The Right Loan
FastDoc 70 Home and Investment Loan $50,000 - $750,000
The FastDoc 70 also provides a significant saving in interest rate, 9.35% p.a. (*9.40% comparison rate). The major difference to the FastDoc 80 is that no minimum net asset position is required and there is no minimum self-employed period. However the maximum loan to value ratio is 70%. A FastDoc Declaration has to be signed by all borrowers/guarantors.
For a full description of the FastDoc 70 Home and Investment Loan, Click Here. Also available as a Line of Credit for an additional 0.10% p.a.
Fast Doc 80 Home and Investment Loan $50,000 - $1,000,000
This loan is for self-employed applicants who want to borrow up to 80% of the value of their property but are unable to provide the usual income verification documentation. Providing you have been self-employed for a minimum of two years and have a GST registered ABN, by self-certifying your income this loan provides a significant saving in interest rate as it can be as low as 9.35% p.a. (*9.40% comparison rate) depending on the loan size and loan to value ratio (LVR).
For a full description of the Fast Doc 80 Home and Investment Loan, Click Here. Also available as a Line of Credit for an additional 0.10% p.a.
* Comparison rates are based on loan sizes of $150,000 over 25 years. The comparison rate applies only to the examples given. Different amounts and terms will result in a different comparison rate. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available by calling 02 4576 7229. Rates current as at 21 July 2008 and are subject to change without notice.