Lo Doc

Overview
Loans allow you to take advantage of any equity you have in your home by setting a loan limit and giving you access to the funds for whatever you want them for. Most lenders require an interest only repayment based on the outstanding balance.
Target
Individuals (PAYG or self-employed), Companies, Partnerships or Trusts
Loan Purpose
Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment. facility Must be regulated by the UCCC (Split loans available up to four(4) accounts to a minimum of 10,000)

Loan Features	Split Loans available up to four (4) accounts to a minimum of 10K
Loan Products	All facility included line of credit
Minimum Loan Size	$50k (Subject to the loan scenario and to the LVR) Double security
Maximum Loan size	$3,000,000 per applicant (Subject to the loan scenario and to the LVR) Single security
Loan to Value Ratio	• Insured • 80% for loans up to $1,000,000 – metro areas of Australia • 80% for loans up to $750,000 – regional areas of Australia • 80% for loans up to $500,000 – Australia wide • There is an option for the Lender to pay LMI premium for loans up to $1,000,000. • Uninsured • 80% LVR for loans up to $500,000 – metro, regional and country areas of Australia • 80% LVR for loans from $500,001 to $1,000,000 – metro areas of Australia • 75% LVR for loans from $500,001 to $750,000 – regional areas of Australia • 70% LVR for loans from $750,001 to $1,000,000 – regional areas of Australia • 65% LVR for loans from $1,000,001 to $1,500,000 – metro and regional areas of Australia • 65% LVR for loans from $1,500,001 to $2,000,000 – metro areas of NSW, ACT, Vic, Qld, SA and WA • 60% LVR for loans from $2,000,001 to $3,000,000 – metro areas of NSW and Vic
Minimum Loan Terms	Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs Fixed Rates from 1year to 15 years and (P&I thereafter) to 40 yrs
Maximum Loan Terms	40 years Principal & Interest
Loan Repayment Frequency	Weekly, twice monthly or monthly, day and date can be nominated
Security Type	Residential vacant land and rural residential being occupier \ investment
Redraw Available	Yes
Split Loan Available	Yes
Dynamic Repayment	Yes
Additional Repayment	Principal reductions accepted with minimum of $5,000 each time on the principal part if any
Loan statements	Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).
Documentation Required	Subject to the loan purpose, please call 1300 790 909 for more details
Financial Information	Borrowers who can demonstrate serviceability with up to date detailed financial statements covering the last 12 months
Qualifying Interest Rate	Please call our consultant on 1300 790 909 for more details
Other Conditions	Lo Doc & Uninsured Borrowers must be self employed or an Investor , has an ABN number and registered for GST and in business for the past 2 years for (Lo doc Loans)