Low Doc Home Loan - RAMS - SE Pro Pack 1 >$250K 60 Option

Comparison Rate	5.83%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,146.90
Total Amount Paid Est.	$422,515
Establishment Fee	$595.00

5.59%

Target Market
Customers who are unable to disclose their full income details and are seeking minimum amount of paperwork and fuss at a Pro pack rate. ,
This includes people with irregular income streams like self employed individuals. ,
They must have a clear credit history, substantial equity and the ability to service their loan payments.

Acceptable Income
Self employed minimum of 2 years; must complete the A&L statement and signed self certification. ,
Low Doc Self Employed applications to provide ABN number and registration to cover stated minimum term of self-employment (min. 2 years or 12 months). GST registration required where income > $75K. Where the GST and ABN registrations do not match, applicant will need to show that the income declared is consistent over the period stated). ,
All Low Doc Applications: must be supported by Business Activity Statements (BAS) for the past 12 months and ATO Lodgement Reference Number And last 3 months accounting statements evidencing payment of tax as advised on the BAS.

Home Loan Loan Term
Maximum loan term 30 years

Home Loan Loan Size
Minimum Loan - $250K & $500k ,
Maximum: depending on LVR, mortgage insurer and postcode.

Home Loan Repayment Type
Principal and Interest and Interest Only up to a total of 5 years..

Repayment Options
Weekly, fortnightly, Monthly payment frequencies on any nominated day. ,
Available as an interest only option or principal and interest option.

Extra Repayments
Yes. No Minimum

Split Loan Facility
Available at anytime (minimum = $50K).

Offset
No.

Redraw Facility
Yes, No min ,
Redraw fee = Nil.

LVR for Low Doc Home Loan - RAMS - SE Pro Pack 1 >$250K 60 Option

Owner Occupier Maximum LVR60% ,
Investment Maximum LVR 60% ,
Construction Maximum LVR 60% ,
Refinance Maximum LVR 60% ,
Land LVR 60% ,
Debt Consolidation Maximum LVR 60%

Fees for Low Doc Home Loan - RAMS - SE Pro Pack 1 >$250K 60 Option

Application Fee $395. ,
Valuation Fee $200. ,
Additional Valuation Fee $220 ,
Loan Settlement Fee $300 ,
Account Keeping Fee (displayed as Annual Fee) Single loan $300/2-4 loans $150 per loan/5 or more loans $100 per loan (based on total number of RAMS Pro Packs held by customer) ,
Loan Switching Fee $295 ,
Discharge Fee $295 plus legals. ,
Early Repayment Fee Year 1-3: 1% ,
Early Repayment Refund to customers that settle a new loan within 6 months of incurring the ERF on their original closed RAMS loan. ,
Conditions apply refer to BDM for further details. ,
ATM, EFTPOS Cheque access 15 Free Transactions across all access methods ,
Loan FixingFee $295 post settlement only ,
Construction Low Doc policy ,
At Completion Valuation cost now $0 (previously $220). ,
Full council approval plans required before progress payments can be made. RAMS must be noted on the Clients Home Insurance policy. ,
Customers who convert their current loan to a construction loan will not be charged the $295 Conversion Fee. A Conversion Fee is payable if changes are made such an increase or a change of product.