What's a Full Doc Loan

A full documentation loan is for borrowers who have access to all the income verification documents a lender needs to assess a home loan application. The exact requirements will vary between lenders.

What is a low doc loan?

A low documentation (low doc) home loan is a mortgage that can be taken out using different income verification documentation to that required by a full documentation (full doc) home loan. … These are often used by self-employed borrowers, who may find it difficult to provide conventional proof of income.

What is a low doc car loan?

A low doc car loan is a broad term used to describe a range of lender products designed to meet the needs of ABN holders who have a short trading history, do not receive regular income or may not have the tax records to meet the requirements of a standard car loan.