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

Comparison Rate	7.26%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,356.22
Total Amount Paid Est.	$490,560
Establishment Fee	$600.00

7.19%

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

Home Loan Loan Term
Maximum term 30 years. (Maximum Interest Only 5 Years)

Home Loan Loan Size
Maximum loan under Lo Doc $1 million to 80% LVR for category 1 in Sydney, Melbourne and Brisbane. ,
$1 million to 80% with security located in any category 1 and 2 regions (subject to review). This means that we can now increase our lending to this second level in the correct WA postcode. ,
$600,000 to 65% with security located in any category 3 postcode listing.

Home Loan Repayment Type
Variable and Fixed. ,
Principal and Interest. ,
Interest Only for 5 years.

Repayment Options
Weekly, fortnightly, monthly. ,
Payments can be made at any time provided require payment is made by due date.

Extra Repayments
Additional repayments permitted.

Split Loan Facility
Loans can be split up to six splits. $5 monthly account fee applies to the first split only.

Offset
100% Offset Account available for all Lo Doc Loans (up to six per loan including fixed rates, $12 monthly fee applies for each offset)

Redraw Facility
Free unlimited redraw on all loans, including Fixed Rates Loans minimum $1K.

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

Owner Occupied & Construction Maximum LVR 80%. ,
Residential Investment Maximum LVR 80%. ,
For loans up to $500,000: Up to 80% for purchases and refinances. ,
Vacant Land $350k to 80% (GE) or $500k to 80% (PMI)

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

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 ,
Account Keeping Fees $5 per month ,
Release Fee:$380. ,
Switch Fee:$250. ,
Cheques written - $0.75 per cheque. ,
ATM withdrawal - $0.50. ,
EFTPOS $0.65. ,
All Deferred Establishment Fees: If the loan is fully repaid within: ,
Y1 or Y2 - minimum $1,500 or 0.25% (whichever is greater). ,
Y3 - minimum $1200 or 0.20% (whichever is greater). ,
Y4 - minimum $900 or 0.15% (whichever is greater). ,
(Calculated on the approved loan amount). ,
Plus deferred LMI premium.