No Doc Loans is a Broker / Introducer to Private Funders.
We’re not rigid like banks. We think outside the box and enjoy solving challenging funding scenarios. Our personalised solutions will fit your unique requirements. Our platform allows superior reach connecting borrowers with private funders – resulting in better deals!
NoDocLoans provides code loans, it also offers non-code loans that are not subject to the same level of regulation.
What is the difference between code and non-coded loans to Borrowers?
Code loans, also known as regulated loans, are subject to specific regulations set by the Australian Securities and Investments Commission (ASIC). The regulations aim to safeguard consumer interests and ensure responsible lending practices when purchasing or refinancing a residential property or for renovations or construction on an owner occupation or investment residential property.
Non-code loans, also referred to as unregulated loans, do not fall under the same regulatory framework as code loans. While code loans adhere to regulatory requirements set by ASIC, non-code loans provide more flexibility. In most cases, people who acquire non-coded loans are business owners who require short term, immediate funding to “bridge” a shortfall for urgent business opportunities or developers to work on specific projects, therefore not having financials to show.
Ausco Trading Pty Ltd is a full member of the MFAA (Mortgage and Finance Association of Australia). Our high level of continued training ensures that our brokers are always abreast of developments within the mortgage industry, and are always up-to-date with current products being offered by the lenders on our panel.
Ausco Trading Pty Ltd ABN 003 585 662
118/120 Ocean Street Narrabeen NSW 2101 | Australian Credit Licence No: 386838