NGS Pro Full Doc

Overview
With Prime NGS Full Doc Loans full serviceability required

Target
Individuals (PAYG or self-employed), Companies, Partnerships or Trusts where less than 5% genuine equity is contributed to the transaction. To qualify for this program loans should exceed 85% LVR

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 Full supporting documentation and evidence of income is required for all applicant/s Full supporting documentation and evidence of income is required for all applicant/s plus must demonstrate genuine savings of at least 3% of purchase price LMI capitalization to maximum of 95% LVR(Including LMI)
Loan Products All facility included line of credit
Minimum Loan Size $50,000 (Subject to the loan scenario and to the LVR) Single security
Maximum Loan size $1,000.000 (Subject to the loan scenario and to the LVR) Single security
Loan to Value Ratio Insured
• 100% LVR for loans up to $500,000 – metro areas of NSW
• 100% LVR for loans up to $450,000 – metro areas of Vic, ACT and Qld
• 100% LVR for loans up to $425,000 – metro areas of WA
• 100% LVR for loans up to $350,000 – metro areas of SA, NT and Tas
• 100% LVR for loans up to $325,000 – regional areas of Australia
• 100% LVR for loans up to $250,000 – Australia wide
• 95% LVR for loans up to $750,000 – metro areas of Australia
• 95% LVR for loans up to $500,000 – regional areas of Australia
• 95% LVR for loans up to $300,000 – Australia wide
• 90% LVR for loans up to $1,000,000 – metro areas of Australia
• 90% LVR for loans up to $750,000 – regional areas of Australia
• 90% LVR for loans up to $500,000 – Australia wide
Uninsured
• Not available
Minimum Loan Terms Interest only from 1year to 10 years and (P&I thereafter) to 40 yrs
Fixed Rates from 1year to 10 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 No
Split Loan Available No
Dynamic Repayment No
Additional Repayment Principal reductions accepted with minimum of $5,000 each time
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 financial statements covering the last 12 months
Qualifying Interest Rate Please call our consultant on 1300 790 909 for more details
Other Conditions A. Prime loans Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 12 months + 4 pay slips  for (Full doc Loans)