Lender

Lender Name

ANZ

Product Name

LO DOC

Product Type

LO DOC 60/80

Interest Rates

Latest Interest Rates

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Target Market

Self employed applicants.

Repayment Type

As product selected. Choose from a range of variable and fixed rate loans

Repayment Options

As product selected

Repayment Method

As product selected

Extra Repayments

As product selected

Special Offers

Lo Doc 80 discounts
$150K< $250K discount of 0.40% p.a
$250K< $700K discount of 0.50% p.a.
$250k < $700k discount of 0.6% p.a. *if taken under the breakfree package*
>$700K discount of 0.60% p.a.
Discounts apply to the following
Standard Variable Rates

Term

As product selected

Loan Size

Lo Doc 60 Total Consumer Limit - $2.5M

Maximum individual loan size lending $2.5M

Lo Doc 80 total consumer limit $2.5M

Total Consumer Limit - $2.5M

Maximum Loan Size

Metropolitan VIC/NSW/ACT/QLD $1M

Metropolitan WA/SA/NT/TAS $750K

Regional $750K ($500K for Regional Other

Maximum Loan Size Vacant Land

Metropolitan VIC/NSW/ACT/QLD $500K

Metropolitan WA/SA/NT/TAS $350K

Regional $300K

LVR above 60% and up to 80% 

Mortgage Insurance

LMI is not applicable for LVR up to 60%

LMI is required on LVR above 60% and up to 80% and premiums can be capitalised

Acceptable Income

Lo Doc 60 ANZ may accept the customers signed Statement of Position as sufficient evidence of income without the requirement to provide supporting documents. ANZ will confirm employment for PAYG customers who have not been with ANZ for 12 months and will complete an ABN search for self employed customers.

Income Type Self Employed ABN 1 day  & PAYG (probation acceptable).

Lo Doc 80  ANZ may accept the customers signed Statement of Position as sufficient evidence of income without the requirement to provide supporting documents. Note Lo Doc Declaration needs to be completed).  ABN required minimum 2 years.

Income Type Self Employed customers (PAYG only as co-applicant with self employed applicant). PAYG co-applicants Provide full income verification, as per standard ANZ policy. 

Fees

Note interest rates & fees displayed as for the Simplicity Plus  & Standard Variable Rate Products

Loan Approval Fee - discount not applicable Lo Doc 80

Renegotiation Fee $350

Depending on the type of change requested, fee is $350 for credit critical changes and $200 for non credit critical changes.

VAF of $150 per property may apply if a valuation is required.

Guarantee Administration Fee $200 

Offset

As per product selected

Redraw Facility

As per product selected

Product Change

As per product selected

Statements

As per product selected

Portability

As per product selected

Split Loan Facility

As per product selected

Special Notes

Note Special Features as per product selected