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The Rise Of Non-Bank Lenders

There was once a time where if you needed a loan, you only visited a bank.  Fortunately, times have changed.

Yes, you can still go to a bank but there are now alternative; more convenient options. Non-Bank Lenders offer legitimate and competitive loans that are fast and flexible. Battling against traditional banks, Non-Bank lenders have created a competitive environment for lending in Australia.

What is a non-bank lender?

Non-bank lenders are a lender or financial institution who do not hold an Australian Banking License. Strictly speaking, they are not a bank, building society or a credit union. Non-bank lenders typically source their funds from wholesale funds either in Australia or overseas markets. They lend out these funds, with a margin. Depending on the size of the lender, they may offer mortgage, personal loans, commercial or business loans.

One of the key difference between traditional banks and non-bank lenders is that Non-bank lenders are not authorised to accept deposits from customers. Banks, building societies and credit unions are considered as authorised deposit institutions (ADI’s). They are regulated by APRA (Australia’s Prudential Regulatory Authority) and ASIC (Australian Securities Investments Commission). Non-bank lenders cannot accept deposits from consumers. They are regulated by ASIC.

The history of non-bank lenders

The history of non bank lenders

Australia has a sophisticated, highly regulated and competitive financial system. There was once a time where if you wanted a loan, your only option was to visit your big bank. The process was long and draining.  If you’re your income was low, you were more than likely denied for a home loan.

After the first half of the 1980s, deregulation began to slowly make its way into the market.  In the 1990s, a number of non- bank lender such as Australian Lending Centre began to enter the market. These alternative forms of lending offered Australians with lower interest rates than the big banks.

Following the Global Financial Crisis, Non-Bank Lenders were forced to source alternative forms of funding. As the markets became dry, non-bank lenders even turned to the big banks for funding.

The past few years have seen a proliferation in Non-bank lenders. In 2018, Non-bank lenders reached an all-time high of 11 percent of the market. As banks move towards more responsible lending, they are tightening their lending practices. So if you are sick of getting rejected for a loan, there are alternative options out there. Consumers are becoming more wary of this and have been exploring non-bank lending options.

The Advantages and Disadvantages of using non-bank lenders

Advantages and disadvantages of non- bank lenders

Is it safe to use a non-bank lender?

Absolutely. Non-bank lenders are safe to use. It is important to do your research beforehand. Alternative lending has evolved over the past decade. Make sure to find a lender that is not connected with bank failures. Find a reputable and well-established lender that offers a personalised loan for your financial situation.

What happens if a small lender collapses?

  • If the lender is a small agency, they may be acquired by a larger well-established lending agency
  • A larger financial institution may buy out the smaller lender
  • The government may step in and provide financial assistance. This will come through the Guarantee scheme for large deposits and wholesale funding.

Choosing the right lender

Alternative lenders such as Australian Lending Centre have helped thousands of Australians, find the ideal loan. We have a committed team of experts that specialise in providing you with the right loan. Our goal is to help you stay on track.

To learn more about the Australian Lending Centre, click here.

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Questions for People Applying For Business Loans

Are you applying for a loan so you can start your own business? Here are five questions about business loans to help you make the right decision.

Am I a manager or an entrepreneur?

Entrepreneurs and business managers face almost the same stress when it comes to operating a business. But the two are on opposite sides of the spectrum. They’re different. What is the difference? A manager operates an already-established business. They may not be the people who started it and founded it, but they are the ones who own it at the moment. A manager also has to make sure that the challenges the business faces are handled properly. He also has to hire and retain hard-working employees, know the niche their business in focusing on, and be able to improve whatever needs improvement.

Entrepreneurs Are The Innovators

An entrepreneur, on the other hand, is the one who creates the business. He looks for opportunities that are what the market needs, and converts them into a business plan. A real entrepreneur has the eye to identify opportunities needed in the market and also has the ability to turn those opportunities into businesses.

