Phrase guide

low-doc loan

noun · 1 senses · updated from the 2026-07-25 local source snapshot

Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.

Sound

Pronunciation

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1

noun

Meaning 1

A loan or mortgage where the borrower provides only limited proof of their income.

Definition source: English Wiktionary via Wiktextract

Usage: Australia, US

Topics: banking, business, finance

Examples

  • 2006, The Bulletin, Issues 6536-6544, page 61, “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 rate.”

Meaning relationships

Synonyms: none provided

Antonyms: none provided

History

Etymology

From low + doc + loan.