| Home Loan Lender |
 |
Police and Nurse Credit Society Home Loan |
|
| Home Loan Product Name |
Low Doc Home Loan |
| Interest Rate |
7.67% |
Comparison Rate
Estimated |
7.78% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,066.34 |
Total Paid
Estimated |
$386,410 |
| Establishment Fee |
$850.00 |
| Enquire/Apply |
 
|
| Target Market |
A Low Doc Home Loan suitable for self employed members only, who have insufficient proof of their income (such as those with irregular streams of income). Lending secured by mortgage over residential property with competitive variable interest rates. |
| Acceptable Income |
Must sign a declaration of income.
,
ABN required for 2 years. |
| Loan Term |
Minimum 5 years.
,
Maximum 30 years.
,
Interest only, maximum 5 years. |
| Loan Size |
Minimum - $20,000.
,
Maximum - $600,000 against developed residential property (including construction) and $350,000 against residential vacant land. |
| Repayment Type |
Principal & Interest .
,
Interest Only maximum 5 years. |
| Repayment Options |
Weekly, Fortnightly or monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Not Available. |
| Offset |
Available on owner Occupier only. |
| Redraw Facility |
Minimum $2,000. |
| LVR |
Owner Occupier Maximum LVR 80%.
,
Investment Maximum LVR 80%. |
| Fees |
Application Fee $850
,
Account Keeping Fee $5.00 per month.
,
Early payout: $750 (Payable if loan is repaid in full within the first three years. Does not apply if member changes to another PNCS product, however a switch fee may apply). |
| Enquire/Apply |
|