Managers Are Effective With Day To Day Operations

If you think you can be an effective manager but you don’t have the enthusiasm to start everything from scrap, you might consider franchising. It doesn’t involve the stress of putting up a new business altogether and you have tried and tested marketing methods and business plan to help you get started. But, if you think you have the heart of an entrepreneur, go for it! Get the business loan you need to kick start your business and you will surely beat the odds and succeed in your business.

What is my business model?

This is one of the questions about business loans with high importance. Are you putting up a home-based business, an online business or a traditional brick and mortar business that requires a good location?

Create a Business Budget

Create a business budget before you fill-up the application loan. It is important to include the annual budget for the upcoming year, based on the current year’s expenses. When making a budget, don’t forget to review you’re the actual expenses versus the budgeted amounts for the past two years of operation to get a good idea of your average income and expenses.

No Guarantees on Sales Forecasts

While it is important to make a sales forecast, bear in mind that you cannot guarantee the exact sales volume. So, when coming up with a budget consider your past expenses and profits as well as your realistic sales forecast.

Business Expenses

Create a ledger are of your business expenses based on your business model. For example, list fixed expenses such as:

  • administrative expenses
  • marketing expenses
  • payroll
  • rent or mortgage
  • utilities

These amounts are fairly consistent each month regardless of your sales volume. Don’t forget to include the list of variable expenses —or those that fluctuate each month. These include raw materials, inventory and manpower.

Is Self-Employment good for me?

Self-employment is starting your own business- with your own finances, own plan, own budgeting, own everything. Now it also has its own pros and cons like everything else. Being able to own a business may sound quite great at first. But sometimes, it gets tiring when you’re the only one working. Independence is a good thing. You wouldn’t have to rely on anyone else, which minimises the possibility of small quarrels between co-owners.

Are You After Fame or Freedom?

If ever your business becomes known, you’ll be known as the person who single-handedly founded your company. This is actually a great advantage. Imagine, being the only one who founded a huge business? That’s a big deal. To other people, owning a business means being able to control whatever happens in their lives. That’s what we all want right? Freedom to do what we want, say what we want to say.

Being Independent

The search for independence has struck many – this is the reason why the majority now wants to start their own business, for them to have more control over their lives. However, drawbacks exist- such as payoffs.

Loans Give Your Freedom To Chase Goals

When you have access to business loans, regardless of your credit score, you will have the freedom to set your goals.  It is also a good motivator to track spending—knowing that when you do, you’ll be an inch closer to the accomplishment of your goals. Finally, it is a good source of emergency funds. You can cover up to 3 months of working expenses in case you hit an unexpected situation.

Finances are the biggest sources of conflict

Financial issues are one of the commons sources of business conflicts-either with business partners, with suppliers or clients. That’s why it is important to have easy access to business loans to ensure that your business will go on as usual despite financial crises. But, you have to be careful with whom you borrow money from—a good lender would want its clients to move ahead in life. They will not charge hefty interests and unreasonable fees for a small amount, Look for a reputable lender that allows you to grow your business while you can comfortably repay your loan.

It’s common to have questions about business loans. After all, it’s a big decision which does come with risk. However, business loans can also bring great reward. Australian Lending Centre can provide the financial assistance that you need to push your business forwards.

Low Doc Loans Home Loans

Fixed Low Doc Home Loan: Ins and Outs

If you’re in the least familiar with the financial terminology, you know that low doc loans refer to those loans that can be acquired with minimal paperwork. Because of this, they are mainly for self-employed people or entrepreneurs with small-sized businesses.

Of course, low doc loans can refer to any type of loan, from a mortgage and a car loan to a business loan. Now, there seems to be a misconception going around saying that all low doc loans are utterly devoid of dangers.

We’ve said it as many times: no loan, regardless of its purpose, is 100% safe. In the following, we will outline both the advantages and the disadvantages of getting a low doc loan for your home.

