ADVANTAGE FINANCE (SA) 'LOW DOC' NoFin PREMIUM access HOME LOAN

• A loan with all the features including a Line of Credit at competitive
  interest rates
• No ongoing fees
• Self employed applicants have the convenience of not being required to provide
  tax returns which makes for easier and quicker processing of loan applications
• Available on both regulated and unregulated loans
• LMI capitalisation available to maximum 82% LVR (including LMI)
• Limited cash out available (see conditions below)
  
• Not available for refinance on investment loans

LVR/Loan Amount

80% $50,000 - $1,000,000

Lenders Mortgage Insurance (LMI)

Required on all loans. The premium is payable by the borrower in all instances. LMI can be capitalised with a maximum LVR of 82%

ABN and GST Registration

Applicants must an ABN registered for a minimum of 2 years and the have been self-employed for a minimum of 2 years. If the borrowers business turns over more than $75,000, GST registration is required

Asset and Liabilities Statement

Required on all loans

Rate reduction / Stepdown

A rate reduction is applicable upon provision of 2yrs satisfactory financials

Loan Terms

From 15 to 30 years

Split Facility

Available

Repayment Options

Principal and Interest
Interest Only for 1 to 10 years
Fixed Interest 1-5 years

Repayments can be made by direct debit request, direct electronic credit (after completion of construction) and BPay

Vacant Land and Construction

Maximum LVR of 80% for Vacant Land Loans (LMI can be capitalised up to 82% LVR) Maximum loan amount of $600,000
No Construction Loans Available

Repayment Frequency

Instalments can be made weekly, fortnightly or monthly

Telephone & Internet Access

Yes, 24 hours a day, 7 days a week

3rd Party / Outward Direct Debits

Automatic direct debit payments of regular expenses can be made from the loan account

Direct Salary Crediting

Salary and other income such as rental income or dividends can be directly paid into the loan account and accessed via the redraw facility over the phone or via the Internet when needed

Cash Out Restrictions

• Maximum cash out $100,000
• Maximum LVR must not exceed 80%
• Loan must not be insured with QBE LMI

Need more information or explanation?

Contact one of our friendly loan consultants and we will gladly assist you - 08 8351 5444