How self-employed income is assessed with Alt Doc applications 

Self-employed woman relaxes after getting Alt Doc loan

Self-employed client not ticking all the boxes? An Alt Doc loan option could help.

If your self-employed client is having trouble because of their type of employment or because their income type doesn’t tick the right boxes, then talk to us - we'll do our best to help find a way forward.

At Pepper Money, we take a commercial approach when considering the applicant's industry sector. 

For example, if we are looking at a professional I.T. business owner (working from home), the profit margin of sales would differ to that of a retail business owner (with a shop front and staff).

However, all Alternative Document applications are assessed on their individual merits.

Clients can verify their income using a range of documentation, including a Pepper Money Accountant's Letter, which doesn't require an Accountant to declare their client's ability to repay. 

Home loans for clients with ABNs and GST ≥ 6 months

Declaration of financial position plus one of the following:

  • 6 months business bank statements
  • 6 months BAS
  • Pepper Money Accountant's letter
Commercial loans for clients with ABN ≥ 24 months and GST ≥ 12 months

Declaration of financial position plus one of the following: 

  • 12 months business bank statements (inclusive of the last 1 month)

  • 12 months BAS

  • Pepper Money Accountant's letter

In reviewing this information, we look for a consistent, stable sales history to support the taxable income declared by the applicant. We’ll also speak directly to the customer to understand their business and the income they have declared.

We have flexible loan options for self-employed borrowers with complex income structure, credit impairment or with limited ABN registration (6 months for home loans and 24 months for commercial loans).



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All Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

Pepper Money Personal Loans is a brand of Pepper Money Limited. Credit is provided by Now Finance Group Pty Ltd, Australian Credit Licence Number 425142 as agent for NF Finco 2 Pty Limited ACN 164 213 030. Personal information for Pepper Money Personal Loans is collected, used and disclosed in accordance with Pepper Money’s Privacy Policy & the credit provider’s Privacy Policy.

©Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647. Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899 is the credit provider for asset finance loans. Pepper and the Pepper Money logo are registered trademarks of Pepper Group Assets (Australia) Pty Limited and are used under licence.

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