The Upsides of A Low Doc Home Loan

These loans are fantastic for freelancers/self-employed people

The requirements of the banks are harsh, and they really don’t care that you can, one way or another, repay the loan.

You have to provide proof of your income, tax returns and other documentation that is difficult to muster when you’re your own boss. In this respect, low doc loans are the best alternative.

The interest rates are fixed

You won’t need to worry that all of a sudden, the interest rate grew to alarming quotes. They will always stay the same. That’s why these loans are called “fixed.” You will have full control on the repayments, and the rates won’t fluctuate.

This can happen to loans taken out from a bank, but not with low doc ones.

The credit score isn’t a problem

Go to a bank with a low credit score, and you’ll be looked at like you are some kind of tedious criminal. Your chances of actually getting the loan you need fall under 50% or even less. The lenders that provide low doc loans are not as concerned with your rating as banks are.

This is mainly because they can understand the reasons why your credit score is chipped, as long as it’s not a consequence of not being good with handling finances.

Now, since we’ve seen the perks, we have to take a look at the cons. Eventually you’ll be able to decide whether low doc loans are a good choice for you or not.

The Downsides of A Low Doc Home Loan

Higher interest rates

This isn’t universally applicable, that’s why we recommend you compare many loans before you choose one. Usually, low doc loans come with interest rates that are higher than those you’d pay on a bank loan.

But then again, you cannot get that bank loan, so this isn’t something you can change. In some cases, you might be required to pay the LMI (Lender’s Mortgage Insurance), which is an additional cost you wouldn’t have paid for a loan taken from a bank.

They may not be as flexible as you may think

When you go to a bank, the representatives will show you tons of loans with adjacent features. A private lender, on the other hand, does not have as large a catalogue of options, so banks definitely win at flexibility.

If the mortgage rate goes down, you’ll be paying more

This means that the period you planned on repaying the loan will be lengthened. This isn’t really much of a tragedy, but it can be annoying when all you want is just to get rid of debt sooner than later.

The Importance of Comparison with a Low Doc Home Loan

No two low doc loans are the same. Before you make a decision, compare the lenders and check out these aspects: interest rates, the documents required from you, the flexibility of the loans and the terms.

The one that has the best features should be the one you choose to go with. Unfortunately, many people today undermine the importance of this comparison. To be fair, it’s their fault. It certainly doesn’t take that long to make sure your decision won’t be something you’ll regret in the future.


Purchasing a house is no small thing. Purchasing it with borrowed money even less so. If you’re not in the position to get a loan from the bank, your only solution is to get a low doc one.

Now that you know both the perks and the pitfalls of this type of loan, you can make an informed decision. For additional information, feel free to contact us on 1300 138 188 for a free consultation.

Ask for a low doc home loan, and you’ll be getting instructions from professionals that have helped many other people that were, at some point, in the same predicament as you are now.

And make sure, for your own sake, that you’ll be comparing at least five loans before sticking to any of them. You sure don’t want to get some terms and interest rates that are anything but okay.

Low Doc Loans

Low Doc Loans Q&A

In recent years, more and more Australians have relied on low documentation loans to get some needed money more. However, many are actually unaware of what a low Documentation loan actually is. Loans with low documentation are an actual tool that everyone can use at their disposal when they cannot get their loans the traditional way. As the name suggests, they require minimal documentation, but how could this benefit you? Read this low doc loans q&a and find out answers to the most recurrent questions about low doc loans.

Most Common Questions about Low Doc Loans

1. What is a Low Doc Loan?

Low-documentation loans are financial services aimed towards those who find it hard to muster all the documents required in the case of traditional loans. Low doc loans can save them from all the hassle and the stress they’d go through in trying to talk with the representatives of a bank. These can also come in handy for those individuals whose credit scores are poor since private lenders will not put as much stress on that as banks and other institutions.

