic variable rate loans are usually the lowest price point when it comes to home loans.  However, they do not always come with all the loan features that many people expect today.  Many do not offer a 100% offset account or redraw facility, and if these features are important to you then maybe a low rate without all the features you require isn’t your best choice?

Standard Variable Rate Home Loans

Standard variable rate loans can have a higher interest rate than basic home loans but are known for their flexibility and features. The key word is “VARIABLE “that means your rate can rise or fall of current market rates change. This can be stressful if rates rise unexpectedly as your repayments may increase dramatically.

TYPICAL FEATURES

  • Ability to have a multiple “Splits “in one loan (e.g., Principal and Interest, part Interest only,)
  • No penalty for early repayment
  • Make unlimited Lump sum payments
  • 100% offset account
  • Redraw facility
  • Repay weekly, fortnightly, or monthly
  • Make additional repayments
  • Loan Terms up to 30 years

Fixed Rate Home Loans

Fixed rate loans can protect you against interest rate rises as the rate can be locked in for a period of years. Conversely once fixed the rate will not go done either if current market rates drop so it is best to consider all factors before you decide to lock in your loan for a long term. Fixed rate loans are popular with investors who require a static monthly repayment that will not change when rates rise which can help with planning and monthly budgeting.

 TYPICAL FEATURES 

  • Interest Rate can Locked prevent against a rate increases during that period
  • Ability to have a multiple “Splits “in one loan (e.g., Principal and Interest, part Interest only,)
  • Limited additional payments per year
  • 100% offset account
  • Repay weekly, fortnightly, or monthly
  • Interest Only repayments
  • Pay interest in advance
  • Fixed rate Loan terms 1- 5 yrs., 7 or 10 years

Construction Loan

A Construction Loan is a short-term loan (usually 1 year or construction period) and is the instrument used to draw down and pay a builder during the building period of a new Home or knock down rebuild. The draw down or progress payments are matched to a payment schedule provided by the Builder and agreed to by the Lender. As construction of each stage is completed payment is forwarded to the Builder

Equity Loans or Lines of Credit

Home Equity loans allow borrowers to unlock the equity in their properties up to a certain LVR % (Loan Value ratio) normally a max of 90% on full doc and as high as 85% on low doc loans. These loans can be Interest only or Principal and Interest . An equity loan could be used for such things a renovations or additional property investment or any worthwhile purpose. The purpose of these loan needs to be declared  Cash Out  however in most cases quotes or invoices aren’t required. Each Lender will have their own upper limit and if the purpose is major structural renovations, then quotes and plans may also be requested as part of the submission.

Low-Doc Loans

Low-doc loans are a way for Self-employed applicants to borrow who do not have up to date financials statements or tax returns. Additional proof of income will be may also be required such as BAS statements, current bank statements, Accountants letter or a combination of all the above. No doc loans are not usually available for PAYG applicants.  Whilst rates are competitive in this space, they tend to be more expensive than full doc loans and may attract a larger Lender application fee.

Credit Challenged loans

Credit Challenged loans allow someone who has had a previous or current credit issue the chance to start fresh and re-establish a good repayment history once more. These loans can we used as a “clean up loan” to consolidate debts or to re-establishing a clean line of repayment history over say the next 12 months. These loans assist borrowers who may have suffered a credit defaults, current or previous arrears and may now be credit impaired.

Considerable care must be given to understand exactly why the borrow has these issues and if it was in-fact a “Life events “or a “one off “or is there a deeper issue that needs to be addressed.

One off or life events could include current or previous arrears, defaults, insolvency etc  caused by illness, separation or divorce similar issue. This usually must be a one off not just a poor repayment history

Bridging Loan

A Bridging Loan allows you to “bridge” the gap between the sale of one property and the purchase of another. This type of loan is used when you looking to upgrade from one property to another and you have not settled on the property you are selling.

Cash Flow Loan?

Money on the Bank in 3 Days!

GET A QUOTE
Low Doc Home loans for Self Employed

Cash Flow Loan?

Money in the Bank in 3 Days!

GET A QUOTE

Car Loans
Tradie & Work vehicles
EV and Hybrids
Recreational vehicles
Bus & Coach
Truck & Trailer
Plant & Equipment
Health & Beauty
Commercial fit-out
Hospitality equipment
I.T. & Digital equipment
Business Loans
Invoice finance
Trade finance
Home Loans

GET A QUOTE

Contact

Steve Williams
Ph: 0418 221 487
Ph: 1300 969 059
info@cfcorp.com.au

 

Legal

Credit Guide & Privacy Policy 

 

Copyright 2018 Commercial Finance Corporation Pty Ltd . All rights reserved.
Commercial Finance Corporation Pty Ltd
ABN 21 059 622 356

 

Any Rates or terms displayed on this website are subject to standard Credit criteria and conditions.
All rates are indicative only and subject to change at any time. Fee and charges will apply.

ACL 394741 , AFCA 45092