Low Doc Home Loan - Home Loans Ltd - Hassle Free Monipower LOC <80%

Comparison Rate	7.45%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,376.58
Total Amount Paid Est.	$499,219
Establishment Fee	$499.00

7.34%

Target Market
The Hassle Free Monipower is a Lo Doc Line of Credit loan, which means no supporting evidence of income is required. This is ideal for the self employed and PAYG borrowers. It is a line of credit facility designed for eliminating debt as quickly as possible by making your money work smarter for you. Hassle Free Monipower allows easy access to funds via internet and telephone banking, cheque book, cashcard, ATMs, EFTPOS and giroPost. It also has a linked credit card available with up to 55 days interest free. Salary and other direct credits can be paid directly into the loan. ,
Standard residential loan purposes such as: Purchase of an owner-occupied or investment property, refinance (Owner Occupied refinance only) and loans for business purposes up to 20% of the loan amount.

Acceptable Income
One borrower must be self-employed and operating in current business for a minimum of 2 years with GST registration for at least 12 months. Capacity to service reliant on income declaration form. ,
PAYG income borrowers must have been employed with their current employer for a minimum of 6 months or minimum 2 years in the same industry. ,
Any variations or exclusions, please contact your BDM.

Home Loan Loan Term
Principal & Interest: 5-25 years
Interest Only: 1-10 years (after max of 10 years I/O repayments will convert into principal and interest repayments.

Home Loan Loan Size
Minimum: $20K ,
Maximum: ,
up to 80% LVR: $1M ,
up to 60% LVR: $2M

Home Loan Repayment Type
Principal & Interest: 5-25 years ,
Interest Only: 1-10 years (after max of 10 years I/O repayments will convert into principal and interest repayments.

Repayment Options
Weekly, fortnightly and monthly.

Extra Repayments
Additional repayments may be made at any time during the variable rate period.

Split Loan Facility
Available.

Offset
Not available.

Redraw Facility
Available.

LVR for Low Doc Home Loan - Home Loans Ltd - Hassle Free Monipower LOC <80%

Owner Occupied Maximum LVR 80% ,
Investment Maximum LVR 80% ,
Construction Maximum LVR N/A ,
Refinancing Maximum LVR 80% (Owner Occupied refinance only) ,
Vacant Land Maximum LVR N/A ,
Debt consolidation Maximum LVR 80%

Fees for Low Doc Home Loan - Home Loans Ltd - Hassle Free Monipower LOC <80%

Establishment Fee $499 (Application fee includes one standard valuation fee) ,
Mortgage Prep Fee - $465 ( Legal & Loan Processing Fee & Settlement Fee) ,
Valuation Fee Included in Application Fee ,
Additional Contract Fee - $50 ,
Ongoing Fee $150 per annum. ,
Credit Card Fee: $55pa. Card fee waived on unsecured Visa if spend is greater than $12K pa. ,
Redraw Fee: Nil Fees apply if done via telephone and internet banking. Manual fee: $50 ,
Split Fee: $100 pre-settlement ,
Switch Fee: $250 ,
Deferred Establishment Fee: ,
0 -12m = 1.25%; 13-24m = 0.94%; 25-36m = 0.625%; 37-48m =0.31% of approval amount.