2. Will my income affect the final decision? 

Definitely. No matter what type of loan you consider taking, your income will be a crucial aspect that creditors will take into consideration. Whilst banks may only look at your income, we also take a look at your alternative sources of income.


Why? Because sometimes, even though one has enough money to repay the loan, their form is rejected because he/she added his/her alternative income there. Alternative income can originate in a multitude of sources. Freelancing, for instance, to mention just one.

Low doc loans are fantastic in this respect. You will be able to get your loan because your creditor will see that you earn additional money outside of your salary.

3. How are the interest rates on these loans?

Unfortunately, the stories that these loans have higher interest rates than traditional loans are true. You are still seen as a high-risk borrower. Therefore, creditors will use higher interest rates as security. Moreover, you should expect to pay some additional fees you wouldn’t usually pay at a bank, for example.

But in the end, all of these are worth it if you’re going to get the money you were looking for. Just make sure you won’t have to return twice the sum you’ve borrowed. Many people have been ruined financially because they didn’t pay enough attention to what they were actually getting themselves into.

4. Who are these loans intended for?

People from all walks of life can apply for low doc loans. Usually, it’s real estate investors, self-employed individuals and other business owners. As a rule of thumb, all those who find it difficult to provide the tons of documents that banks request can easily get their hands on money through low doc loans.


5. Can I refinance a low doc loan?

Yes, you can. You can shift your low-doc loan to a standard one whenever you please. But you should be aware of the fact that it’s not cost-free. In fact, the costs of shifting to a standard loan might be too high to be viable.

If you can find some other loan from a creditor that won’t rob you blind, then you can definitely consider refinancing, especially when you’d get better interest rates and a better term. It all depends on your needs.

Refinancing doesn’t make sense when you don’t get better terms, so don’t make the mistake of losing the money you can’t afford to lose.

6. Are they safe?

If you have good money management skills and you know what you’re doing, then yes, they are safe. Moreover, in order for a loan to be safe, your creditor has to be a trustworthy one. It won’t do you much good to borrow money from anybody that poses as an unreliable lender on the Internet. And of course, you should not get the loan if you’re not confident that you can repay it.


Now you’ll be able to make informed decisions, and subsequently, avoid any problems that may come along the way. In case you want to know even more about this topic or you’re seeking professional advice, call us on 1300 138 188 for a free consultation or enquire with us today.

Low Doc Loans

Low Doc Loans – A Solution for the Self-Employed

Low doc loans can offer a quick financial fix for your problems without having to go through all the bureaucracy required by other loans. At a price, of course. In this article, we discuss how low doc loans for the self-employed can be a great option for you.

As the name suggests, low doc loans don’t require too many documents. This can come in handy especially if you are self-employed and need to present more papers than usual; papers that are normally quite difficult to get a hold of. It is important to know that this kind of loan is only ideal for self-employed borrowers. The reason why such a loan was created is that these people can almost never prove their actual income since their pay might rarely be regular or consistent.

Low doc loans are available in Australia at the most important financial institutions, but they are also offered by smaller banks and other alternative lenders.

So, let’s see how low doc loans can help the self-employed and discuss whether or not they are worth your time.

What Documents Do I Need for Such a Loan?

When you want to apply for low doc loans, your lender will require your ABN, your business activity statements for the last twelve months or so. In addition to that, he/she will request proof that you have been working in the same industry for a minimum period that varies from a lender to another. You will also need to present your registered business name and a signed borrower’s income declaration. And that’s all. You can finally say goodbye to bureaucracy. Flexibility is key when it comes to this specific loan.

The lenders will take into consideration the income they calculated with your BAS or the smallest income provided by you in the low doc declaration.


What’s the Catch?

Well, for low doc loans you do have the advantage of providing less documentation than you would with other loans, but… There is always a “but.” These loans have a higher interest rate than your standard loan. So, you have to work less to get this special loan, but you will pay more in the form of interest rates. We recommend getting the best of both worlds and shop for the best low doc loan you can find. Doing a little bit of extra research now might save you a lot of money later.

