Homeside Lending (NAB) Low Doc Home Loans

Low Doc Specifications

Individual self-employed borrowers who are Australian Citizens/Permanent Residents. Active ABN for minimum of two years. GST Registration for at least 12 months. .

Available to PAYG borrowers as co-applicants only (PAYG borrowers are subject to normal income verification).

At least 1 borrower must be self employed

Documentation required

The self-employed borrower must provide a signed Customer Declaration Form (CDF) confirming customer income, length of employment and ability to service the loan together with an ABN held for a minimum of 2 years.

Special Offer: Rate discounts apply to LVR/Loan Amount on Variable Rate Loans effective 16th October 2009. Not available on Fixed rate options. Refer to Special Offers folder for details.

Interest Rate Concessions:

Tier 1 - $120K< $250K= 0.30% concession

Tier 2- $250K+ = 0.50% concession

Applicable Loan Products - aggregated discounts will only be available on the following HomePlus Variable P & I and HomePlus Variable with 5 years Interest Only.

The Establishment Fee is waived in the following instances for loans with 90% LVR or less (excluding Intro Fixed):

NSW, QLD, VIC, WA & ACT loan greater than $300K

SA, TAS & NT loan greater than $200K

95% LVR available

10% Gen Savings (saved over 3 months) required on investment loans with LVR >85%

Pre-Approved Gold Visa or Gold MasterCard available (limit not included in loan assessment)

Customers choose from either a Gold Visa or Gold MasterCard

Annual Fee on the  credit card is waived

Choice of Fly Bys or Gold Rewards

Up to 44 days interest free

Credit Card can be used to access HomePlus Deposit Offset Account

No annual fee on Gold Visa/MasterCard

Offset available during variable rate only