No Doc Commercial Loan
No doc commercial loans are a non NCCP loans available for commercial property purchases or business purposes that do not require traditional income documentation. These loans suitable for self-employed borrowers or those with complex financials or who cannot provide full documentation
No doc commercial loans can be a viable option for business owners or investors who need financing quickly or cannot provide traditional income documentation. With faster approval process, No Doc loans are used for start-up, cash flow, commercial property purchase, cash-out and equity release for business purposes.
Loan Size
$500k – $12m*
LVR
Up to 75%
Loan Term
1 to 24 Months
No Doc Commercial Loan Features
- Available for commercial properties like office buildings, retail spaces, warehouses, etc.
- Do not require income verification documents like tax returns or financial statements
- Typically offered by private lenders, non-bank lenders, and some specialised finance companies
- Maximum loan-to-value ratio (LVR) is 75%
- Higher interest rates compared to fully documented loans
- Loan terms are often shorter, ranging from 1 – 3 months
- Vacant property ok
- Loan purpose – start-up, cash flow, commercial property purchase, cash-out and equity release.
No Doc Loan Requirements
- Must be for business/commercial purposes, not residential property
- Borrower typically needs a registered ABN (Australian Business Number)
- May require signing an income declaration form
How No Doc Loan works
Your Requirements
Let us know what you’re looking at, buying a new commercial property, refinancing existing commercial loan, need quick cash out for business and business details.
Compare and find Loan
We will compare the lenders and find the right no doc commercial loan without impacting your credit score.
Getting Approval
Get your no doc commercial loan at best rate and that meet your requirement within as soon as possible lender and settlement within a week.
Commercial No Doc Interest Rates
- Rates depend on deposit size and overall risk
- Interest rate often based on LVR
- Some lenders offer competitive rates with low LVR
- Interest rate from 9% per annum
Types of Properties for Commercial No Doc Loans
- All commercial properties that can be used as security: shop fronts, warehouses, offices, etc.
- Loan term: 1 to 24 months
- Special purpose commercial properties finance available
How No Doc Loan works
What is a no doc commercial loan?
What is the maximum loan-to-value ratio (LVR)?
The maximum LVR for a no doc commercial loan is usually 65-75% of the property value.
What types of properties are accepted?
All commercial property considered Specialised or non-specialised. Non-specialised commercial properties such as:Office buildings, Warehouses, Retail shops, Factories, Vacant land, Commercial, industrial, or mixed-use zoned properties. Specialised properties like hotels or petrol stations also considered.
Can I use the funds for any purpose?
You can use the funds for investment and business purposes such as Commercial property investment, Investment in shares, Business purposes including working capital. The funds can not be used for personal purposes or to buy residential investment properties.
Can I refinance with a no doc loan?
Yes you can refinance no doc commercial loan.