Low Doc Home Loans - Suncorp - Lo Doc 1yr fixed <$800K

This loan is suitable for
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.

Home Loan Loan Term
Principal & Interest Facilities 30 years.

Home Loan 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).

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Home Loan 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
Permitted no limitations (variable rate products).
Standard Deferred Establishment Fees apply on Fixed rate maximum extra payments of $500 per month without penalty.

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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 for Low Doc Home Loans - Suncorp - Lo Doc 1yr fixed <$800K

Owner Occupier Maximum LVR 80%
Investment Maximum LVR 80%.
Construction Maximum LVR 80% - existing customers only
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)
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%.

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Fees for Low Doc Home Loans - Suncorp - Lo Doc 1yr fixed <$800K

Standard Fees and charges apply.