Low Doc Home Loan - RAMS - 3 yr fixed Low Doc

Comparison Rate	7.59%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,459.17
Monthly Payment Est.	$1,374.77
Total Amount Paid Est.	$502,219
Establishment Fee	$595.00

7.94%

Target Market
Savvy customers who want a flexible fixed rate Low Doc loan. ,
Business purpose loans, loan amount and LVR restrictions apply refer separate guidelines.

Acceptable Income
Self employed minimum of 2 years; must complete the A&L statement and signed self certification. ,
Mortgage Insured Self Employed minimum > 60% LVR two (2) years in same business <= 60% LVR one (1) year in same business. ,
Non Mortgage Insurance Self Employed minimum <= 60% LVR one (1) year in same business. ,
ABN registration for all Self employed applications. ,
GST Registration ,
No Min GST but if registration is in proximity or as result of loan application satisfactory explanation required Not required if declared Business income is < $75K . ,
If declared Income is > $75K and No ABN or GST Registration, then confirmation letter from Applicant’s accountant is required in regards to why GST registration is not applicable. ,
All Low Doc Applications: must be supported by Business Activity Statements (BAS) for the past 12 months and ATO Lodgement Reference Number And last 3 months accounting statements evidencing payment of tax as advised on the BAS.

Home Loan Loan Term
1, 2, 3, 4, 5 and 10 yr fixed term.

Home Loan Loan Size
Minimum $25K. ,
Maximum: $1,000,000

Home Loan Repayment Type
Fixed 1 to 5 & 10 year ,
Principal and Interest & Interest Only term 1 - 5 years & 10 yrs (NB. 10 yrs IO for Investment purpose only & IO can not be less that fixed term)

Repayment Options
Weekly, fortnightly or monthly. ,
Available as an interest only or principal and interest option. ,
Available for accelerated payments.

Extra Repayments
Extra Repayments may be made at any time up to $25,000 in total during the fixed rate period. No minimum.

Split Loan Facility
Available at anytime minimum of $25k.

Offset
Not available.

Redraw Facility
Redraw $10 Fee. Minimum redraw amount $1000.

LVR for Low Doc Home Loan - RAMS - 3 yr fixed Low Doc

Owner Occupied Maximum LVR 80% ,
Investment Maximum LVR 80% ,
Construction Maximum LVR 80% ,
Refinancing Maximum LVR 80% ,
Debt consolidation Maximum LVR 80%

Fees for Low Doc Home Loan - RAMS - 3 yr fixed Low Doc

Application Fee $395. ,
Valuation Fee $200. ,
Discharge Fee $295 plus legals. ,
Loan Settlement Fee $300 (shown as Mortgage Prep Fee). ,
Account Servicing Fee (displayed as Annual Fee): $120 p.a. ,
Redraw Fee $10 ,
Early payout: Years 1-3: 1% of the original loan amount. Plus Break costs for fixed period ,
Fixed Rate Lock-in Fee = 0.15% of credit limit available at application