Full Doc – Where the applicant can produce their last 3 pay slips and their last 2 years group certificates or last 2 years income tax returns.

Low Doc – For either PAYG or self employed applicants that have not completed their last 2 years tax returns. In some Lo Doc instances, the lender may require the applicant to sign an income declaration and other lenders may require the applicant to obtain a signed income declaration from their accountant.

No Doc – This is where you are unable to provide any form of income verification, do not wish to provide an income declaration or do not have an accountant that can verify your income. ****This is a rare option and is generally only applied to reverse mortgages, asset lends or caveat loans.