Overcome Financial Hurdles: Can You Still Apply? 

Are you eyeing a commercial loan but lack the typical financial documents? Low doc commercial loans cater to self-employed individuals and investors who struggle with conventional paperwork, offering competitive interest rates without the usual hassle. 

Dive into Borrowing Details: How Much and What Can You Expect? 

For Commercial Property Buyers: 

• Secure up to 80% of the purchase price. 
• Enjoy reduced interest rates, obtaining up to 65% of the purchase price. 
• Leverage up to 80% of the value of other owned properties, including residential ones. 

For Commercial Property Refinancing: 

• Borrow up to 80% of the property value. 
• Secure up to 100% of the value of residential properties for business purposes. 

Navigate Documentation: What Do You Need to Provide? 

Most low doc loans suit business owners acquiring their premises. When the opportunity arises, you may lack the necessary documents. These loans cater specifically to self-employed borrowers without complete financials, requiring a registered ABN and an income declaration. Additional documents may include an accountant’s letter, BAS statements, bank statements, and the commercial lease agreement. 

Unveiling Loan Types: Full Doc, Low Doc, Lease Doc, or No Doc? 

Choose the loan type based on your income proof capabilities: 

• Full Doc Loan: If you can fully prove your income. 
• Low Doc Loan: Ideal for self-employed individuals lacking complete financials. 
• Lease Doc Loan: Suited for investors using lease income as proof. 
• No Doc Loan: A last resort when no income evidence is available. 

Unlock Opportunities: Can You Refinance with a Low Doc Loan? 

While lenders prefer financing property purchases, select lenders permit commercial property refinancing through low doc loans. Favorable outcomes are linked to applicants releasing equity for business or property investments rather than covering cash flow shortages. 

Property Acceptance Criteria: Which Commercial Properties Are Welcomed? 

Non-specialized properties like shop fronts, warehouses, offices, and residential properties are generally accepted. Specialized properties undergo case-by-case consideration. 

Extend Your Loan Term: Are Long Terms Available? 

Low doc loans can offer terms ranging from 15 to 25 years, depending on the lender. Larger loans with specialized security properties may require annual reviews, while smaller loans with regular properties often have set-and-forget facilities. 

Deciphering Interest Rates: What Influences Your Rate? 

Your interest rate hinges on your deposit size, overall risk, and the documents provided for income evidence. For lower-risk loans, some banks offer low doc rates in addition to their standard commercial loan rates.