There’s a plethora of low doc lenders in Australia. And with more Aussies turning to low doc loans in 2025, the market is saturated to say the list. At the same time, it’s confusing as ever.
And whether you are self-employed, juggling multiple jobs, or are just short on traditional paperwork, knowing where to start in the low doc maze can feel like searching for a needle in the haystack.
That’s where we come in. And in this guide, we will provide you with a list of low doc lenders that you can opt for in 2025. But first, let us see what low doc loans actually are.
Lender policies mentioned below may have changed with policy updates by a few lenders. For updated lender policies, please contact our mortgage brokers.
What is a Low Doc Loan?
To keep it simple, a low doc loan is a loan option for people without a stack of financial documents that banks want.
So, instead of handing over years of tax returns or payslips, you can prove your income with documents such as income declaration, ABN, or business activity records. Therefore, low doc loans are a lifeline for self-employed, freelancers, or anyone with an income that doesn’t fit the standard mould.
Low Doc loans give people a shot at borrowing when traditional rules shut them out. But, there’s a trade-off. Since lenders are taking on more risk, interest rates tend to be higher, and loan-to-value ratios (LVRs) are often tighter and are usually capped between 60–80%.
How Does Low Doc Loans Work?
Low doc loans are flexible but knowing how they actually work is necessary. Instead of traditional paperwork, you can get a low doc loan with the following conditions:
- ABN, GST registration, or BAS (without tax returns).
- You’ll likely need more deposit or equity to qualify.
- Expect to pay a higher interest rate than you would with a full doc loan.
Still, there’s breathing room. You can usually choose between fixed or variable rates, and repayments can be shaped around your cash flow. For many, that’s a game-changer.
Low Doc Lenders For You in 2025
RedZed Lending Solutions
RedZed’s specialty is self-employed borrowers. They are super flexible with ABN age, credit history, and income verification, which makes them a strong fit for those outside the banks’ boxes.
But do expect higher rates and fees from them. In return, you get tailored loan options, strong customer service, and access to niche products you can benefit from, especially if you have irregular income or credit issues.
Liberty Financial
Liberty is revered as a pioneer in Australia’s non-conforming loan space and it remains a go-to lender for flexibility. Their low doc products are ideal for borrowers who don’t meet the mainstream bank criteria.
And while they are more expensive than most other banks, they make up for it by focusing on providing the best services for startups, sole traders, and businesses with unusual incomes.
LaTrobe Home Loans
La Trobe’s Lite Doc loan is a popular option among seasoned investors and brokers. It’s suitable for both clean-credit and credit-impaired borrowers and can even cover small development loans.
But do watch out for high exit fees, especially on NCCP-unregulated loans.
Pepper Home Loans
Pepper specialises in helping borrowers banks won’t touch. They’ll consider applicants with defaults, judgments, or patchy credit using what they call a “rate-for-risk” model. That means the higher the risk, the higher the interest rate.
They’re ideal when you need a lender who sees beyond your credit file.
How to Find the Right Low Doc Lender?
When applying for a low doc loan, don’t just chase the lowest rate. Many lenders require a 20% deposit and two years of ABN history but not all do.
That’s why you should connect with experienced mortgage brokers. They know which lenders are flexible and can help you avoid costly declines.
Look beyond Interest Rates
Low doc loans come with LMI or risk fees if you are borrowing over 60% LVR. Therefore, it’s a good idea to compare total costs and not just rates.
Think short-term
Never treat low doc loans as a permanent option. Low docs are best used as a stepping stone. So, once your tax returns are updated, you should refinance into a full doc loan.
That makes upfront fees and flexibility more important than a slightly lower rate.
Broker access matter
Some lenders may not be on your broker’s panel. So, it is important you work with the right broker. Our group of brokers at Home Loan Experts have partnerships with a wide range of lenders and we can match you with the right one.
Here’s a list of lenders we work with.
Talk To A Mortgage Broker Today
Each low doc lender has its own strengths and weaknesses. To find out which lender has the right low doc loan for your circumstances, contact one of our expert mortgage brokers.
Enquire online or call us on 1300 889 743 and find out how to get your home loan approved.