Low Doc Loan

Loan Purpose

Owner-occupied, investment or business purposes
Allows self-employed applicants to demonstrate their ability to afford a loan by signing a declaration, as opposed to provide evidence of income.

Income verification

Fastdoc 80, self-employed applicants’ declaration of income and affordability.
Applicants must have been self-employed for more than two years.
No minimum level of net assets required.
Fastdoc 70, self-employed applicants’ declaration of affordability for investment purpose.
Declaration of income and affordability for owner occupied purpose.
No minimum self-employed period.
No minimum level of net assets required.

Split facility

Four separate loan accounts under one facility, each with loan statements. Line of credit option available.

Maximum loan amount

Minimum loan amount

$100,000

Loan term

10, 15, 20, 25 or 30 years

Interest rate

Variable or fixed for 2, 3 or 5 years
Current:

Repayments

Principal and interest or interest only 2, 3, 5 or 10 years.

Repayment method

Voluntary repayments

Additional repayments on variable rate loans may be made at any time

Ongoing fees

No monthly administration fees or early repayment fees for variable rate loans

Loan statements

Redraw facility

For variable rate, available as required and the minimum redraw is $50 when accessed over the phone of via the internet

Construction

Not available

Online services

The Loan Service Net enables borrowers to view and transact on their loan online
The Loan Service Line enables borrowers to transact on their loan via the telephone.

LVR

Fastdoc 80
80%
80%

Fastdoc 70
70%
N/A

$30,000 - $750,000
$750,001 - $1,000,000