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Low doc loans


Just because you are self-employed or unable to declare specific financial information for the application of a loan, does not mean you can not take out a loan. State Securities can organise a low-doc loan for you.

Low-doc loans are the fastest growing sector of the home loan market. They were initially established for people who were self-employed and who did not have the documentation required by the traditional lenders. Interest rates are generally expected to be a little higher than the standard rates however the gap is narrowing.

Typical characteristics of applicants for this type of loan includes:

     
   
Self-employed.
 
       
   
Unable to provide specific financial documentation.
 
       
   
 
   
 
Last modified 14-07-2004 © State Securities