Low Doc Construction Loans

Opening The Doors To Lending Possibilities

Having a hard time securing a home loan due to lack if financial documents? A Low Doc Construction Loan is the answer to your quest. Talk to our mortgage specialists to learn more

Low Doc Construction Loans are mortgage loans suitable for businessmen and other professionals who do not have the usual financial documents needed in applying for a home loan. Confused? Our 15 years of experience in mortgage loans can answer your questions. Get a quote or talk to our loan specialists to learn more.


Interested in getting a loan? Fast online quotes available here!

Low Doc Construction Loans for Building Homes

Low Doc Construction Loans is a type of building loans perfect for self-employed borrowers with no proof of income. There was a time when it was not possible to get a low doc loan for construction projects. Although, some major lenders are now more relaxed with their lending criteria. You could secure low doc finance for your next project.

If you have a hard time getting a mortgage, a loan specialist can help you secure the home loan that you need. With only a few documents available as your requirements for a loan application, our mortgage experts can find a lending company that understands your financial situation. We help you save time and effort in finding a lender willing to give you that financial bump that you need. Talk to an Intellichoice Financial expert today to learn more.

How Much Can I Borrow?

You may be able to lend up to 80% of the cost of the construction work and land value. There are specific lending criteria:

You are a licensed builder or building with one.
Must have an Australian Business Number (ABN).
Provide proof of your income (in the form of BAS, a letter from an accountant or bank statements.
If you do not meet these criteria, you may still be able to get a development loan providing that you have a significant deposit.

To find out more about low doc construction loans please enquire online or call us on 1300 55 10 45.

Are you a Developer?

You can usually borrow the smaller of 80% of the project cost or 70% of the value on completion.

Banks do not usually approve low doc loans for developers because they have an unpredictable income and there are often long delays between completing their projects are receiving payment.

For this reason, there are special loans for developers. These loans have an established exit date and capitalised interest and this is to avert the need for repayments.

Can you get loan approval?

The majority of banks will only offer you a loan for your project if you are building with a licensed builder insured with Home Warranty Insurance (HWI) or equivalent.

Banks are seeking the safety provided by an official building contract covered by insurance.

Can you get low-interest rates?

Generally, the banks will not charge you a higher interest rate for a construction loan. Low doc or not, most banks will offer you the same rate as for purchasing a property.

What documentation do you need?

You don’t have to supply documents like tax returns, financial declarations or notices of assessment, however, you do have to show the bank an income statement and the all the specifics of your project.

Generally, you require the following construction documents; building contract and construction tender; stamped council approved plans (or draft); specifications and schedule of finishes; construction certificate (NSW) or building permit (VIC); builder’s insurance; and builder’s risk insurance.

If you provide us your builder’s details then we can organise it all for you.

Let us help you with your low doc construction loan! Call us on 1300 55 10 45 or enquire online. Our skilled mortgage brokers will get back to you to discuss your circumstances.

Construction Projects

These loans can be used for developing the following:

Multiple units on one title
Granny flats
Holiday homes
Other small developments

When should you apply?

You should contact us roughly four weeks before commencing construction.

It sometimes takes a few weeks to get your application back. Often the best lenders are the most popular.

Apply for a loan today

CALL US – 1300 55 10 45

Call and speak to one of our Customer Care team on 1300 55 10 45.


Our team of experts spends the time to find out about you and your circumstances. We will determine the best options for you based on your earnings, any debts you might still have and your current needs and objectives.

Videos for Low Doc Construction Loans

You should seek pre approval before entering into a Low Doc Construction Loans arrangement. The reason is simple, building is a complex excerise requiring good co ordination and technical skills.

Articles for Low Doc Construction Loans

Lenders are aware of the complexity construction builders face, and the possibility of costs over runs. This comes primarily from in-experience with managing this type of project. Hence most lenders are not generous when it comes to lending at high LVR’s on a Low Doc Construction Loans.

Frequently asked questions

Why utilize or use a Low Doc Construction Loans expert?

Applying for a low doc loan can be a tedious process, especially if you are clueless of the process and what steps to take. By working with low doc construction loans experts, you’ll get professional advice on how to make this process as seamless and as efficient as possible.

At Intellichoice, our loans specialists are licensed with the Australian Securities and Insurance Commission (ASIC) and have years of industry experience under their belts. With our specialists’ State certification and experience, we can guarantee that you can.

How does Low Doc Construction Loans work?

It works nearly similar with the regular construction loans, except that documentary requirements are lesser and lenders are more relaxed in approving loan applications.

How to maximize your chances of being approved?

It is safe to look for pre-approval before entering a Low Doc Construction Loans arrangement. Pre-approval will give you a thought of what your maximum loan will be, which can enable you to decide whether or not its the correct choice for you.

How much can I borrow?

You can borrow as much as 80% of the total value of the property on top of the total cost of the construction.

How to apply for Low Doc Construction Loans?

You have the option to lodge your low doc construction loan application directly with lenders, but if you want to have more options, you can work with a broking firm or a licensed broker who can give you several options that meet your needs.

How Do Banks Fund Low Doc Construction Loans?

Just like with the traditional construction loans, most lenders release the fund in five tranches, often called progress draws. These stages correspond to the major phases of your home construction.

Why is it so difficult to qualify for a loan?

Unlike in most home loans where the house itself offers security to the mortgage; in construction loans, the house is yet to be erected and in some cases, houses are not at all times built on land areas with high valuation.

How is Low Doc Construction Loans different to regular Construction Finance?

Unlike typical construction loans, low doc construction loans require relatively fewer requirements.

About Us

Our mortgage broking is second to none. Don’t waste your time and money running around from bank to bank, sifting through ambiguous loan offers only to find they don’t work. Take advantage of our expertise and let us find the right loan or finance to suit YOUR needs.