Self employed with less then 2 years ABN

Posted Wednesday, 29 June 2011 at 12:59 by Michael Chan
Tagged: interest rates | Low Doc loans | Self employed Loans
Read more blogs...

Low doc loans- Self employed less then 24th Month. 

Recently self employed? Just started a contracting role? Shift in salary arrangement and structure? Low doc? …less then 2 years ABN?

Traditional banks will view self employed with less then 2 years ABN as “outside their lending criteria” And with a increasing number of people going to self employed, especially in the IT and medical profession; it’s time to see the banks say” YES”

We are accredited with over 42 lenders/financial institutions including but not limited to international banks and private lenders; this gives us the unfair advantage to be able to find a lender to suit your needs. We have a philosophy that “As long as you have a solid foundation nothing is impossible…you just have to be flexible with the rates and condition; given the scenario”

***Updated as of 28th Oct 2011- Note LVR available up to 85% now ***

One (1) day ABN

Lender 1- International insurance company 

Rate: 8.50% Variable

Term: 10 years term

Note: 1.2% application fee applies, LVR 70%

Lender 2: Australian financial institution

Rate: 8.85% Variable

Term: 30 years term

Note: 1.5% application fee applies + clean credit, LVR 75%

Six (6) month ABN

Lender 1- Australian financial institution

Rate:  8.50%

Term: 30 years term

Note: Clean credit, LVR 85%

Construction loan allowed.

Lender 2- Australian financial institution

Rate:  7.70%

Term: 30 years term

Note: 1.5% application fee applies + 80% LVR

Twelve (12) month ABN

Lender 1- Major Australian Bank

Rate: 6.95 %

Term: 30 years term

Note: Very strict condition applies- Min 3 years experience in the same field of work prior to going to self employed required + clean history + LVR 70%

Lender 2- Australian financial institution

Rate:  7.50%

Term: 30 years term

Note: 0.25% application fee applies + 85% LVR