Lite & No Doc Construction |
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Overview Target |
Loan Purpose |
Loans considered for construction being residential and investment being non Regulated by the UCCC |
Loan Features |
• Loans give freedom to Build ,develop or take part in the project |
Loan Products |
All facility is draw down one and double and multiple security acceptable |
Minimum Loan Size |
$50k Double and multiple security acceptable |
Maximum Loan size |
$15,000,000 (Subject to the loan scenario and to the LVR) Single security |
Loan to Value Ratio |
• 70% to 15,000,000 on first (1st) Mortgage (Both Doc ) No Mortgage insurance |
Minimum Loan Terms |
Interest only from 1year to 5 years |
Maximum Loan Terms |
5 years Interest only facility |
Loan Repayment Frequency |
Monthly in advance date can be nominated |
Security Type |
Residential investment, industrial and commercial only and non regulated |
Redraw Available |
Null |
Split Loan Available |
Null |
Dynamic Repayment |
Null |
Additional Repayment |
Principal reductions not applicable |
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 |
Qualifying Interest Rate |
Please call our consultant on 1300 790 909 for more details |
Other Conditions |
A. Lo Doc & No Doc Borrowers must be self employed or an Investor , has an ABN number and registered for GST |
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