Low Doc Home Loans - Adelaide Bank - SmartDoc Home Loan

This loan is suitable for
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

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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

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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 Loans - 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%

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

Application Fee $595 (Go Between incurs an additional $200)
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