Low Doc Home Loans - HomeSide Lending - Lo Doc Plain & Simple |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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HomeSide Lending Home Loan |
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| Home Loan Product Name |
Lo Doc Plain & Simple |
| Interest Rate |
8.89% |
Comparison Rate
Estimated |
8.92% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,195.08 |
Total Paid
Estimated |
$430,500 |
| Establishment Fee |
$300.00 |
| Enquire/Apply |
 
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| Target Market |
Purpose Owner Occupied or Investment.
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Loans for business purposes are not permitted, including:
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loans for working capital; and
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loans to repay solicitors loans; and
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loans to repay directors loans; and
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loans for payment of personal or business tax liabilities.
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Note the Lo Doc option may now be used to refinance solicitors loans where the LVR is less than 60% and it can be proven that the purpose of the loan is
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To purchase a home
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To purchase an investment property
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To refinance a loan for one of these purposes
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For other personal purposes |
| Acceptable Income |
Individual self-employed borrowers who are Australian and ABN for a minimum of two years Citizens/Permanent Residents.
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Available to PAYG borrowers as co-applicants only (PAYG borrowers are subject to normal income verification).
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At least 1 borrower must be self employed
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Documentation required
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The self-employed borrower must provide a signed Customer Declaration Form (CDF) confirming customer income, length of employment and ability to service the loan together with an ABN held for a minimum of 2 years.
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6 months loan statements from current or recently held (within the last 12 months) home loans must be provided for each applicant to the loan. The statements must demonstrate the customer’s ability to satisfactorily service an existing or recent home loan. |
| Loan Term |
As per product selected |
| Loan Size |
Minimum $50K
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LVR < 60%
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Maximum loan amount of $2.5 M
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Maximum aggregate lending of $2.5 M
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LVR > 60% and < 80%
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Maximum loan amount of $1M
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Maximum aggregate lending of $2.5M
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Limited to $600K for Line Of Credit |
| Repayment Type |
As per product selected |
| Repayment Options |
As per product selected |
| Extra Repayments |
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| Split Loan Facility |
As per product selected |
| Offset |
As per product selected |
| Redraw Facility |
As per product selected |
| LVR |
Owner Occupier Maximum LVR 80%
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Investment Maximum LVR 80%
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Construction N/A
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Refinance Maximum LVR 80%
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Vacant Land Maximum LVR 80% maximum loan $1M |
| Fees |
As per product selected.
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$300 Lo Doc Fee which will be incorporated under the one heading of Application Fee.
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Application Fee as per product guide. Lending >$200K Nil. |
| Enquire/Apply |
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| Other Low Doc Home Loans |
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| Other HomeSide Lending Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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