Essentially, yes. In modern Australian lending, Alt Doc (Alternative Documentation) is the standard term for what was previously known as a "no-doc" or "low-doc" loan. For more information, explore our expert guide on low doc home loans.

Rates typically range between 6.2% and 7.5%. We help you find the best low doc home loans by comparing over 40 banks and non-bank lenders to ensure your business cash flow is properly recognised.

Yes. While many lenders cap at 80% LVR, our Sydney mortgage brokers have access to specialist products that allow for a 90% LVR for eligible self-employed borrowers.

Prosper Loan assesses applicants based on consistent income flow, credit history, and deposit strength rather than traditional payslips. Self-employed professionals, freelancers, and small business operators with at least two years of trading history often meet eligibility requirements, subject to lender criteria and serviceability checks.

Most low doc home loans arranged by Prosper Loan require a higher deposit compared to full documentation loans. Many lenders request a minimum of 20 percent, while some scenarios may need more depending on credit profile, property type, and income verification method.

Generally, lenders prefer an ABN to be active for at least 12 to 24 months. However, at Prosper Loan Experts, we have access to specialist lenders who may consider applications with a shorter ABN history (6 months+) if you have significant experience in the same industry.

Absolutely. A low doc refinance is a common strategy for business owners looking to secure a lower interest rate or access equity for business growth. If your business has grown and your financials have improved, we can help you switch from a specialist lender to a more competitive rate.

Pros: Faster approval, flexible income verification (BAS/Accountant Letter), and accessibility for self-employed Aussies.

Cons: Slightly higher interest rates and typically requires a larger deposit (20%) compared to standard 5% deposit loans.

Yes, it is possible. While traditional banks may say no, we specialize in helping Australians with a bad credit history find non-conforming lenders who look at the "big picture" of your business performance.