If you find a low doc loan with a low-interest rate, consider yourself lucky. Don’t expect to find interest rates similar to standard loans, though. However, you may try talking to us at the Australian Lending Centre. We have a few great low-doc loan options even for those who are stuck in a peculiar situation. You’ll most likely find our advice constructive and our offers quite attractive.

How Can Such a Loan Benefit My Business Needs?

When you run a business, no matter how small, the chances are that you can’t afford to spend your time looking for all the documents necessary for the loan. You will most probably get your secretary or other employees do it for you. So, you won’t necessarily feel how time-consuming this step is.

But you are self-employed, so you will have to spend a lot of time running from place to place to get your complete documentation ready. So instead of applying for a standard loan, you can save some time, avoid stress and apply for low doc loans. This means no more fooling around with business documents.

You can do plenty of things with a low doc loan; you can finance your company car, equipment, pay your employees, buy products for your store (if that’s your business) and so on. Investing in your business means that you will be able to produce more and at a better quality. The idea is that you will get a decent sum without wasting too much time like you would with a regular loan.


Some lenders can give you a loan that values somewhere around two hundred thousand dollars. With that kind of money, you can cover most of your expenses not only as a self-employed person but also as a businessman who owns a small company.


If you are self-employed and looking to apply for low doc loans, then the next step is to look for the right lender for you. You might have to do some calls here and there and spend some time searching the Internet, but finding the best deal can help you and your business in the long run.

So, are low doc loans worth your time and can they help your business improve? The answer is “yes.” Still, before you apply for low doc loans, you can search for other alternatives, so you won’t have to deal with high-interest rates, but still bring that boost to your company. On the other hand, if you manage to find a lender with low-interest rates, you should consider yourself lucky and take full advantage of this opportunity.

Low Doc Loans

3 Important Factors to Consider When Applying for Low Doc Loans

Are you applying for low documentation loans? Learn more about them and the factors to consider when applying for low doc loans.

Emergencies happen, and when they do, it could be that you have very little money or none at all to fix until your next payday comes in. With no bank savings to fall back on, and such little time to make quick decisions, especially if it’s a medical emergency, where would you get the stash of cash you need? When you’re a small business owner or self-employed with no tax returns or financial documents to submit to banks, low doc loans can be the most logical, if not the only choice.

While you may be in a rush to apply for the first low doc loan option you come across there are important things to consider when choosing the most appropriate loan alternative for you.

Here are some of them:


Not everyone can apply for low document loans. Only self-employed borrowers who have legitimate reasons for not submitting proof of income, such late filing of tax returns, can apply.

Low doc loans do not require the usual documents used by banks and big lending forms to verify income, such as payslips, financial statements and tax returns. Instead, you are only required to sign an income declaration form that will be the basis of their assessment. Most lenders ask low doc loan applications to declare their assets and liabilities and some lenders may ask you to include this in your income declaration form. During the assessment, lenders usually check whether your income, assets and your age match.

At the Australian Lending Centre, our team of loan specialists strives to keep the proof of income and documentation at a minimum. If an income declaration is the only thing you can present, well, that’s enough for us! Who knows? You may qualify for a loan of up to $3 million.

Interest rate

One of the big factors to consider when applying for low doc loans is the interest rate. It’s important to shop around and make sure that you get the lowest one available in the market, without the hidden charges.

Low doc loans offered by some banks and financing institutions may come at extra costs because of reduced financial documentation. One strategy is to present more financial document to lower the interest rate. You may be required to pay extra fees and charges and higher deposits. Others require security such as investments, cars and other properties. But you want none of that; we can offer you the most competitive rates suitable for self-employed borrowers without the heavy paperwork. We are also known for fast turnaround and processing times.

