Easy Doc

 

Overview
Loans allow you to take advantage of any equity you have in your home by setting a loan limit and giving you access to the funds for whatever you want them for. Most lenders require an interest only repayment based on the outstanding balance.

Target
Self-employed Companies, Partnerships or Trusts or full-time investors and are unable to provide extensive financial statements or taxation returns No minimum period of self-employment is required

Loan Purpose Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment. facility Must be regulated by the UCCC (Split loans available up to four(4) accounts to a minimum of 10,000)
Loan Features Split  Loans available up to four (4) accounts to a minimum of 10K
Loan Products All facility included line of credit
Minimum Loan Size  $50k (Subject to the loan scenario and to the LVR) Double security
Maximum Loan size $2,00,000 (Subject to the loan scenario and to the LVR) Single security
Loan to Value Ratio Insured
70% LVR for loans up to $1,000,000 – metro areas of Australia
70% LVR for loans up to $500,000 – Australia wide
There is an option for us to pay LMI premium for loans up to $1,000,000.
Uninsured
65% LVR for loans up to $500,000 – metro, regional and country areas of Australia
60% LVR for loans from $500,001 to $1,000,000 – metro and regional areas of Australia
55% LVR for loans from $1,000,001 to $1,500,000 – metro areas of ACT, Qld, SA and WA
55% LVR for loans from $1,000,001 to $2,000,000 – metro areas of NSW and Vic90%  to
Minimum Loan Terms Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs
Fixed Rates from 1year to 15 years and (P&I thereafter) to 40 yrs
Maximum Loan Terms 40 years Principal & Interest
Loan Repayment Frequency Weekly, twice monthly or monthly, day and date can be nominated
Security Type Residential vacant land and rural residential being occupier \ investment
Redraw Available Yes
Split Loan Available Yes
Dynamic Repayment Yes
Additional Repayment Principal reductions accepted with minimum of $5,000 each time on the principal part if any
Loan statements Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).
Documentation Required Subject to the loan purpose, please call 1300 790 909 for more details
Financial Information Borrowers who can demonstrate serviceability with up to date detailed
Qualifying Interest Rate Please call our consultant on 1300 790 909 for more details
Other Conditions Easy Doc Borrowers must be self employed or an Investor , has an ABN number for short period