08 8351 5444 | 1300 668 710 (free call) g.renshaw@advantagefinancesa.com.au

Over 2 million people are self employed in Australia. Here at Advantage Finance, we believe that if you're a part of this massive segment of the population then you have the right to a fair go when applying for a home loan.

Unfortunately because of the nature of self employment, you might not have the payslips, employment contracts and regular income that most lenders like to see. So what are your options?

If  you're running a small business, you can still apply for a home loan. If you're running a small business, you can still apply for a home loan.

Low documentation loans

Making a living off your own ingenuity and hard work is a commendable achievement – that's why we've been offering low documentation (low doc) loans for almost a decade now. With a low doc loan you generally won't have to supply the usual documentation, such as tax returns, financial statements and employee references. 

It's a low hassle option for business people who are perfectly reliable but may struggle to be approved on a normal home loan, by a normal lender. We're anything but a normal lender – we know that every person is different so we strive to offer a wide variety of finance solutions to fit every budget. 

What are the criteria?

Small businesses and the self employed are the cornerstone of the Australian economy.

Low doc doesn't mean no doc! You still may have to supply a letter from your accountant, a bank statement showing your business income and expenses, or a business activity statement as evidence that you'll be able to repay your loan over time.

If your application is accepted you may pay slightly higher interest on your loan. However, you could be able to borrow up to 85 per cent of your property's value. 

Get the Advantage with your finance

Small businesses and the self employed are the cornerstone of the Australian economy. In fact, 33.7 per cent of value added in Australian private industry comes from business with one to 20 employees.

The people in charge are the innovators, the movers and the shakers of our nations economy. Low doc loans allow these business owners and self employed people the chance for a fair go at securing a home loan.

If you're self employed or running a small business don't despair when applying for a home loan. Get in touch with the expert team here at Advantage Finance and let us tailor a solution to you, and your unique financial situation. 

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