| Home Loan Lender |
 |
Suncorp Home Loan |
|
| Home Loan Product Name |
Lo Doc 1yr fixed <$800K |
| Interest Rate |
7.44% |
Comparison Rate
Estimated |
8.04% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,042.67 |
Monthly Payment
Estimated |
$1,094.44 |
Total Paid
Estimated |
$397,428 |
| Establishment Fee |
$600.00 |
| Enquire/Apply |
 
|
| Target Market |
The primary target market is potential borrowers that are well established with a strong asset base that includes hard assets (eg family residence, investment properties, share portfolio) and have moderate gearing and a sound credit history. Low Doc Applications will now be accepted for Personal. Purpose , Investment Purpose and or any combination of both.
,
Companies and Trusts as borrowers. |
| Acceptable Income |
Normal serviceability capacity applies using declared income.
,
LVR 70% and below ABN and GST registration for a minimum of 12 months.
,
Over 70% LVR ABN and GST registration for a minimum of 24 months.
,
Primary income earner must be self-employed.
,
PAYG & Co Borrower minimum 6 months employment. |
| Loan Term |
Principal & Interest Facilities 30years. |
| Loan Size |
Up to $1M where acceptable security is located in an identified. Metropolitan centre, eg. Includes capital cities in all States and
,
Territories.
,
If the LVR is 60% or less, the maximum Suncorp Low Doc loan/exposure level increases to $1.5 million per single property.
,
Total Loan exposure $1.5M (all loans with all banks). |
| Repayment Type |
Low Doc Loan facilities will be available on either Principal & Interest & Interest Only Loans and the Asset Line. |
| Repayment Options |
Repayment options depends on what product is selected by borrower / borrowers.
,
Principal & Interest or Principal and Interest.
,
Fortnightly or Monthly for Principal and Interest.
,
(Monthly for Interest Only). |
| Extra Repayments |
|
| Split Loan Facility |
Yes. |
| Offset |
Yes Offset available on standard variable products. |
| Redraw Facility |
Minimum: $1,000 1 free redraw (via Internet and to Suncorp account) each month $20 fee.
,
Redraw not available on Fixed Rate Loans. |
| LVR |
Owner Occupier Maximum LVR 80%.
,
Investment Maximum LVR 80%.
,
Construction Maximum LVR 80%.
,
Refinance Maximum LVR 80%. - Refinances are only acceptable for prime loans from CBA, NAB, ANZ Westpac and other selected Australian Deposit taking institutions (refer to Suncorp for details)
,
Vacant Land Maximum LVR 80%.
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LVR is calculated on the lower of security purchase of Bank valuation in all cases.
,
No minimum LVR restrictions apply.
,
The maximum available LVR is dependant upon the nature of the security and the type of facility being sought.
,
Principal & Interest with Acceptable residential Security maximum LVR 80%.
,
Asset Line facilities with Acceptable Residential Security Maximum LVR 75%.
,
Stand alone vacant land can be used as security Maximum LVR 80%. |
| Fees |
Standard Fees and charges apply. |
| Enquire/Apply |
|