Low Doc Home Loan

Low Doc Home Loans are a flexible financing solution for the self-employed who have income and assets, but may not have the usual paperwork like financial statements or tax returns ready at the time of application.

 

Our Low Doc option means you don't have to provide standard income verification documents when applying for a loan. 

 

Enquire online now 

 

Features and benefits

Home loan features 

Additional repayments 

Redraw 

Maximum Loan Amount* 

Interest only repayments 

Mortgage Offset facility#  

Progress draws1 

Low Doc Standard Variable Rate Home Loan 

Yes

Yes

80% of property value for owner occupied and

80% for investment

Yes (max of 5 years) 

Yes

$500 for all

Low Doc Line of Credit

Yes

Ongoing line of credit facility

80% of property value for owner occupied and

80% for investment

 

No repayments required provided balance remains under limit

No

No

Low Doc Fixed Rate Home Loan 

Up to $5,000 in any 12 month period

No

80% of property value for owner occupied and

80% for investment

Yes (interest only term matches fixed rate term)

Yes (1 year fixed only)

$500 for all

* Requires mortgage insurance if amount borrowed is more than 60% of the valuation of the security property.

# Personal customers only


Interest rates

Loc Doc rates are available on the Today's rates page.

 

*At conclusion of fixed rate period, loan converts to Low Doc Standard Variable housing rate.


Fees and charges

Home loan fees and charges 

Loan establishment fee 

Loan maintenance fee 

Mortgage offset facility 

Low Doc Standard Variable Rate Home Loan*

$995

$10 per month

$0

Low Doc Line of Credit

$995

$10 per month + 

n/a

Low Doc Fixed Rate Home Loan*

$995

$10 per month

$0


*Fee savings:

You can nominate one of your Reverse Charges AccountsTM to be free of monthly maintenance fees.

 

+includes 40 free Bank of Queensland ATM withdrawals, cheques written and direct debit transactions per month. Additional transaction $0.60 each.

 

Additional information

1 Low Doc Standard Variable rate applies during construction.  Interest rates quoted are indicative only, and are subject to change without notice. Fixed interest rates may vary between application and drawdown of the loan.


How to apply

To apply for a Low Doc Home Loan, drop into a BOQ branch and speak to someone face to face or call one of our friendly customer service consultants on 1300 55 72 72.

 

Important information

Please view the terms and conditions listed below on the Terms and Conditions page:

  • Personal Banking Guide to Fees and Charges
  • Personal Lending Supplementary Terms and Conditions