No Doc Loan

No Doc

 

Description : Designed for PAYG applicants who whish to only to borrow a maximum of up to <70% L.V.R. Where applicants do not provide information on income,assets or liabilities, but sign a declaration confirming your ability to repay the loan,

 

Loan Amount - Minimum $50,000
Loan Amount – Maximum $1,000,000
Rate Type Variable
Repayments Principal and Interest or Interest Only
Monthly or Fortnightly or Weekly
Direct Debit or Salary Credit
Lump Sum Payments Yes ( Electronic Only )
LVR – Maximum 70%
Employment At least one applicant must be employed PAYG.
Loan Term Minimum 15 years
Maximum 30 years
Redraw Available Yes
Split Loan Available Yes
Lenders Mortgage Insurance Payable by the customer
Fees - Monthly Fee
- Application Fee
- Settlement Fee
- Lenders Legal's
$Nil
$600 (inc. valuation fee for one security)
$379.50
T.B.A