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 |
