Where to Find the Best Low Doc Loans in Australia

Low Doc Loans were big in the 80’s in Australia. Banks could charge a few percent more on the interest rate, bypass some of the checks and measures, and hand out buckets of cash to whoever wanted it. They loved it because they made more money from it!

Things have changed.

What Is A Low Doc Loan?

Low Doc Loans  are loans where the customer does not have to show financial statements or pay slips. They only sign a statutory declaration saying they earn an amount of money. The Banks accept this without checking it.

Who Is A Low Doc Loan Perfect For?

Business owners are busy running their business. Doing their tax return is often the last thing on their mind. A business owner has many stresses. Generating an income and completing jobs is usually their focus.

The Banks do not understand business owners very well. All they care about is what net profit is showing on their tax returns. Low Doc Loans are perfect for customers who have not done their tax return yet. Nevertheless, there is another reason Low Doc Loans are prevalent. Most of us claim as many expenses as possible to reduce the amount of tax we have to pay.

The Banks use this net profit figure to determine your affordability for a new loan. Therefore, on paper, you might not look like you can afford a loan. A Low Doc Loan might be your only option. It is certainly your quickest and easiest option, and there are some outstanding Low Doc Loans available.

Do Banks Still Give Low Doc Loans ?

Yes, but they do not like offering them directly to the customer. Instead, they like to go through the finance broker channel. Brokers like LoanBay have direct access the right departments to secure their customer’s great low doc loan deals with no fuss. Even better, the low doc loan process is usually much quicker and easier because the Banks do not have to assess your income. You simply declare what you earn, and they do not check.

Are The Low Doc Loans Deals Any Good?

Gone are the days of excessive pricing for Low Doc Loans. By using a finance broker who deals in Low Doc Loans every day, you can find great deals that compare well to regular loans. Processing of Low Doc Loans is effortless. You only need to declare your income and sign the Statutory Declaration, and no income checks are done.

What Can I Get  Low Doc loans For?

You can get a Low Doc Loan for almost anything. A new work, vehicle, a house, plant, and equipment. Speak to one of the Low Doc Loan Lending Specialists at LoanBay on 1300 11 70 30 to see if you can get a great Low Doc Loan for your purpose.

How Long Does It Take?

Your Low Doc Loan can be auto-approved the same day in most cases. If the Banks want to assess the application for some reason manually, expect an answer the next day. When you speak to your LoanBay Low Doc Loan Lending Specialist, they will be able to give you an exact timeframe and guide you to the best offers.

How To Apply For  Low Doc Loans

The best way to apply for a Low Doc Loan is to call a LoanBay Low Doc Loan Lending Specialist. You will spend 5 to 10 minutes on the phone giving them basic information including your name, address, phone number and details of your work.

Simply let your Lending Specialist know how much income you want to declare, and they will process your Low Doc Loan application straight away. Low Doc Loans are simple for Banks to process because they do not have to assess your income. You will get an answer super fast, possibly on the spot.

When Will I Receive The Funds?

Once your Low Doc Loan has been approved, you will get the funds quickly, usually the next day. Your LoanBay Low Doc Loan Lending Specialist will give you an accurate period in your initial chat.


Low Doc Loans are a great option because they are quicker and easier to secure and we can show you who has the best Low Doc Loan deals on the market at any given time. Save time, effort and money.

Call Now 1300 11 70 30

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Welcome to LoanBay!

If you have found yourself on our site there is a good chance you are looking for a loan.

Try us.

What Types of Loans Do We Offer?

With 22 different lenders we can find you the best loan for most purposes. Although we can find you great deals on Home Loans, Car Loans and Personal Loans, we also have some excellent options for other loan type as well. These include Low Doc Loans, ABN Holder Loans, Horse Float Loans, Motorcycle Loans and Camper Trailer Loans

Call us to see what great loan deal we can get you. There is absolutely no obligation to proceed with us and we will explain the process to you clearly.

Our job is to find you the best loan, fast! It’s a free service to you.

Application Criteria

To apply for a loan you will need to be 18 years or older and have a reliable, stable income. Some lenders will require you to be in your job for more than 6 months, but we have lenders who are much more lenient.

Our lending specialists have many years experience in how to best pitch your application to the Banks. This gives you a better chance of it being approved, and getting the best deal.

Whether it is a Low Doc Loan, ABN Holder Loan, Horse Float Loan, Camper Trailer Loan or any other type of loan, give us a call on 1300 11 70 30.

What Makes A Great Loan?

We think a great loan has a low interest rate, low application fee, and suitable repayment terms. It’s always important to choose a suitable loan term to match your needs and to make sure there’s no, or minimal exit fee. We love loans that allow you to repay as much as you want with no penalty.

We love the range of Low Doc Loans and ABN Holder Loans that don’t require any financial statements or evidence of income. They are quick and easy to apply for and secure. Low Doc Loans and ABN Holder Loans are perfect for small business owners in trades including plumbers, electricians and carpenters.

Call us so we can talk through what you are looking for. We can guide you in the right direction.

What Makes A Great Loan Application Process?

We LOVE easy! The less you have to provide us the better.

Each Bank has their own credit assessment process and we think some are really over the top. We also know which lenders are better for different loan purposes and which lender you are more likely to be approved through.

Depending on your circumstance, you might be asked to provide a couple of recent pay slips and some ID. If you are self employed you can take advantage of a great Low Doc Loan or ABN Holder Loan. You would simply self declare your income - no financial statements needed.

What Drives Us?

LoanBay was established by a group of ex-Bankers who are a little bit different than your average Banker. We love finding customers the best loan deals in the market. We know too well how the big Banks make multi-billion dollar profits, yet deliver average customer service.

We promise to be straight up with you. We will be honest, attentive and responsive to you and your loan application. We only promise what we deliver, but we always deliver what we promise. We promise you will love our down to earth, friendly service.

Our Philosophy

We believe money doesn’t buy happiness. It’s what you buy with it that’s important.

You might be wanting a new work ute with all the tax deductions that come with it. If you are an ABN Holder, an ABN Holder Loan would be the best way to finance it.

You might be wanting a Low Doc Loan because you haven’t done your tax yet. We have access to Low Doc Loans with great terms and super fast turn around times.

You might be looking for a Camper Trailer Loan to set off into the sunset on a family holiday. We have access to the best Camper Trailer Loans on the market.

You might be looking for a Horse Float Loan to travel in style but you know very well the big Banks don’t have separate Horse Float Loans. We have lenders who specialise in Horse Float Loans.

Whatever your loan purpose, what’s important to us is that we treat you fairly, we’re honest and upfront, and we do what we say we’re going to do in a timely manner. We believe great customer service isn’t some complex algorithm the Banks have created. It’s simple, down to earth respect and transparency.

Our lending specialists will find you the best loan fast, and give you the best customer service in the industry.

Call us on 1300 11 70 30.

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We have access to 22 lenders, all fighting for your business. We will help you find the best loan fast

Apply for a loan in under 5 minutes:

  • You need to be 18 years and over
  • You need to be an Australian citizen or permanent resident (overseas work visa OK)
  • You need to be gainfully employed and or have the means to service the minimum loan repayments
  • You need an acceptable credit history

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