|
Lender Name |
NAB |
|
Product Name |
LOW DOC |
|
Product Type |
LOW DOC
AVAILABLE
STANDARD
FIXED /
STANDARD
VARIABLE /
FLEXIPLUS |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Yes - redraw
on surplus
funds where
repayments
to the loan
are running
ahead of the
prescribed
schedule
(minimum
$2,000). |
|
Offset |
Available -
Variable
Rate Only |
|
Fees |
Application
Fee $300
Valuation
Fee N/A
Account
Keeping Fee
$10pm
Legal Fee
N/A
Increase
Fee N/A
Early payout
depending on
facility
refer to BDM |
|
LVR |
Owner
Occupier
Maximum LVR
up to 60% No
LMI
>60%<80% LMI
to apply
Refinance
LVR up to
60% No LMI
>60%<80% LMI
to apply
Investment
LVR up to
60% No LMI
>60%<80% LMI
to apply
Construction
N/A
Land N/A |
|
Repayment
Type |
Principal &
Interest
Interest
calculated
daily upon
drawdown on
outstanding
balance
Interest
Only |
|
Repayment
Options |
Repayment
frequency -
weekly,
fortnightly
or monthly |
|
Repayment
Method |
Repayments
can be made
directly
from a
FlexiAccount |
|
Extra
Repayments |
Additional
lump sum
payments
permitted -
note not
during the
Fixed Rate
term. |
|
Special
Offers |
Application
Fee on
lending
above
$250,000
Nil |
|
Term |
Maximum loan
term 30
Years |
|
Loan Size |
Minimum $20K
No maximum |
|
Mortgage
Insurance |
Lender
mortgage
insurance
applicable
if LVR
greater than
60% |
|
Acceptable
Income |
Low Doc
Declaration
to be signed
and obtained |
|
Product
Change |
Yes - Full
Application
Fee applies |
|
Statements |
Six monthly
or upon
request |
|
Portability |
Available |
|
Split Loan
Facility |
Available |
|
Special
Notes |
|
|
Target
Market |
General Home
Market.
Available
for
Investment
purposes.
ABN for a
minimum of
two years.
No adverse
credit
history. |
