low-doc loan
low-doc loan noun: a loan or mortgage where the borrower provides only limited proof of their income.
Noun
low-doc loan (plural low-doc loans)
- A loan or mortgage where the borrower provides only limited proof of their income.
- “You can see it here in mortgages. Low-doc loans used to carry at least 1% or more of risk premium. As everybody [piled] in, that has been driven down to half a percent. These people do not have a verifiable income, and yet you can only expect them to be charged half a percent more on the interest...2006, The Bulletin, Issues 6536-6544, page 61
- In a no-doc or low-doc loan, the lender doesn′t require you to bring proof of your income, but you will usually have to pay a higher interest rate or extra fees to get the loan. Lenders generally charge more for no-doc/low-doc loans.2007, Barry Leonard, Consumer Handbook on Adjustable-Rate Mortgages, page 9
Forms of low-doc loan
| plural | low-doc loans |
|---|---|
| alternative form | low doc loan |
Origin of low-doc loan
From low + doc + loan.
Questions about low-doc loan
- What does low-doc loan mean?
- Low-doc loan means a loan or mortgage where the borrower provides only limited proof of their income.
- What part of speech is low-doc loan?
- Low-doc loan is a noun.
- What is the plural of low-doc loan?
- The plural of low-doc loan is low-doc loans.
Words near low-doc loan in the dictionary
Source and license
Adapted from Wiktionary: low-doc loan (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Pronunciation audio from Wikimedia Commons, each file under its own free license: en-au-low-doc loan.ogg.
Cite this entry: “low-doc loan.” Word.ws, https://word.ws/low-doc_loan. Based on Wiktionary, CC BY-SA 4.0.