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 Purchasing or Refinancing Vacant Land
If you are a self-employed individual in Australia who is looking to purchase vacant land, you may be able to apply for a low doc home loan. However, it’s important to note that not all lenders offer low doc home loans for vacant land purchases, and eligibility criteria may vary between lenders.

When applying for a low doc home loan for vacant land, you may need to provide additional documentation to support your application, such as proof of savings, a statement of assets and liabilities, and a plan or proposal for the intended use of the land.

Additionally, it’s important to carefully consider your ability to repay the loan before applying. Vacant land purchases can be riskier than purchasing an existing property, as there is no existing income stream from the property to help support the loan repayments. Make sure you have a solid plan for the use of the land and a clear strategy for generating income to support the loan repayments.

  • Low Doc Residential loans available to Self Employed Borrowers
  • Borrow up to 80% of the properties value depending on location and Lender
  • Standard Residential Property (must be zoned residential)
  • Terms up to 30 years with up to 5 years interest only
  • Owner occupied and Investment
  • Individuals, companies and trusts
  • Large range of lenders to find a suitable low doc loan solution for your new purchase.

The main documents that we will accept that can be used to verify your income are:

  • An Accountants Letter verifying your income.
  • 6 months of Lodged BAS Statements from ATO Portal
  • 6 months of Business bank statements

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 Residential Zoned Vacant Land (up to 1 acre)
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 80% in high population Cat 1 and 2 areas (capital Cities and Major Regional Towns)
Credit history Past credit impairment can be considered at higher rates and fees
Minimum loan size $100,000
Maximum loan sizes  Up to $1.5 million to 75% LVR and $650,000 to 80% LVR
Acceptable Applicants Individuals, Companies and Trusts
Discharged Bankrupts or Part 9 or 10 Yes at higher rate from 1 Day discharged
Cash Out Unlimted Cash out to maximum LVR for all acceptable purposes including usiness purposes including payout ATO debts, workingcapital and purchasing business equipment.
Current Mortgage Arrears in last 6 months Can be considered on a case by case
Debt Consolidation Unlimited to Maximum 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.