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Low doc loans cater for self employed borrowers who are unable or unwilling to provide up to date financial statements to verify income for servicing purposes. Instead applicants complete a declaration of income. Self employed is deemed to be sole traders, partnerships or principals of a limited liability company. Available to self-employed borrowers, in business 12 months or more & PAYE customers employed for 12 months or more, maximum LVR (Loan to value ratio) of 70%. If self employed more than 2 years then maximum LVR 80%. All other normal lending criteria apply, normal security criteria apply and acceptable purposes apply.
Will look at self employed less than 12 months higher interest rates will apply.
Email us at talktocrediflex@crediflex.co.nz or call us on 09 445 0002 to find out more.
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