Low Doc Loans or LoDoc simply means minimal supporting documentation proving income. These loans are designed for borrowers who have difficulty providing the normal documents to support their income. This may be because they are self employed, contract or seasonal workers or the income type is not regarded by the lender as sufficiently reliable eg commission only employees or child maintenance income etc. The lender usually takes a more conservative risk limiting the loan to 60%-80% of the property value some lenders will also charge higher interest rates on these loans.