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Low doc loans March 2013

Posted Monday, 11 March 2013 at 16:17 by Shape Home Loans
Tagged: Low Doc loans
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Low doc Loans 

 

Negotiated rates available to Shape Home loans Customers- Same Banks. Better Rates. Served With A Passion.

 Based on $400,000+  | 30 years term | LVR 60-85% | Conditions applies **

Loan can be converted back to standard full doc loans. 

 

As of 11th March 2013

 

60% LVR

 

 

Lenders                                                 

Interest Rate                                                    

Features                                                                                                                        

 Low doc loans 5.70%

 

5.29% Fixed 3 years 

OR

5.70% Variable

 

 

 Minimum ABN period

 

2 years 

 

Documentations Required 

  • 6 month business trading statements and 12  month BAS

Features

  • Refinance and purchase
  • 100% Offset account
  • Part of the major bank ( NAB)
  • Up to 80% LVR allowed with LMI at the same interest rate 
  • No cash out 

 

  Low doc loan 80% LVR fixed rate 5.39%

5.39% Fixed 3 years 

OR

5.90% Variable

 

 

  Minimum ABN period

 

12 month 

 

Documentations Required 

  • Accountants letter only for loan under $500,000
  • for loans over $500,000 - Require 6 month trading statements OR 6 month BAS

Features

 

  • Refinance and purchase
  • Constructions loans allowed 
  • No GST required / No BAS for income under $75,000
  • Accounts letter only! 
  • Option to convert to a full doc loan with standard rates if 2 years financial tax returns can be provided ( no cost to switch) 
Rate is 6.58% for 70-80% LVR

 

 

 

60-80% LVR

 

Lenders                                                 

Interest Rate                                                     

Features                                                                                                                        

 Low doc fixed rate 5%

 

 

5.39% Fixed 3 years 

OR

5.90% Variable

 

 

 

 

Minimum ABN period

 

12 month 

 

Documentations Required 

  • Accountants letter only for loan under $500,000 up to 80% LVR 
  • for loans over $500,000 - Require 6 month trading statements OR 6 month BAS

Features

 

  • Refinance and purchase
  • Constructions loans allowed
  • No GST required / No BAS for income under $75,000
  • Accounts letter only! 
  • Option to convert to a full doc loan with standard rates if 2 years financial tax returns can be provided ( no cost to switch) 

 

     Low doc unlimited cash out accountants letter only

7.34 % Variable

Minimum ABN period

 

2 years

 

Documentations Required 

  • Accountants Letter only OR
  • 6 month BAS  OR
  • 6 month business trading statements

Features

  • Unlimited cash out up to 80% LVR ( Business purpose, Debt consolidation or ATO payout all acceptable)
  • NO LMI - Risk fee applies ( cheaper than LMI)
  • Trust and Company borrower acceptable
  • No GST required / No BAS for income under $75,000
  • Loan up to $1,500,000 acceptable 

 

 

 

Special Low Doc Product

 

Lenders                                                 

Interest Rate                                                     

Features                                                                                                                        

 Low doc Private loan

9.85% (90% LVR)

 

* Debt, bad credit, ATO debt allowed

Minimum ABN period

 

3 years  

 

Documentations Required 

  • Accountants Letter only   OR
  • 12 month BAS

Features

  • Up to 85- 90% LVR considered
  • Credit defaults allowed
  • ATO debt allowed
  • Debt consolidation and
  • Cash out allowed up to 80% Unlimited 
  • No LMI - Risk fee applies
  • Ability to switch to a lower rate product after 12 month**
  • Vacant land allowed ( no construction)- rate loading applies. 
1 day old ABN low doc loan     

6.85% (60% LVR)

1 day old ABN

 

 

 

8.85% (80% LVR)

1 day old ABN

 

Minimum ABN period

 

1 day old ABN loan 

 

Documentations Required 

  • Accountants Letter only to confirm you can service the loan
  • Or Contracts in place to confirm income

Features

  • Risk fee applies
  • Ability to switch to a lower rate product after 12 month**

Click here for the latest variable rates 

 

 

There are 100's of products to choose from, we are independent and accredited with 42 of the most respectable banks and lenders in Australia, and we offer:

 

 Free Service and professional advice

 Loan Structure that will give you MAXIMUM benefits - Tax, Wealth Creation and savings

A choose of loan products that are suited to YOUR needs, NOT the banks.

Quick, efficient and easy to understand service 

A written plan and quote on how you can achieve your financial goals from property investing.

Connections, referral and discount on a range of professional service - Tax accountant, Financial planners, Insurance Brokers, Real Estate agent and Conveyancer

Free property report and access to the latest news and information  

We are more then YOUR personal mortgage manager. 

 

 

 

 

 CONTACT US FOR MORE INFORMATION

 

Contact us

 

 

It's NOT always about the interest rate, Service, monthly fee, annual fee, exit fee, easy access  and security all plays an important role in deciding for the best home loans.

All lenders will have condition on who they want on their books. So speak to us first and let us do the homework for you!!! FREE of charge.                         

 

** The Comparison Rate (CR) combines the lender's interest rate, fees and charges into a single rate to show the true nature of a home loan. The CR rate is not included into this site, however the full CR are available from lenders and from Shape Home Loan- simply email us at info@shapehomeloans.com.au, and we will be more then happy to assist. Cost such as redraw fees or early repayment fee are not included into the CR and this may influence the cost of the loan.

 


ABN 57 142 142 407 |   Australian Credit Licence 390573  |   MFAA Approved Broker 58602  |  COSL Member M0004711