Low Doc Home Loan - RAMS - Line of Credit SE Pro Pack 1>$150<$250K

Comparison Rate	6.13%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,184.99
Total Amount Paid Est.	$436,195
Establishment Fee	$595.00

5.89%

Target Market
Customers who are unable to disclose their full income details and are seeking minimum amount of paperwork and fuss at a Pro pack rate. ,
This includes people with irregular income streams like self employed individuals. ,
They must have a clear credit history, substantial equity and the ability to service their loan payments.

Acceptable Income
Self employed minimum of 2 years; must complete the A&L statement and signed self certification. ,
Mortgage Insured Self Employed minimum > 70% LVR two (2) years in same business <= 70% LVR one (1) year in same business. ,
Non Mortgage Insurance Self Employed minimum <= 70% 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
Maximum loan term 30 years

Home Loan Loan Size
Minimum Loan - $250K & $500k ,
Maximum Loan $499,999 & ,
<=60%LVR: $1.5m ,
>60%LVR <=80%LVR: $1m

Home Loan Repayment Type
Principal and Interest and Interest Evergreen Line of Credit

Repayment Options
Weekly, fortnightly, Monthly payment frequencies on any nominated day. ,
available as an interest only option or principal and interest option.

Extra Repayments
Yes. No Minimum

Split Loan Facility
Available at anytime (minimum = $50K).

Offset
No.

Redraw Facility
Yes, No min ,
Redraw fee = Nil.

LVR for Low Doc Home Loan - RAMS - Line of Credit SE Pro Pack 1>$150<$250K

Owner Occupier Maximum LVR 80% ,
Investment Maximum LVR 80% ,
Refinance Maximum LVR 80% ,
Land LVR N/A ,
Debt Consolidation Maximum LVR 80%

Fees for Low Doc Home Loan - RAMS - Line of Credit SE Pro Pack 1>$150<$250K

Application Fee $395. ,
Valuation Fee $200 ,
Additional Valuation Fee $220 ,
Loan Settlement Fee $300 ,
Account Keeping Fee (displayed as Annual Fee) Single loan $300 ,
2-4 loans $150 per loan ,
5 or more loans $100 per loan (based on total number of RAMS Pro Packs held by customer) ,
Loan Switching Fee $295 ,
Discharge Fee $295 plus legals. ,
Early Repayment Fee Year 1-3: 1% ,
Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan. ,
Conditions apply refer to BDM for further details. ,
ATM, EFTPOS Cheque access 10 Free Transactions across all access methods ,
Loan FixingFee $295 post settlement only ,
Customers who convert their current loan to a construction loan will not be charged the $295 Conversion Fee. A Conversion Fee is payable if changes are made such an increase or a change of product.