Low doc lenders
They are lots of low doc loans being written across many different low doc lenders.
ANZ, CBA, NAB and Westpac
The top four major Australian banks all write low doc loans in some form or rather. Generally their low doc loans are clean credit low doc loans and they will not consider any form of credit default. It is common for them to require ABN and GST registration for two years. The interest rates are competitive, however you will find they normally require BAS statements. The credit policies are fairly rigid. Above 60% the loans are mortgage insured up to 80%
It is common for us to receive calls from customers that have been to their own bank and the bank has indicated they can only do a low doc loan with 12 months BAS statements.
Adelaide Bank Bankwest
Non Bank Lenders