Credit rating

Finding low doc loans with lower interest rates is difficult when you have a bad credit rating. You may need a little more time to get your good credit rating back, as it would depend on your credit payments. But, if don’t have the luxury of time or the money to pay them as soon as you can, the Australian Lending Centre offers low doc loans for people with bad credit. You may want to avail of our low doc car loans, home loans and personal loans. You may also try our low doc investment loans to support your dreams.

Learn more about our low doc loans. Contact us today!

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What’s the deal with a bad credit loan? Bad credit loans aren’t so bad

A bad credit loan sounds like the type of thing you see written in bright font in a pop-up ad. As someone who needs a bit of help with their debt, you probably want to click on them. But loans for people with poor credit sound too good to be true, don’t they? Well they are definitely real. Having bad credit doesn’t disqualify you from ever obtaining finance. There are a whole heap of different loan types available to those of us who have poor credit. So what’s the deal with a bad credit loan?

The bad credit loan

The term ‘bad credit loan’ refers to the loans that are made for people with poor credit ratings. The kind of people who have tried to get finance through a major lender, like a bank, but have been rejected. The repayments on bad credit loans are often higher. Whatever type of loan you need, having bad credit won’t hold you back.

Personal loans are one you will have no trouble getting as someone with a bad credit rating. It’s not important what you need finance for, as long as you meet the requirements. So if you require help with some bills or large-ish payments that need covering sooner rather than later, go for a personal loan. It might even be beneficial to use a bad credit personal loan to pay off another debt that has a higher interest rate.

There are options for businesses as well. Even if your company has experienced a few cash flow hiccups, you’ll find a provider for credit that looks past your history. With a provider that understands what your business goals are, you’ll be getting finance for future projects before you know it.

Have you heard of low doc loans? If you need money urgently, so urgently that there isn’t time to collect the proper documentation the bank will ask you for, go to a private lender. This is another type of loan available to you with your rough credit history. It appeals to the sense of urgency that comes along with money issues.

Even if it’s a small loan that you need, it’s within your grasp. Small amounts are, logically, the easiest to repay. They shouldn’t be difficult to obtain, but banks will do that. Rather than be put through the whole application process only to be rejected for not having a perfect credit rating, go through a company that specialises in bad credit loans.

It doesn’t really matter how you got into debt, or what the offences are on your credit report. There are plenty of solutions to your financial needs and they’re available to you. So what if the bank doesn’t want a bar of you! Unfortunately, the global financial crisis made banks a little tighter with their money and who they’ll give it to.

Australian Lending Centre is different. If you’d like to find out how we can help you, spend thirty seconds filling in our enquiry form and we’ll get back to you shortly.

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Banks Shying From Commercial Lending

Throughout Australia, commercial lending from traditional financial institutions continues to shrink, despite a strong economy. According to Industry Super Australia, commercial lending has plummeted, over the past two and a half decades. Instead of being focused on capital formation and long-term economic growth, banks seem to be shifting their attention toward home purchases and refinance deals.

Navigating the Commercial Lending Market

Not surprisingly, this has created widespread frustration throughout commercial loan applicants, and businesses are wondering what they can do to get the capital they desperately need for expansion and growth. There are three C’s that the traditional commercial lenders look at Character, Collateral, and Capacity.

Commercial Lending Checking Character

In order to navigate the shrinking commercial lending market, companies must be aware of what traditional lenders are looking for in new business loan applications.

First, banks will assess a business’s character – that is, the company’s credit history. Lenders want to be sure that a business has a long-standing history of repaying debts, profitable operation, as well as healthy past relationships with other lenders and vendors. If a business has been plagued with bad credit, a traditional business loan may not be quickly available through a bank.

Commercial Lenders Evaluate Collateral

Lenders will also review a company’s ability to provide collateral for a new business loan. Business assets are used to back a loan, either in full or in part, in order to greatly reduce the risk for the bank. Pledging assets for a business loan may be a viable option for some, but it may create a situation where borrowing more capital at a later time could be a difficult task. For those companies without collateral to offer up to a bank, traditional lending may not be an option.

