A lo doc home loan is a loan that requires less paperwork and evidence than the tradition full documented loan.
The advantage is a quicker home loan without having to supply documented proof.
It does not mean low income, low deposit or low rate home loans.
To qualify you will have a have a good income, or a good deposit or substantial equity in your home.
It requires clear credit. Your credit rating will be assessed for this loan.
If you had credit issues you will be required to pay these out before the loan can settle.