Homeloans FlexiChoice Prime Alt Doc 70% 80% Homeloans FlexiChoice Prime Alt Doc 70% - 80% (Interest Only) (Owner Occupied)
4.99%p.a Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 80% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Equity and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
- Not Required
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Internet Banking
- Telephone Banking
- Credit Card
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Non-resident lending policy all applications: - Maximum LVR of 70% - Category A security locations only (refer Acceptable Property Locations tool on Loanzone) - Lenders Mortgage Insurance will no longer be available - An interest rate loading is applicable above the applicable Investment interest rate. Refer to your BDM - Non resident loans are not applicable on FlexiChoice Specialist products Product Overview: The Homeloans FlexiChoice Prime Lo Doc product caters for Self Employed applicants looking for a loan amount to purchase, refinance, for debt consolidation or cash out purposes. There is no credit scoring on applications and No LMI up to 80% LVR. Key Criteria: - No LMI up to 80% LVR - Maximum loan amount $1,500,000 at 75% LVR - Choice of income verification, with an Income Declaration supported by one of the following: Accountants Verification, or 6 months Business Activity Statements, or 3 months business bank statements - Refinance and debt consolidation permitted (maximum of home loan plus 4 debts, excludes taxation debts) - Unlimited cash out to 80% LVR - Minor defaults considered (maximum of 2 listings with a combined value of less than $500) - Must be self employed in the same business for a minimum of 24 months confirmed via a valid ABN, with a minimum GST registration for 12 months (if applicable)
No LMI required for <80% LVR.
Application fee $499 Valuation cost payment required following Conditional Approval Solicitors/Settlement Fee at cost. All fees and charges noted apply to standard applications only (i.e single/joint personal applicants and one security property). Additional fees and charges may apply for more complext loan structures.