LOW DOC REFINANCE UP TO 90% LVR
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.
Low Doc Loans for Refinancing of Residential Property.
|If you are self employed and you do not have up to date company or personal tax returns then a low doc loan may be the right solution for your lending needs if you are purchasing a residential property.
The main documents that we will accept that can be used to verify your income are:
You must have an ABN that has been registered (and possibly GST registered if income is over $75,000) Most Lenders require ABN to be registered for 2 years. We have lenders that will accept an ABN registered for only 6 months.
|Loan purpose||Residential or Rural Residential (up to 25 acres)|
|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||90% in high population areas (capital Cities and Major Regional Towns with populations over 10,000 people|
|Credit history||Past credit impairment can be considered at higher rates and fees|
|Minimum loan size||$100,000|
|Maximum loan sizes||
|Acceptable Applicants||Individuals, Companies and Trusts|
|Discharged Bankrupts or Part 9 or 10||Yes at higher rate from 1 Day discharged|
|Cash Out||Unlimted Cash out to maximum 80% LVR for all acceptable purposes including business 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 90% 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.