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NGS Pro Full Doc

low start

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)


Address

FIRM FINANCE PTY LTD.

Level 2 / 124 Exhibition Street
Melbourne VIC 3000
 
Phone: +613 9654 9090
Fax: +613 9654 9098
Mobile: +61 418 553 009

Licence No 390620