Self Employed and Low Documentation Loans
Self employed customers are required to provide two years business and personal figures. A Low Documentation (Low Doc) Home/Investment Home Loan is designed to suit self-employed customers who do not have up-to-date Financial Statements available.
Features and Benefits
Loan Purpose
• Owner Occupied Housing and investment including purchase of vacant land;
• Construction;
• Refinance including debt consolidation;
• Personal and investment purposes;
• Off the Plan purchases.
Features
• Weekly, fortnightly or monthly repayments.
• Repayment Redraw
• Lump sum repayments are allowed
• Portability
• Choose a fixed rate period from 1, 2, 3, 4, 5, 7, 10, 15 or 25 years
• Partial Mortgage offset facility
Benefits
• Interest calculated daily and charged monthly
• Repay your home loan off faster
• Ability to repay lump sums (limits apply)
• Structure repayments weekly, fortnightly or monthly
• Reduce monthly payments with a loan term up to 30 years.
• Make additional repayments to pay off their loan sooner and save on interest.
• Repayment Redraw (re-borrow payments in advance back off the home loan)
• Payment methods via Internet Banking, Telephone Banking, ATMs, EFTPOS and Branches.
• Portability – move your home loan to your next home purchase
• Interest Only - make interest only payments for a period of 1, 2, 3, 5, 7, 10 or 15 years.
• Repayments can be automatically deducted from any nominated banking account
At a Glance
• Minimum – $10,000
• Maximum – No Maximum
• Term – up to 30 years
• Security of monthly payment amount
• Lower ongoing fees
