Full-doc
What you bring
2 yrs ITR + NOA · company financials · BAS
- Rate from
- 5.94%
- Max LVR
- 80%
- Turnaround
- 14–21 days
- Lenders
- 10
SCENARIO
Refinance: recapture mainstream rates, upgrade alt-doc to full-doc
Took an alt-doc loan two years ago, now have full ITR + NOA? We move you to a full-doc lender — repayment savings, cashback, and switch fees in one net number.
Who this is for
- ·Existing self-employed loan ≥ $250k, held 12+ months
- ·Originally alt-doc, now have cleaner tax history
- ·Want cashback or a rate reduction of 0.3%+
- ·No missed repayments in the last 6 months
What we handle
- ✓Cashback comparison ($1.5k–$4k available to self-employed borrowers)
- ✓Break-cost estimation (during fixed period)
- ✓Alt-doc → full-doc upgrade (if 2 yrs ITR now available)
- ✓Servicing rerun: capacity today may be higher or lower than original loan
Documentation Pathway Matrix
Find the rate, LVR, and turnaround that matches the documents you can supply.
Alt-doc
What you bring
6 mo bank statements · ABN ≥ 2 yrs · self-declaration
- Rate from
- 6.29%
- Max LVR
- 75%
- Turnaround
- 14–28 days
- Lenders
- 11
BAS-only
What you bring
4 quarters of BAS · ABN ≥ 2 yrs
- Rate from
- 6.39%
- Max LVR
- 75%
- Turnaround
- 10–21 days
- Lenders
- 7
Accountant letter
What you bring
Signed accountant declaration · 6 mo bank statements
- Rate from
- 6.49%
- Max LVR
- 75%
- Turnaround
- 14–21 days
- Lenders
- 6
Indicative only — actual rate and LVR cap subject to lender formal approval.
Honest trade-offs
- ⚠Don't be cashback-blinded — comparison rate is what determines real savings
- ⚠Break cost during a fixed period can be $5k–$15k, often wiping out the gain
- ⚠New lender re-runs servicing — with higher rates and tightening add-back rules, capacity can drop
Frequently asked
When does refinance actually pay off?
Rough rule of thumb: a 0.3%+ rate reduction on a balance ≥ $300k typically breaks even within 12 months, net of switch fees. We model break-even month against your actual numbers.
How much can rate drop moving alt-doc → full-doc?
Typically 0.3–0.5%. If alt-doc was used 2 years ago and you now have 2 yrs of ITR + NOA, most full-doc lenders will accept under standard self-employed policy.
Is the refinance cashback available to self-employed?
Yes, but some lenders limit cashback to PAYG. We flag which lenders extend cashback to self-employed without reduction.
Will the new lender check my current repayment history?
Yes. Any missed repayments in the past 6 months land on your credit file and are visible to the new lender. A single late payment can be explained; multiple usually trigger decline.
Next step
3-minute pre-check for refinance
Drop a few basics. We cross-check 40+ lenders against your situation and return how much you can borrow + which doc pathway is right for you.