NO DOC LOANS
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.
No Doc Loans for Commercial and Residential zoned Property.
|If you are borrowing in a Company or a Trust you can apply for a No Doc Loan for Commercial Purposes. This type of loan is known as an asset lend because the lender is primarily relying on the value and sale ability of the security. You can use the funds from the loan for commercial property investment purposes, equity out for investment in shares or for business purposes including working capital, development finance, land banking, development sites and land subdivision.
If the purpose of the loan is regulated under the National Consumer Credit Protection Act (NCCP) then this loan is not available.
|Loan purpose||Commercial and Residential Zoned Properties or Vacant Land for Business Purposes.|
|Loan term||1 > 3 years.|
|Interest type||Fixed rate|
|Repayment type||Interest Only|
|Repayment options||Capitalised up to Maximum LVR|
|Available for Property Developers and Non Residents.||Yes|
|Maximum Loan to Value||Up to 75% LVR for Residential and up to 65% LVR for Commercial properties in high population areas (Capital Cities and Major Regional Towns)
Up to 55% LVR for Vacant Land in high population areas (Capital Cities and Major Regional Towns)
|Credit history||Past credit impairment can be considered at higher rates and fees|
|Minimum loan size||$250,000|
|Maximum loan sizes||$100,000,000|
|Acceptable Applicants||Companies and Trusts|
|Annual Reviews||No Annual Reviews|
|Cash Out||Unlimited Cash out to maximum LVR’s|
|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.