A loan for which the borrower is not required by the lender to provide full supporting documentation for qualifying. For example, a borrower states his income, but may not be required to provide pay stubs or tax returns. No-doc loans carry relatively high interest rates and appeal both to high-risk borrowers and to individuals who don't wish to reveal financial information. For example, a borrower may have unreported income they wish to keep off the record. Low-doc loans are a variation of no-doc loans that require more documentation. Also called low-doc loan. See also NINA loan.