If you don’t think you can achieve a loan because you’re lacking in the paperwork department, think again. At Jade we understand that one size does not fit all – that’s why we offer Low-Doc Personal Loans.
For those who require a loan with less financial documentation to prove income, assets and liabilities – our range of low doc personal loan products is extensive. With a fast and simple application process, low doc personal loans are designed for borrowers who don’t meet the standard loan eligibility criteria.
Thanks to a variety of alternative income verification methods, low documentation personal loans are typically sought by borrowers with non-traditional income sources like the self-employed, independent contractors, small business owners, and freelancers. In addition to minimal paperwork requirements, our low doc personal loans are highly convenient and accessible. With the option of no collateral requirements, as well as fast turn-around times – securing a low doc personal loan has never been easier through our highly-trained expert brokers.
The key benefit for borrowers seeking a low doc personal loan, is the ability to omit the piles of paperwork required for a standard loan. However, with many low doc personal loans on the market, it can be difficult to find the best one for your situation.
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By coming directly to Jade’s financing specialists, we’ll do the shopping for you via your very own dedicated broker. Enjoy our highly-personalised service and sit back while we find you the best lending deal available and fast track the entire process for you.
Whether you are seeking funding for a holiday, a new car, house renovations, or medical bills – being able to secure funding quickly is important. However, due to the reduced documentation nature of low doc personal loans – interest rates will generally be higher than a traditional personal loan.
When you use us for your low doc personal loan, you’ll enjoy a simple and extremely straightforward application process by dealing with the same broker from initial contact right through to settlement. Ensuring your application is complete to the best standard possible for our lender criteria, our brokers work harder for you.
To qualify for a low doc personal loan, the basic requirements a borrower will need include:
Our guides offer quick comparisons and simple explainers to help you navigate through the financing process with confidence.
Unsecured personal loans, secured personal loans, debt consolidation and travel finance – at Jade Finance we offer all four types of low doc personal loans. Each of these loan types offer a number of different characteristics. With our experienced brokers, your financial situation will be assessed to determine which loan will work for you.
Two of the most common types of low doc personal loans available through our brokers are secured and unsecured personal loans. Differing in terms of whether the lender requires any security on the loan – an unsecured personal loan doesn’t require any collateral, while a secured personal loan does.
Due to no collateral being required on an unsecured personal loan, may incur higher interest rates will apply, as well as lenders conducting in-depth analysis of a borrower’s business strength and cash flow. Unsecured low documentation loans will generally be used for smaller purchases due to the lack of collateral. This can include things like business expenses, home renovations, debt consolidation, vehicle purchases, travel expenses, medical expenses, and education expenses.
For a secured personal loan, the interest rate will generally be lower than an unsecured personal loan. However, if a borrower defaults on this type of loan, the lender may have a claim to the asset used as security. A secured low doc personal loan can be used for similar financing to an unsecured personal loan, but will generally help a borrower achieve a larger sum of money.
Another low doc personal loan available at Jade Finance is debt consolidation. Debt consolidation involves the combining of multiple debts into a single, more manageable loan. This type of personal loan is generally used to simplify a borrower’s finances, lower interest rates, reduce monthly payments, and improve a borrower’s credit score.
Get in contact with us to discuss what will suit your requirements best.
There are a variety of reasons why our brokers may recommend a low doc personal loan. Minimal paperwork requirements, application speed, and the suitability for a range of borrowers are just some of the reasons why this type of loan is increasingly being chosen.
The traditional standard loan type has a much more extensive documentation process including proof of income and employment history. This can be a long and exhaustive process for many applicants. On the other hand, Low documentation loans through Jade Finance offer a faster, more streamlined process that is highly beneficial and suitable for borrowers with fluctuating incomes. An additional benefit of a low doc personal loan is the ability to access funds quickly without the need for extensive paperwork. This makes low doc personal loans an ideal option for emergency expenses or time-sensitive opportunities.
It is important to weigh your options carefully based on your financial situation and repayment ability by reaching out to one of our low documentation personal loan specialists.
By talking to us, you will receive the personalised service that Jade is known for in the lending market thanks to our reputation as a strong, stable and extremely well-regarded company in the financial sector.
As a leader in low doc personal lending, our loan specialists have access to the right lenders for borrowers with minimal documentation to prove their financial situation. The right lender can be a significant factor in whether a loan application is approved or rejected so it’s incredibly important to choose your brokerage well.
By working with Jade, borrowers will be able to access over 80+ lenders, including specialist non-bank lenders that can offer highly competitive rates and terms. Not only this, but our experienced brokers know the matrix used within the lending market and can quickly match borrowers with their ideal lender.
By having a conversation with one of our brokers, you’ll feel supported in your low doc financial objectives and enjoy a smooth application process with a fast turnaround time.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 20/12/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
For self-employed individuals or small businesses who have a reduced amount of documentation available, securing a commercial loan can be daunting. However, low doc commercial loans may provide a good solution to this problem. For a low doc loan, borrowers will be required to provide their Australian Business Number (ABN), GST registration, proof of Australian citizenship, and evidence that they will be able to repay the loan (this can include a letter from an accountant or any business activity statements).
By using a commercial loan broker when undertaking the process of securing a low doc loan, you will essentially receive a matchmaker between your business and a lender. Commercial loan brokers do the hard work for you by comparing the large range of financing products in the lending market to find the best option for you and your financial circumstances. Brokers take away the burden and stress of searching the market and can help save a borrower time as well as secure a lower interest rate.
Sourcing finance for some businesses can be a challenge, especially when not all businesses can meet the guidelines and stringent loan requirements which are set by banks and some private lenders. That’s why Jade Finance offers realistic pathways for businesses in these situations. We offer low doc loan services for a variety of purposes. For a low doc personal loan, the basic requirements you will need to qualify include:
Your credit score is a factor that reflects how risky you are as a potential borrower in the eyes of lenders. Much like with any loan application, applying for a low doc personal loan can cause a slight dip in your credit score. But overall it depends on how you go about applying for and paying off the personal loan. If you undertake the following steps, applying for a low doc personal loan could actually help your credit score.
Things that could hurt your credit score by applying for a low doc personal loan include:
By working out how much you can afford to borrow, looking for a good-value loan, and receiving expert advice prior to signing an agreement – you can reduce the impact to your credit score.
With Jade Finance, we offer seamless loan applications and fast-turnaround times. By using one of our expert brokers to secure your next low doc personal loan – you could receive same-day funds.
Low Doc Loans
No Doc Loans
If you have a well documented financial history and are seeking better loan terms, a full doc loan might be the best option. Consult with one of our Jade Finance Brokers to see what option is best for your specific financial circumstance.
Sourcing finance for some businesses can be a challenge, especially when not all businesses can meet the guidelines and stringent loan requirements which are set by banks and some private lenders. That’s why Jade Finance offers realistic pathways for businesses in these situations. We offer low doc loan services for a variety of purposes. For a low doc personal loan, the basic requirements you will need to qualify include
