Low Doc Home Loan - Police and Nurse Credit Society - Low Doc Home Loan

Comparison Rate	7.62%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,399.80
Total Amount Paid Est.	$506,818
Establishment Fee	$1,018.00

7.51%

Target Market
A Low Doc Home Loan suitable for self employed members only, who have insufficient proof of their income (such as those with irregular streams of income). Lending secured by mortgage over residential property with competitive variable interest rates.

Acceptable Income
Must sign a declaration of income. ,
ABN required for 2 years.

Home Loan Loan Term
Minimum 5 years.
Maximum 30 years.
Interest only, maximum 5 years.

Home Loan Loan Size
Minimum - $20,000. ,
Maximum - $600,000 against developed residential property (including construction) and $350,000 against residential vacant land.

Home Loan Repayment Type
Principal & Interest . ,
Interest Only maximum 5 years.

Repayment Options
Weekly, Fortnightly or monthly.

Extra Repayments
Additional repayments are allowed.

Split Loan Facility
Not Available.

Offset

Redraw Facility
Minimum $2,000.

LVR for Low Doc Home Loan - Police and Nurse Credit Society - Low Doc Home Loan

Owner Occupier Maximum LVR 80%. ,
Investment Maximum LVR 80%.

Fees for Low Doc Home Loan - Police and Nurse Credit Society - Low Doc Home Loan

Fees are added to loan amount ,
Establishment fee $850 ,
Settlement Fee $168 ($110 registration of mortgage (varies per state), title search $32 and title search admin fee $26) ,
Establishment Fee plus Settlement Fee is shown as Establishment Fee ,
Documentation Fee $500 (not including WA) - shown as Preparation Fee ,
Monthly fee applies only when there is no offset $5, with offset $8 ,
Early payout $750 (Payable if loan is repaid in full within the first three years. Does not apply if member changes to another PNCS product, however a switch fee may apply). ,
Valuation Fee is covered in the Establishment/Application Fee. Any additional valuation fees are charged as below: ,
Metro: ,
Property value $0 - $1M - $210 ,
Property value $1M+ - $440 ,
Property value $1.5M+ - at cost ,
Non Metro: ,
Property value $0 - $1M - $440 ,
Property value $1M+ - at cost ,
Opening any Savings Account or Lending Product required to purchase a $10 share per member/person.