Get the low down on low-doc loans

You may know them as ‘self-declared income loans’ or ‘commercial express loans’, but a low-doc loan is similar to a typical loan, just without all the tedious proof of income paperwork that comes with it.

Any business owner or self-employed person who is a homeowner, and has had their ABN running more than 12 months, can request a loan of up to $150k with Rostron Finance without supplying the financial paperwork.

There is no catch. Providing that the asset is for business use and you have clean credit file (e.g. no defaults or a bad credit history), you still get access to all our same great rates, loans and quick approvals, you just don’t have to spend time organising all the financial documentation! Obviously you still have to be able to afford the loan based on the income you are earning but you don’t have to jump through all the hoops with supplying endless documentation.

Some business owners or self-employed people may not own their home or have not invested in a property of any type. Rostron finance can still offer you a low-doc loan if you aren’t a homeowner, as long as your ABN has been running for 12 months you can pay a minimum deposit of 20% (of course, still without supplying all the financial documents that come with a traditional loan).

So whether you are searching for a new work vehicle or your business requires the latest equipment and machinery, finding the right loan has never been simpler, even if you are time poor!