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Tailored for you
We are leading the way in challenging the status quo to establish a real alternative to traditional lending.
Discover our effective and innovative commercial loan solutions tailored for you.
Loan Application Document Checklist
Alt Doc Commercial Loans
- Borrower income declaration; AND
ONE of the following
- Accountant Declaration
- 6 months lodged BAS
- 6 months Business Bank Statements
- Active ABN for at least 2 years (If Turnover is >$75,000 must be registered for GST for minimum 12 months)
- 2 consecutive payslips
FAQs
What is an Alt Doc loan?
An Alt Doc loan is a type of loan that allows self-employed borrowers to use alternative documentation to verify their income.
The terms ‘Alt Doc’ and ‘Low Doc’ are sometimes used interchangeably, though ‘Low Doc’ or low documentation may have different interpretations depending on the lender.
What forms of income documentation are acceptable?
At Brighten, we accept one of the following forms of income documentation: an Accountant’s Letter, most recent 6 months Business Activity Statements (BAS), or most recent 3 months business bank statements.
What type of securities are acceptable?
We accept standard commercial securities and residential securities in Cat 1 and Cat 2 locations. Specialised securities may be considered on a case-by-case basis.
What is the maximum loan term?
We offer loans with terms of up to 30 years.
Do you do require an annual review?
No, we do not require annual reviews. Once you settle with Brighten, you can relax and leave the rest to us.
What are the requirement for the business?
We require the ABN to be active for at least 24 months, and GST registration for no less than 12 months if the turnover exceeds $75,000.
Why Choose Brighten?
Superior Product Offering
Comprehensive and competitive Full Doc, Alt Doc, Lease Doc loans and Asset Lending
Fast turnaround times
Fast SLA supported by our experienced team and a proprietary cloud-based loan origination platform.
Diverse and Resilient Funding
Well-established warehouse-funding arrangements with multiple Top Tier Banks, three public RMBS programmes and multiple wholesale credit funds to provide further funding diversification.
Better Service Proposition
Our experienced team are available when you need them to help you navigate your loan journey.
Trusted Partner
Award-winning non-bank lender with an extensive broker and aggregator network across Australia.
Environmental, Social, and Governance
Good governance, social responsibility and sustainability are key pillars of our culture.
*Interest rate may vary. The actual Interest rate will depend on our assessment criteria and your actual LVR.