LOW DOC COMMERCIAL LOANS
View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal.
Low Doc Loans for Commercial Zoned Property.
|If you are self employed and you do not have up to date company or personal tax returns then a low doc commercial loan may be the right solution for your lending needs.
The main documents that we will accept that can be used to verify your income are:
You must have an ABN that has been registered (and possibly GST registered if income is over $75,000) Most Lenders require ABN to be registered for 2 years. We have lenders that will accept an ABN registered for only 6 months.
|Loan purpose||Commercial Zoned Properties|
|Loan term||1 > 30 years.|
|Interest type||Variable rate.|
|Repayment type||Principal & interest, or interest-only up to 5 years then principal & interest.|
|Repayment options||Monthly, fortnightly or weekly.|
|Repayment method||Direct debit only.|
|Maximum Loan to||75% in high population areas (capital Cities and Major Regional Towns with populations over 10,000 people|
|Credit history||Past credit impairment can be considered at higher rates and fees|
|Minimum loan size||$150,000|
|Maximum loan sizes||$3,000,000|
|Acceptable Applicants||Individuals, Companies and Trusts|
|Annual Reviews||No Annual Reviews|
|Cash Out||Unlimted Cash out to maximum 75% LVR for all acceptable purposes including business purposes including payout ATO debts, workingcapital and purchasing business equipment.|
|Debt Consolidation||Unlimited to Maximum 75% LVR|
*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.