Low Doc Home Loan - St George Bank - Lo Doc Portfolio 5 yr fixed

Comparison Rate	7.27%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,452.22
Monthly Payment Est.	$1,287.28
Total Amount Paid Est.	$480,090
Establishment Fee	$750.00

7.89%

Target Market
Borrowers, who are self-employed, experience uneven cash flows or have their personal and business income and expense records combined who may find it difficult to meet a bank’s standard application requirements. Self employed borrowers who have been operating their business for two or more years.

Acceptable Income
Self employed min 2 years. GST registration required for a minimum of 12 months. ,
Fully verified PAYG borrowers only acceptable when applying in conjunction with Self Employed applicants. ,
Low Doc Affordability Statement is to be signed by the customer and returned to the Bank with the Application Form. ,
Applications must be supported by Business Activity Statements (BAS) for last 12 months and last statement being no more than 4 months old at the date of application.

Home Loan Loan Term
Evergreen ( No Term)

Home Loan Loan Size
Minimum: $10K ($2,000 for each sub-account) ,
Maximum loan amount $1 million when LVR exceeds 60% ,
Maximum loan amount $1.5 million when LMI required. ,
Maximum loan exposure $3 million when no LMI required.

Home Loan Repayment Type
Interest Only Variable and 1, 3 & 5 Years Fixed Rates.

Repayment Options
Borrowers are required to make minimum monthly repayments on all Low Doc subaccounts. ,
The minimum repayment is the total of interest, fees and charges and is shown on the monthly sub-account statement. ,
The minimum repayment must be paid by the due date (which is the last ,
banking day of the month after the month covered by the statement). ,
A minimum repayment for a Low Doc sub-account cannot be paid from that Low Doc subaccount or by drawing a cheque on that Low Doc ,
sub-account. A transfer between Low Doc sub-accounts may be used ,
to make a repayment, and these may be processed via a request for ,
periodical payment or automatic funds transfer.

Extra Repayments
Permitted principal reductions of $10,000 for each 12 month period of the fixed rate period.

Split Loan Facility
Not applicable for this product. Sub Accounts may be added as required up to 10 sub accounts.

Offset
Principal Reduction will reduce debt therefore reduces interest charged on debit loan amount

Redraw Facility
Borrowers can draw back up to approved limit on variable rate sub-accounts only.

LVR for Low Doc Home Loan - St George Bank - Lo Doc Portfolio 5 yr fixed

Self Employed ,
Owner Occupier Maximum LVR 80% ,
Investment Maximum LVR 80% ,
Refinance Maximum LVR 80% ,
Debt Consolidation Maximum LVR 80% ,
Construction N/A ,
PAYG Maximum LVR 70% ,
Land Maximum LVR 60 % ,
FASTRefi® is a process that allows settlement for refinancing of residential loans to be completed within days of the customer signing the loan documents. For more information on this service contact your broker support centre Mortgage Central on 1300 137 532.

Fees for Low Doc Home Loan - St George Bank - Lo Doc Portfolio 5 yr fixed

Establishment Fee $750 (plus $100 for each additional sub-account after the primary subaccount) ,
Applicants have an option to choose to pay one annual fee for up for up to 10 sub accounts or pay a monthly fee ,
Annual Fee $250 or ,
Administration Fee:$17 per month ,
Settlement/Lodgement Fee:$ 100 per sub account (Fee displayed as Mortgage Preparation ) ,
Additional Valuations:$0 Valuers travelling allowance payable by customer. ,
Additional security fee $100 ,
No Annual Review Fee or Unused Limit/Line Fee ,
Increase Fee $500 ,
Switch Fee $500 ,
Rate Lock Fee 0.15% of the loan amount or $500 whichever is higher) ,
Consent to Subdivision $350 ,
Substitution of Security $350 ,
Renegotiation $500 ,
Discharge of Mortgage Fee $500 ,
Discharge Settlement Processing Fee $100 ,
Arrears Letter Fee $50 ,
Early Termination Fee:$1,000 if loan discharged in the first 3 years, Negotiable Rate on sub accounts. ,
Switching Fee $500 ,
Split Fee $150 ,
Refer to Fee Guide in Lender Manual Folder for full list of the fees.