Low Doc Home Loan - Adelaide Bank - SmartDoc Home Loan

Comparison Rate	6.97%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,315.86
Total Amount Paid Est.	$477,360
Establishment Fee	$0.00

6.89%

Target Market
SmartDoc provides an option for self-employed, and in some cases, PAYG borrowers. SmartDoc loans are available for a wide range of purposes and do not require proof of income. By completing an income declaration, borrowers can access a fully-featured home loan with all the benefits of a transactional 100% offset account and none of the usual hassles associated with providing pay slips and tax returns.

Acceptable Income
Self Employed or PAYG (as per lending guidelines)

Home Loan Loan Term
Minimum 5 years
Maximum 30 years

Home Loan Loan Size
Minimum loan amount $10K ,
Maximum loan amount $2M subject to LMI

Home Loan Repayment Type
Principal and Interest or Interest Only ,
Interest Only for up to 10 years ,
Variable rate (SmartDoc) with 100% offset ,
Fixed rates for 3 or 5 years (SmartDoc) with 100% offset

Repayment Options
Weekly, fortnightly or monthly repayments (principal and interest) ,
Monthly repayments (interest only)

Extra Repayments
Variable rate - Extra repayments may be made at any time without penalty ,
Fixed rate - Up to $20K p.a. above normal repayments may be made without penalty ,
Funds can be easily transferred from the offset balance to the loan portion via Online Banking or phone banking ,
There is no maximum deposit to offset portion

Split Loan Facility
Split your loan into more than one portion. ,
An additional $100 loan application fee applies per split.

Offset
Yes, 100 % offset on both fixed and variable rates

Redraw Facility
Free online/phone banking redraws. Manual redraw requests - $50. ,
Minimum redraw amount $500.

LVR for Low Doc Home Loan - Adelaide Bank - SmartDoc Home Loan

Owner Occupied Maximum LVR 80% + LMI capitalisation ,
Investment Maximum LVR 80% + LMI capitalisation ,
Construction Maximum LVR 80% + LMI capitalisation ,
Refinancing Maximum LVR 80% + LMI capitalisation ,
Debt consolidation Maximum LVR 80% + LMI capitalisation ,
PAYG Applicants Maximum LVR 60%

Fees for Low Doc Home Loan - Adelaide Bank - SmartDoc Home Loan

Application fee $595 (Additional $200 will apply for Go-Between loans). ,
(Nil Application Fee Offer available from 6th October - refer to Special Offers for details) ,
Settlement fee $100 (Fee displayed as Mortgage Preparation) ,
Funds disbursement fee $15 ,
Additional fees are payable if you have more than one security property, require the support of a guarantor or are taking a Go-Between bridging finance option. ,
Administration fee $10 per month ,
Credit increases Available $175 credit increase fee and $150 security handling fee applies. ,
Note: Minimum credit increase amount $10K. Not available during fixed rate periods ,
Deferred Establishment Fee ,
0 - 12 months 0.70% of loan amount as contract date ,
13 - 24 months 0.53% of loan amount as contract date ,
25 - 36 months 0.35% of loan amount as contract date ,
37 - 48 months 0.18% of loan amount as contract date ,
Discharge Admin fee $325 ,
Break Costs fee may be payable in certain circumstances refer to lender for further details. ,
Transaction fees: ,
The account is entitled to monthly allocation of $10 of the transaction fees detailed below, Note: The balance of any unused allocation will not carry forward to the next month. ,
Free: ,
- Express Line and Adelaide Bank Online transfers ,
- Direct Debits ,
- Cheque deposit items (other than cheques deposited at Bank@Post) ,
- BPAY payments ,
$2.00 for each transaction detailed below: ,
- EFTPOS facility transactions ,
- Bank@Post withdrawals ,
- Branch withdrawals and transfers