Commonwealth Bank - Low Doc Loans

Main features for home and investment lo doc loans...

Company
Interest Rates	Enquire Here - at standard interest rates and discounts apply.
Products Available	Variable, fixed, line of credit, construction and interest only options
Maximum Lend Amount Per Property	Less than 60% LVR - unlimited ; Greater than 60% LVR - case by case
Maximum Exposure Per Borrower	Less than 60% LVR - no max ; Greater than 60% LVR $2.5 million
ABN Required	12 months minimum
GST Required	Yes 1 year regardless of income
BAS Statements	Less than 60% LVR - Yes 12 Months; Greater than 60% LVR - Yes 12 months
Purchases	Up to 80% of the properties value
Refinance Available	Yes up to 80% of the properties value plus 2% for mortgage insurance
Cash Out	Up to 80% of the properties value & amount on a case by case basis
Construction	Yes up to 80% of the properties value plus 2% for mortgage insurance
No Doc	No
PAYG Employed Borrowers	No
FEES
Upfront Fees	Product selected
Ongoing Fees	Product selected
Early Exit Fees	$700 in the first 4 years. Break fees apply for fixed rates
Discharge of Mortgage Fees	Product selected

Notes

MAV and Wealth Package discounts are only available for variable and fixed rate loans less than 60% of the properties value for all low doc loans

Mortgage Advantage and Wealth Package Tier Discounts For Variable Rates:

>$150K to $350K - 0.50%

>$350K to $750K - 0.60%

>$750K+ - 0.70%

1 Year Guaranteed and 12 Month Discounted Variable Rate

> $150K - 0.40% (discount applies after the completion of the Intro Rate only).

*Packages not available for low doc loans between 60 and 80 percent of the properties value

Fixed Rates

> $150K - 0.15% discount on standard fixed rates. (Variable - ongoing rate shown on Fixed Rate products is based on the <$350k tier)

Other Benefits

Interest rate and fee concessions on new Commonwealth Portfolio Loans

Concessions available on Commonwealth Bank Personal Loans

MAV Package available in the company name

Discounts for New Life, Trauma, and Permanent disability Insurance when applied via CBA Financial Planning Adviser

Discount on the base premium for Car Insurance cover

$330 off the fee for the preparation of a personal finance plan or a Statement of Advice by a Commonwealth Financial Planner

Interest rate and fee concessions on new Commonwealth Portfolio Loans

Concessions will be available on Commonwealth Bank Personal Loans

Companies will be able to open a MAV Package in the company name

Credit cards are no longer mandatory, however an active transaction account or Credit Card is required to charge

Family Support Policy

Not available for lo doc loans

Back to Low Doc Loans

Need Help Finding the Right Low Doc Loan...

• 80% LVR (Loan to Value Ratio) home loans and investment loans at full doc loan rates

• No BAS statements required for lo docs loans up to 80% LVR

• Low doc loans for PAYG (employed) borrowers up to 60% of the properties value. No ABN required

• Low doc loans with 6 months to 2 years ABN and GST registration

• Refinances up to 80% LVR with

• Cash out with no BAS required

• Credit impaired low do loans

• No doc loans

• Many more options and hundreds of loans available - contact us or submit a low doc loan quote below

Simply click the link below or call 1300 726 136 to have all your mortgage questions answered

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