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Low Doc Loans | No Doc Loans | Variable or Fixed Rate |
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Low Doc Loans | No Doc Loans - Variable or Fixed Rate
Low Doc Loans and No Doc Loans are used specifically for self-employed people who have had an ABN registered for 1 or 2 years or more and are not able or do not wish to produce full financials. With Low Doc Loans you can:
- Obtain up to 90% Loan to Value Ratio with paying the Lenders’ Mortgage Insurance premium or a Risk Fee.
- Choose from a variable interest rate or a fixed rate for 1, 2, 3 or 5 years
- Repay your loan monthly, fortnightly or weekly including by direct debit
- Choose a Line of Credit facility, including phone or internet, ATM and EFTPOS Access and monthly statements.
- Choose a 100% Offset Account, including phone or internet, ATM and EFTPOS Access and monthly statements.
Low Doc loans are available for:
- Self Employed for 12 months or greater.
- Self Employed for 24 months or greater
- Non Conforming Low doc loans (see our non conforming loans website)
No Doc loans are available for Investment Purposes Only:
- Self Employed for 1 day or greater.
- Self Employed for 12 months or greater.
- Self Employed for 24 months or greater.
Low Doc Loans and No Doc Loans are ideal for people do not have full financials and who:
- May need to borrow money for investment or personal purposes.
- Are unable to or do not wish to fully verify their income.
- Have equity in their own home or a deposit.
With this loan you will need to provide 6 month’s mortgage statements.
Loan Saver Network will look at your individual situation and provide clear advice, guidance and assistance to help you move forward and where possible obtain the funds you need.
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