Simple Saver Full Doc
Niches
- Loan amount to $2M @ 80% LVR CAT 1 & $1.5M max for CAT 2
- INTEREST ONLY included no loading, for Owner Occupied or Investment
- Unlimited cash-out with stated purpose only, no evidence required, >$500K supporting evidence required. Cash-out >100k – 1 months Bank Statements showing Salary Credits OR 1 months personal Bank statement for Self-Employed
- 100% Offset available with no loading
- Unlimited number of debts consolidated
- Service on the most recent years income for self-employed (don’t average 2 years)
- Temporary Residents Acceptable add 0.50% to RTB. 12 months on visa required
- Applicants can use Offshore Income with this program, with a 0.20% RTB loading (6 months statements required to confirm salary credits)
- Credit card limits up to $20K paid over 3 months not used in servicing
- NO RISK FEES
- Established NDIS security using 65% of rental income (1.00% loading)
| Product Summary | |
|---|---|
| Security Type | Residential |
| Maximum Loan Amount | $2,000,000 |
| Maximum LVR | 80% |
| Maximum Loan Term | 30 years |
| Borrower Type | Individuals, Company or Trust |
| Loan Purpose | New Purchase, Refinance or Equity Release |
| Repayment Options | Principal & Interest or Interest Only (up to 5 years, conditions apply) |
| Interest Type | Variable |
| Facilities Available | Offset Facility, Redraw Facility |
Income Documents Checklist
PAYG
-
Australian Income; (2 pay slips OR Letter from employer not older than 60 days at conditional approval OR Current employment contract) AND last financial year PAYG statement
If employment started this financial year, the YTD statement from the tax portal
- Foreign Income; (2 pay slips OR Letter from employer not older than 60 days at conditional approval OR Employment Contract) AND 6 months statements showing salary credits not older than 45 days at conditional approval
Self-Employed
- Last year’s Accountant prepared Financial Statements with Balance Sheet including previous years Profit & Loss for comparison purposes only not older than 18 months at conditional approval AND Individuals last 2 year’s tax returns AND ATO Notice of Assessment (Minimum 5 Years as declared on application)
Please Contact Us for more details and quote