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

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The Rock Building Society
Comparison Rate 7.66%
Amount $200,000
Term 30 years
Monthly Payment Est. $1,410.78
Total Amount Paid Est. $510,360
Establishment Fee $600.00

6.99%

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Loan Features for The Rock Building Society - Lo Doc LOC 1 yr fixed
Self-employed or full-time investors only for purchases.

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 required.

Home Loan Loan Term
Maximum loan term 30 years.

Home Loan Loan Size
Minimum $50K.
Maximum $1M (single security) subject to LMI Criteria.

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Home Loan Repayment Type
Interest Only.
10 years interest only then converting to 15 years or 20 years P&I.

Repayment Options
Weekly, Fortnightly or Monthly payments

Extra Repayments
Additional repayments permitted.

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Split Loan Facility
Loans can be split up to six splits.

Offset
Up to 6.
$12 monthly account keeping fee.

Redraw Facility
Not applicable.


LVR for Low Doc Home Loans - The Rock Building Society - Lo Doc LOC 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.

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Fees for Low Doc Home Loans - The Rock Building Society - Lo Doc LOC 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
Release Fee:$380.
Switch Fee:$250.
Monthly Account Keeping Fee $5 per month
Variation Fee $275 plus documentation cost $110.
Cheques written - $0.75 per cheque.
ATM $0.50 EFTPOS $0.65
All Deferred Establishment Fees:
Year 1 or Year 2 minimum $1,500 or 0.25% (whichever is greater).
Year 3 minimum $1,200 or 0.20% (whichever is greater).
Year 4 minimum $900 or 0.15% (whichever is greater).
(Calculated on the approved loan amount).
Plus deferred LMI if original LVR was less than or equal to 80% or $500K.

 
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The comparison rate applies only to $200,000 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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