Self-Employed & Specialist Lending
Being your own boss offers freedom and flexibility, but when it comes to securing a loan, traditional banks often make you jump through more hoops. At Classic Loans, we believe your business success should be a gateway to your property dreams, not a barrier.
Founded by Preetinder Singh, we specialize in Alt-Doc (Alternative Documentation) and specialist lending. We look beyond the simple “tax return” to understand the true health of your business and your actual ability to service a loan.
Our Specialist Lending Solutions
Standard lenders typically require two years of stable, lodged tax returns. However, we know that for many entrepreneurs, contractors, and freelancers, tax returns don’t always tell the full story due to:
- Low Doc & Alt-Doc Loans
If your full tax financials aren’t ready or don’t reflect your current earnings, we use alternative methods to verify your income:
- Business Activity Statements (BAS):Using your last 6–12 months of GST lodgements.
- Bank Account Statements:Analyzing 6 months of business trading to verify turnover.
Accountant’s Declaration: A certified letter from your accountant confirming your income and ability to repay.
- Specialist Lending for Unique Situations
Sometimes life happens, or business gets complicated. We work with a panel of specialist lenders who consider:
- Short-Term ABNs:Options for those self-employed for as little as 6 months.
- Credit Impairments:Solutions for borrowers with past defaults or credit “hiccups” that traditional banks won’t touch.
- Complex Structures:Lending for businesses operating under intricate Company or Trust structures.
Loans
Contact Us
0451 269 825
preet@classicloans.com.au
Clyde, Victoria ( 3978), Australia
How to Strengthen Your Application
- Keep Clean Records
Ensure your business and personal expenses are clearly separated in your bank statements.
- ABN & GST Status
Ensure your ABN has been active for at least 6 months and your GST lodgements are up to date.
- Equity is Key
Having a larger deposit (20% or more) or existing property equity significantly increases your chances of approval and lower rates in the specialist market.
Loans
Contact Us
0451 269 825
preet@classicloans.com.au
Clyde, Victoria ( 3978), Australia
How Can You Use Your Equity?
Property Valuation
We arrange a professional valuation to determine exactly how much your home is worth in today’s market.
Usable Equity Calculation
Lenders typically allow you to borrow up to 80% of your home's value (minus your current debt) without incurring Lenders Mortgage Insurance (LMI).
Lender Comparison
We scan our panel of lenders to find the one offering the best "Top-up" rates and features, such as offset accounts.
Fast Approval
We handle the paperwork to ensure you get access to your funds as quickly as possible.