Low Doc Home Loans - The Rock Building Society - Lo Doc 1 yr fixed

This loan is suitable for
Income Declaration required for Self Employed borrowers. Confirmation of Income will be confirmed. Two Years ABN minimum and registered GST income >$75K 12 months recent BAS statements.

Home Loan Loan Term
Maximum term 30 years. (Maximum Interest Only 5 Years)

Home Loan Loan Size
Maximum loan under Lo Doc $1 million to 80% LVR for category 1 in Sydney, Melbourne and Brisbane.
$1 million to 80% with security located in any category 1 and 2 regions (subject to review). This means that we can now increase our lending to this second level in the correct WA postcode.
$600,000 to 65% with security located in any category 3 postcode listing.

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Home Loan Repayment Type
Variable and Fixed.
Principal and Interest.
Interest Only for 5 years.

Repayment Options
Weekly, fortnightly, monthly.
Payments can be made at any time provided require payment is made by due date.

Extra Repayments
Additional repayments permitted.

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Split Loan Facility
Loans can be split up to six splits. $5 monthly account fee applies to the first split only.

Offset
100% Offset Account available for all Lo Doc Loans (up to six per loan including fixed rates, $12 monthly fee applies for each offset)

Redraw Facility
Free unlimited redraw on all loans, including Fixed Rates Loans minimum $1K.

LVR for Low Doc Home Loans - The Rock Building Society - Lo Doc 1 yr fixed

Owner Occupied & Construction Maximum LVR 80%.
Residential Investment Maximum LVR 80%.
For loans up to $500,000: Up to 80% for purchases and refinances.
Vacant Land $350k to 80% (GE) or $500k to 80% (PMI)

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Fees for Low Doc Home Loans - The Rock Building Society - Lo Doc 1 yr fixed

Application Fee $600 (includes the valuation of one security property)
Additional Valuation Fee $275. (To the value of $1 million the Valuation Fee will be added to the Application Fee).
Progress Inspection Fee $125. This fee is charged for each of the first and final builders payments
Account Keeping Fees $5 per month
Release Fee:$380.
Switch Fee:$250.
Cheques written - $0.75 per cheque.
ATM withdrawal - $0.50.
EFTPOS $0.65.
All Deferred Establishment Fees: If the loan is fully repaid within:
Y1 or Y2 - minimum $1,500 or 0.25% (whichever is greater).
Y3 - minimum $1200 or 0.20% (whichever is greater).
Y4 - minimum $900 or 0.15% (whichever is greater).
(Calculated on the approved loan amount).
Plus deferred LMI premium.