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Lease Doc loans

A lease doc loan does not require full evidence of your income, instead the lender relies on the strength of the rent income from the property used to secure your loan.

So they are similar to a low doc commercial loan. Lease doc loans are great for anyone that owns or are looking at buying a commercial property. They are very flexible as you only need to show a lease agreement to prove income. If the lease agreement covers the loan repayments and have a minimum 12 months left on the lease there is a high chance the loan will be approved. 

You can borrow up to 70% of the property value

No payslips, tax returns, bank statements, BAS or financial statements are required

The security must be a commercial or residential investment property

Your loan must be NCCP unregulated

The lease must have at least 12 months remaining

The lease must be at “arm’s length”, that is, not to your own company

The lease income less outgoings must be sufficient to cover the interest on your loan.


Why do people choose a lease doc?

The majority of our lease doc borrowers fall into one of three categories:

  • Self funded retirees.
  • People with a complex financial situation.
  • Self employed borrowers with no income evidence.

The main advantages are that the loan application process is simple and it is easier to get approved.

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