Glossary

Alt-doc

What alt-doc lending means, how it differs from low-doc, and what documents typically substitute for full financials.

Alt-doc, short for alternative documentation, describes lending assessed using documents other than full, accountant-prepared financial statements — commonly BAS statements, bank statements, an accountant's letter or a signed income declaration. It sits between full-doc and no-doc on the documentation spectrum, generally requiring more evidence than a pure low-doc declaration but less than a complete set of financials and tax returns. Self-employed borrowers and businesses whose most recent financials do not yet reflect current trading, perhaps following a recent expansion or a change in structure, are common users of alt-doc facilities. Lenders offering alt-doc terms typically price and structure more conservatively than a full-doc equivalent, and cross-check whatever alternative documents are provided against each other, such as bank statement turnover against BAS-reported sales, before relying on them.

Related

Low-doc commercial loans · Low-doc · BAS

Confidential enquiry

Indicative terms in three minutes

Business-purpose and investment finance only. No credit check at this stage.

Confirm what the finance is for

Explore

Related finance.

By borrower type

Explore

Not quite the right product? Every loan type we arrange.

Most scenarios can be structured more than one way. Browse the alternatives, or tell us the situation and we'll recommend the structure.

Business cash flow

Property-backed

Development

Situational

Rural & international

All loan types →