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Alt Doc

With more broad refinancing possibilities and simpler paperwork requirements, our alternative documentation (Altdoc) may be able to help you get back on your feet financially if you have certain credit impairments on your record.

We don't use automatic credit scoring; instead, we examine each application individually to properly comprehend your situation.

FAQs

Is it hard to get a low doc loan?

No, getting a low doc loan at HY Capital is not difficult; all we require is a 20% deposit for low doc home loans. You'll need proof of income, such as an accountant's letter or a bank statement, and then you'll be ready to go.

What is a low doc home loan?

Small company owners, freelancers, and other ABN holders can use low-doc loans to satisfy the requirements of a loan application. They're made for those who wouldn't be able to receive a house loan otherwise since they couldn't prove their income via traditional methods.

Interestingly, the great majority of low-doc (or no-doc) loans are unsecured. This implies you won't have to submit any kind of security or collateral to us (resulting in fewer documents). HY Capital will do the legwork and present you with a low-doc loan with favourable rates and conditions.

Low-doc loans are frequently applied for over the phone or over the Internet, which cuts down on the amount of time it takes to complete the application. If your company requires a rapid loan to capitalise on an unusual or unanticipated business opportunity, low-doc loans are likely to be the quickest way to receive the money you need

What documents do self-employed borrowers need to verify income for alt doc?

You can provide your past six months' business bank statements, as well as your last two quarters' BAS reports, to qualify for our alternative documentation loans. If you're a full doc borrower, you'll need to supply both of these papers, but you can pick one or the other for our other products.

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