Low Doc Home Loans

Simplifying home loans for self-employers

 

Our Low Doc Home Loans1 are flexible lending solutions for self-employers who don't have their financial statements or tax returns ready when applying for a home loan.

 

Instead of providing your standard income verification documents, you can provide alternative documents, such as your BAS. Contact BOQ today to discuss our low doc loans!

 

How to Apply

Features and Benefits

Home Loan 

Additional repayments 

Redraw 

Maximum Loan Amount* 

Interest only repayments 

Mortgage offset#  

Progress draws1 

Low Doc Standard Variable Rate Home Loan 

Yes

Yes

80% of property value - owner occupied and 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 - owner occupied and 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 - owner occupied and investment

Yes - interest only term matches fixed rate term

Yes - 1 year fixed only

$500 for all

1Bank of Queensland Limited ABN 32 009 656 740 (Australian Credit Licence Number 244616) (BOQ).  Full terms and conditions available at any BOQ branch.  Fees and charges are payable. BOQ's standard credit assessment criteria apply. Interest rates quoted are indicative only, and are subject to change without notice. 

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

#Personal customers only  

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

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.  


Low Doc Interest Rates

View our Low Doc Home Loan interest rates on the Home Loan Interest Rates page.

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

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


How to Apply

Important information

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