Low Doc Home Loans - Westpac - Lo Doc Rocket Repay >$500K 0.70% Disc

This loan is suitable for
Self Employed with 2 years tax returns (including current year) and financials to be supplied, salary and wage earner.
Lo Doc Applications: must be supported by 12 months worth of Business Activity Statements (BAS) and the end of latest BAS activity period no more than 4 months prior to the the first formal application submission date.
Following Documents can be used to comply with the BAS requirement:
- Completed ATO BAS templates
- Completed BAS created vis Accountant's software
- BAS printouts/summaries from the Tax Agent Portal or the Tax Office
Low Doc Loans must be supported by:
- Copy of the Australian Business Registration certificate generated at the time of ABN registration or The letter issued by Australian Business Register that confirms the ABN registration and accompanies the certificate.
ABN registration date was at least 2 years prior to the date of application.

Home Loan Loan Term
Maximum overall loan term is 30 years.

Home Loan Loan Size
Minimum: $10K (Pro Pack Min $150k)
Minimum Lo Doc: $25K
No Maximum where LVR is <80% on full docs

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Home Loan Repayment Type
Principal, Interest & Fees.or Interest only up to 10 years.

Repayment Options
Weekly, Fortnightly or monthly.
Reduced Repayment Feature is available on this product.

Extra Repayments
Additional Repayments: can be made with out charge.

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Split Loan Facility
Can be taken as part of a combination.

Offset
100% Offset Account - Free of the monthly service fee.

Redraw Facility
Redraw Facility available if excess funds exist. ($0 Fee)
Direct access to loan accounts via cheque, ATM, EFTPOS, Internet Banking, Bpay and branches with unlimited transactions (no excess transaction fees).

LVR for Low Doc Home Loans - Westpac - Lo Doc Rocket Repay >$500K 0.70% Disc

Owner Occupied Maximum LVR 97%
Investment Maximum LVR N/A
Construction Maximum LVR 97%
Refinance Maximum LVR 90%,
Vacant Land Maximum LVR N/A
Debt Consolidation Maximum LVR 90%
Low Doc Maximum LVR 80%.
Please note that the Max LVR of 97% is for existing customers only.
Maximum LVR for new customers is 87%. (Refer to 'Special Criteria' for Existing Customer definition)
Please refer to 'Lender Manual' for Higher Priced Property LVR Changes
Premier Advantage Package benefits available.
Premier Advantage Package fee is $395.
Nil Loan maintenance/Annual Service Fee
Full Doc Discounts:
$150K<$250K 0.40% p.a.
>$250K 0.70% p.a.
Nil Establishment fee,
Low Doc Discounts
$150K - < $250K - 0.30% p.a. discount
$250K - < $500K - 0.50% p.a. discount
$500K+ - 0.70% p.a. discount
Reduced Establishment Fee - $355 per loan account

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Fees for Low Doc Home Loans - Westpac - Lo Doc Rocket Repay >$500K 0.70% Disc

Establishment Fee: $600 (PAP Full Doc - Nil, PAP Low Doc - $355)
Loan Maintenance Fee: $8 ($0 under Premier Advantage)
Premier Advantage Package fee: $395
Top Up: $400
Smart Pay: Nil
Switching Fees (from other products where available): $300
Progressive Draw Fee: $300 (covers all draws)
Unlimited Free Transaction on Loan Account
All other fees as per Customer Loans Standard Fees and Charges Brochure and Personal Deposit Account Terms and Conditions Brochures
Deferred Establishment Fee $900 will only be charged if a customer closes their loan with Westpac within 4 years of origination for reasons such as re-financing to another institution, selling their property or early
repayment where they request to close their loan. Customers will only be charged one DEF per combination or split facility.
Guarantor Fee $200.