The below is a guide and guide only to some of the criteria looked at when assessing a low doc loan.
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Self Employed Guidelines
|Self Employed Minimum time period||>70% LVR 2 years in same business
<=70% LVR one (1) year in same business
|ABN||ABN registration for all Self Employed applications.|
|Income Verification||Last four Business Activity Statements (BAS)|
|GST Registration||Registered for GST and for a reasonable period|
|Credit File||Clean credit only|
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