Low Doc Home Loan - The Rock Building Society - Lo Doc LOC

Comparison Rate	7.31%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,356.22
Total Amount Paid Est.	$493,080
Establishment Fee	$600.00

7.19%

Target Market
Self-employed or full-time investors only for purchases.

Acceptable Income
Income Declaration required for Self Employed borrowers. Confirmation of Income will be confirmed. Two Years ABN minimum and registered GST income >$75K 12 months recent BAS statements required.

Home Loan Loan Term
Maximum loan term 30 years.

Home Loan Loan Size
Minimum $50K. ,
Maximum $1M (single security) subject to LMI Criteria.

Home Loan Repayment Type
Interest Only. ,
10 years interest only then converting to 15 years or 20 years P&I.

Repayment Options
Weekly, Fortnightly or Monthly payments

Extra Repayments
Additional repayments permitted.

Split Loan Facility
Loans can be split up to six splits.

Offset
Up to 6. ,
$12 monthly account keeping fee.

Redraw Facility
Not applicable.

LVR for Low Doc Home Loan - The Rock Building Society - Lo Doc LOC

Owner Occupied & Construction Maximum LVR 80%. ,
Residential Investment Maximum LVR 80%. ,
For loans up to $500,000: Up to 80% for purchases and refinances.

Fees for Low Doc Home Loan - The Rock Building Society - Lo Doc LOC

Application Fee $600 (includes the valuation of one security property) ,
Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee). ,
Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments ,
Release Fee:$380. ,
Switch Fee:$250. ,
Monthly Account Keeping Fee $5 per month ,
Variation Fee $275 plus documentation cost $110. ,
Cheques written - $0.75 per cheque. ,
ATM $0.50 EFTPOS $0.65 ,
All Deferred Establishment Fees: ,
Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater). ,
Year 3 minimum $1,200 or 0.20% (whichever is greater). ,
Year 4 minimum $900 or 0.15% (whichever is greater). ,
(Calculated on the approved loan amount). ,
Plus deferred LMI if original LVR was less than or equal to 80% or $500K.