This type of loan is designed specifically for self-employed people, who have been trading for more than 12 months (ABN must be registered for more than 12 months) and wish to self-certify their net income (Low Doc). With this loan you can:

• Borrow from $50,000 up to $2.5 million, for a period of 10 to 30 years
• Obtain up to 80% Loan to Value Ratio with the lender paying the Lenders’ Mortgage Insurance premium.
• Choose from a variable interest rate or a fixed rate for 1, 3 or 5 years.
• Repay your loan monthly, fortnightly or weekly including by direct debit
• Step down to a lower variable rate from the 2nd anniversary of settlement provided you have no arrears on your loan and have not missed any repayments.

Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements.

This type of loan is ideal for people who are wishing to use equity out of their homes to fund their business and are having difficulty obtaining high Loan to Value Ratio loans because of limited financials. With this loan you will need to provide your an income declaration form and other documentary evidence including an ABN.