LA TROBE LITE DOC RURAL LOAN
View product matrix below then click on apply if you wish to qualify for this loan and receive a detailed assessment and full cost proposal. We do not charge you a Brokers Fee on this Loan.
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La Trobe Low Doc Loans for Rural Properties |
| It is now a requirement by law to provide some evidence for serviceability, This is largely fuelled by the NCCP responsible lending requirements which has seen the most marked change to the low doc environment. There are a range of different types of evidence that can be provided to justify income stated, including accountants‚ declarations, business activity statements, tax returns and bank statements can all be suitable.
The main documents that this funder will accept that can be used to verify your income are:
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| Loan purpose | Rural Residential or Rural |
| Loan term | 1 > 30 years. |
| Interest type | Variable rate. |
| Repayment type | Principal & interest, or interest-only up to 5 years then principal & interest. |
| Repayment options | Monthly, fortnightly or weekly. |
| Repayment method | Direct debit only. |
| Maximum Loan to | Rural Residential 25 < 100 acres @ 75% LVR Rural Zoning 100 acres or more @ 55% LVR |
| Credit history | Past credit impairment can be considered at higher rates and fees |
| Minimum loan size | $100,000 |
| Maximum loan size | $1,500,000 |
| Acceptable Applicants | Individuals, Companies and Trusts |
| Discharged Bankrupts or Part 9 or 10 | Yes at higher rate |
| Cash Out | Unlimted Cash out to maximum LVR for all acceptable purposes including usiness purposes including payout ATO debts, workingcapital and purchasing business equipment. |
| Current Mortgage Arrears in last 6 months | Can be considered on a case by case |
| Debt Consolidation | Unlimited to Maximum LVR |
*Interest Rates: All rates are subject to change without notice. Please check all rates and terms before applying.
Low Doc loans are designed for the self-employed or small company borrower/s whose financial statements may not be available. Reasons for this may encompass: Their accountant hasn’t completed and lodged their financials.