Our Home Loan and Mortgage Products
LO DOC LOANS
A great loan if you are self-Employed and don't have your financials up to date. Borrow up to 80% of the value of your property. It is available as a fully featured Lo-Doc loan which includes unlimited free redraws, salary crediting and flexible repayment options.
This could be the perfect loan for you if you are:
- Self-employed and your financials aren't up to date
- Self-employed and you don't want to supply your financials
Features include:
| Loan amounts |
Minimum Loan of $50,000. Maximum loan of $1,500,000 (more with special approval). |
| Interest rate type |
Variable rate only. |
| Term |
10 to 30 years. |
| Repayment type |
Principal and Interest (amortising) or Interest only up to 5 years. |
| Combination and splits |
Can split up to 4 accounts (will consider more) or combine with other Lo-Doc loan. |
| Repayment options |
Direct Debit either Monthly or Fortnightly for P & I Loans.
Direct Salary Crediting Monthly, Fortnightly and also Weekly. Monthly only for Interest Only loans. Internet or telephone transfers from pre-nominated account for additional repayments. |
| Additional repayments |
Allowable with no limit. |
| Redraw facility |
No minimum redraws via Internet or telephone banking to pre-nominated account (not available on interest only accounts). |
| Withdrawals |
Cash withdrawals not available other than electronic transfers as above. |
| Salary crediting |
Yes. |
| Ability to switch |
Can switch to 'non' Lo-Doc products by applying with full income verification, $125 fee applies. |
| Statement issued |
Quarterly. |
| Deferred Establishment Fee |
During year 1 1.00% of original loan amount
During year 2 0.80%
During year 3 0.60%
During year 4 0.40%
During year 5 0.20%
Year 6 onward 0.00% |
| Other Fees |
None. |
| Substitution |
Can substitute security within loan limit. |