Lo Doc loans provides an option for self employed. Loans are available for a wide range of purposes and do not require proof of income. By completing an income declaration the borrower can access a fully featured property loan.
Some lenders need active ABN for 1-2years and GST registered for 1-2 years. No defaults, clean credit rating, some lenders will also require 12 months BAS statements if borrowings are over 60% of the valuation, plus 6 months trading account statements. Some lenders will allow self employed plus PAYG some will not and some will also require an accountant declaration.
View the example sheet (pdf, 1.56MB).