Which of the following statements accurately defines a low doc loan?
A. a loan where the borrower can borrow up to 90% LVR as long as they supply an ABN and a letter stating they can afford the loan
B. When the borrower is not required to produce any supporting documents to establish income
C. a product where lenders accept alternate forms of income verification (i.e. statement from accountant, BAS and/or bank account statements etc.)
D. a product where one can borrow money with a low interest