No Financials? No Stress!
Applying for a loan when you don’t have the necessary documentation can be stressful — especially if you have applied with the wrong lender!
At Redilend, we specialise in Low Doc Lending options. So, if you’re self-employed or simply don’t have the required documents for a traditional mortgage, you’ve come to the right place.
Depending on the type of documents you have, we can offer loans that don’t require tax returns, group certificates, bank statements, or profit and loss statements. Whatever your situation, we can find legitimate alternatives that other lenders won’t tell you about (or even know about!).
Perfect for Business Owners
Being in business means your earning potential is unlimited, but it also means there is no guarantee of income. While banks focus on the unguaranteed nature of your income, we focus on your potential.
Business owners don’t have the luxury of a regular income, but that doesn’t mean they should be penalised when applying for a private mortgage! Small businesses are the backbone of our economy, and we’re proud to support them with the finance they need.
We have other ways of assessing whether you are capable of servicing a loan so we don’t get hung up on the paperwork.
Levelling the Playing Field
Traditionally, Low Doc Loans were excessively expensive. Lenders saw these borrowers as particularly risky, and so the interest rates were increased to compensate for the level of risk.
At Redilend, we are committed to leveling the playing field and finding affordable finance solutions for people without traditional financial documents. We find the right mortgage products with competitive interest rates that won’t break the bank and the flexibility that business owners need.
Fast Finance
We know that time is money, so we keep the process as quick as possible.
With our No-Nonsense policy, we will never waste weeks of your time only to issue a letter of decline — as many lenders do. We are prepared to have an honest conversation with you at the outset and can gauge within the first conversation if we can help you or not.
We are here to help you reach a better financial position. If we can’t help you, we’ll let you know — however, based on our track record, we are quietly confident we can help in some way.
High Approval Rates
Our fair-go process means that we can approve loans that other lenders wouldn’t.
Flexible Loan Features
Our loan products come with all the bells and whistles you need.
Simple Qualification Process
Our assessment criteria is flexible so we assess each application on its merits.
Suitable for a Range of Applicants
Whether you’re a contractor, seasonal worker, self-employed or a business owner, we can help.