Ability to Payback – Capacity

The last aspect of a business loan application that banks will review is the company’s capacity, or its ability to pay back debt obligations from company earnings. Numerous financial documents are required to prove the financial stability of any business, and this creates a complicated scenario for companies that require an influx of capital in a short period of time. If these documents are not in order at the time of application, banks are much less likely to start a business relationship with the applying company.

Non-Bank Lenders to the Rescue

As the cost of capital formation continues to increase, it is important for businesses to be aware of and understand options both with the bank and with alternative lenders. For companies with bad credit, little to no collateral, or those who find it difficult to produce the financial documentation some banks require, seeking capital from a source other than a traditional bank may be the only option.

Fortunately, low doc loans exist that simplify the application process for business owners, and some alternative lenders can work with companies with bad credit or otherwise insufficient collateral to offer. In order to make the best decision for you business, it is important to understand the three C’s in lending as well as the full array of options available to your company.

Don’t meet the three C’s? Check out Australian Lending Centre’s business loans!

Low Doc Loans

Lenders Kick Doors Open With Low Doc Personal Loans

New reforms work wonders to help self employed borrowers get the right low doc personal loans!

Lending has become better regulated as to protect high risk borrowers and create a responsible lending atmosphere. Lending to someone who lacks documentation can be risky, but with good policies in place, the risks can be mitigated.

The Australian Lending Centre protects borrowers with tailored low doc personal loans!

Better Policies – Better Borrowing:

  • Cross-checking information provided by borrowers
  • Policies ensure the right borrowers are granted low doc personal loans
  • A more fair market is being created by ASIC policies
  • Low-doc loans from banks have declined from 6.4% to 0.7%

With banks steering clear of the low doc loan market, the small to medium lenders are willing to understand the borrower’s situation.


“To protect borrowers, we only lend to those that have the ability to repay their loan.”


Low doc personal loans are a type of loan that can be granted with less documentation, but we still check it makes sense to lend. To improve outcomes for borrowing we consider other factors, not all Australians can have a consistent pay check, but all responsible Australians should be given the chance to apply to borrow money.

For low doc loans that fit your situation, contact Australian Lending Centre and stop rejection due to restrictive bank policies.


Low Doc Self Employed Loans

At 25 years of age, Carl was yet to build a significant credit history. Having recently started his own business, using his own funds as start-up capital, he had credit card debt to the value of $2,700 and he owed $10,800 on his car loan.

When his repayments fell behind, he decided to obtain a loan to pay his debt down in order to stop the calls from creditors.

Like many other Australians, his credit record was negatively affected by less-than-ideal debt management. Years of inconsistent income had turned in to growing debt and late payments.

People applying for low doc self employed loans generally have to produce 12-months’ worth of BAS statements, and they wanted 6-12 months’ worth of bank statements as well. Most banks also demand letters from company accountants to verify their income.

Australian banks are notorious for their strict lending practices, which have caused many people to give up on the search. However, Australian Lending Centre may just have the solution to your problems.

After Carl applied and received his low doc self employed loan, Carl was able to pay off his debt, and begin recovering his credit.


Low Doc Personal Loans in Australia

Policies on responsible lending are changing. The new standards have made it safer to borrow by passing some of the responsibility to the lender. While you must still be able to show the ability to pay back the low doc personal loan, your lender must also make sure they are lending to a responsible borrower.

Low doc loans lenders, such as Australian Lending Centre provide a go-to solution for people with insufficient documents, or poor credit scores. We work to tailor low doc personal loans that can provide you with the funding you need to pay your debts down and avoid a default.

Don’t be dissuaded by the strict regulations of Australian banks. Remember that the Australian Lending Centre offers low doc personal loans at great rates, and with 48-hour approval.

If you are missing the documents required by banks then you are searching for a lender with different requirements, a lender like the Australian Lending Centre. Call us on 1300 138 188 or Apply Now!