Low Doc Home Loan - Westpac - Lo Doc Rocket Repay Investment

Comparison Rate	7.10%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,331.95
Total Amount Paid Est.	$483,000
Establishment Fee	$600.00

7.01%

Target Market
Rocket Investment is a fully featured variable investment loan with an offset feature. It is a loan used to buy, construct or refinance residential real estate for investment purposes.

Acceptable Income
Self Employed with 2 years tax returns (including Current year) and financials to be supplied, salary and wage earner ,
Lo Doc Applications: must be supported by 12 months worth of Business Activity Statements (BAS) and the end of latest BAS activity period no more than 4 months prior to the the first formal application submission date. ,
Following Documents can be used to comply with the BAS requirement: ,
- Completed ATO BAS templates ,
- Completed BAS created vis Accountant's software ,
- BAS printouts/summaries from the Tax Agent Portal or the Tax Office ,
Low Doc Loans must be supported by: ,
- Copy of the Australian Business Registration certificate generated at the time of ABN registration or The letter issued by Australian Business Register that confirms the ABN registration and accompanies the certificate. ,
ABN registration date was at least 2 years prior to the date of application.

Home Loan Loan Term
Maximum overall loan term is 30 years.

Home Loan Loan Size
Minimum: $25K (Pro Pack Min $150k) ,
Minimum Lo Doc: $25K ,
No Maximum where LVR is <80% on full docs

Home Loan Repayment Type
Principal, Interest and Fees (PIF) or Interest Only (IO) up to 10 years.

Repayment Options
Weekly, Fortnightly or monthly.

Extra Repayments
Additional Repayments: can be made with out charge.

Split Loan Facility
Available as a combination loan.

Offset
100% Offset Account - Free of the monthly service fee.

Redraw Facility
Redraw Facility available if excess funds exist. ($0 Fee) ,
Direct access to loan accounts via cheque, ATM, EFTPOS, Internet Banking, Bpay and branches with unlimited transactions (no excess transaction fees).

LVR for Low Doc Home Loan - Westpac - Lo Doc Rocket Repay Investment

Owner Occupied Maximum LVR: N/A ,
Investment Maximum LVR 97% ,
Construction Maximum LVR 97% ,
Refinance Maximum LVR 90%, ,
Vacant Land Maximum LVR 97% ,
Debt Consolidation Maximum LVR 90% ,
Low Doc Maximum LVR 80%. ,
Please note that the Max LVR of 97% is for existing customers only. ,
Maximum LVR for new customers is 87%.(Refer to 'Special Criteria' for Existing Customer definition) ,
Please refer to 'Lender Manual' for Higher Priced Property LVR Changes
Premier Advantage Package benefits available. ,
Premier Advantage Package fee is $395. ,
Nil Loan maintenance/Annual Service Fee ,
Full Doc Discounts: ,
$150K<$250K 0.40% p.a. ,
>$250K 0.70% p.a. ,
Nil Establishment fee, ,
Low Doc Discounts ,
$150K - < $250K - 0.30% p.a. discount ,
$250K - < $500K - 0.50% p.a. discount ,
$500K+ - 0.70% p.a. discount ,
Reduced Establishment Fee - $355 per loan account

Fees for Low Doc Home Loan - Westpac - Lo Doc Rocket Repay Investment

Establishment Fee: $600 (PAP Full Doc - Nil, PAP Low Doc - $355) ,
Loan Maintenance Fee: $8 ($0 under Premier Advantage) ,
Premier Advantage Package fee: $395 ,
Top Up: $400 ,
Smart Pay: Nil ,
Switching Fees (from other products if available): $300 ,
Progressive Draw Fee: $300 ,
Unlimited Free Transaction on Loan Account ,
Guarantor Fee: $200 ( where a Guarantor is required for the loan). ,
Additional Valuation Fees: ,
Independent valuers, contact lender for quote