Alt-Doc Loans

Alt-Doc rates from

4.69%p.a. Variable

4.78%p.a. Comparison *

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    Banks said no? Consider an Alt-Doc loan

    What’s an Alt-Doc loan? Alt-Doc stands for alternate documentation, and these loans are tailored for borrowers who can’t satisfy the standard income verification requirements of a regular home loan. 

    Most lenders require full income verification using payslips and income statements, but Australians are far more diverse. If you’re self-employed, an alt Alt-Doc loan may be the solution for you.

    If the banks said no, give us a call on 1300 REDUCE (733 823) and speak to an accredited Finance Manager to find out if our Alt-Doc loans can work for you.

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    Reduce Home Loans Alt-Doc Loans

    Owner Occupied Capitalizer Alt-Doc

    Investor Capitalizer Alt-Doc

    4.69%
    p.a. Variable
    4.78%*
    p.a. Comparison
    • Perfect for self-employed applicants
    • Interest Only available 
    • Offset account available 
    • Free electronic redraw and unlimited extra repayments
    MORE
    4.69%
    p.a. variable
    4.78%*
    p.a. Comparison
    • Perfect for self-employed applicants
    • Offset account available 
    • Interest Only available 
    • Free unlimited redraw
    MORE
    THE BASICS
    Rate4.69% p.a. Variable
    4.78%* p.a. Comparison
    4.69% p.a. Variable
    4.78%* p.a. Comparison
    PurposeOwner OccupiedInvestment
    EligibilityPersonal
    Company
    Unit
    Discretionary Trust
    Personal
    Company
    Unit
    Discretionary Trust
    Minimum Amount$50,000$50,000
    Maximum Amount$1,000,000
    Add 0.30% for loans up to $1,750,000 up to 65%
    Add 0.30% for $1,500,000 up to 70%
    $1,000,000
    Add .30% for loans up to $1,750,000 up to 65% Add .30% for $1,500,000 up to 70%
    LVRUp to 65%
    Add 0.20% 70%
    Add 0.30% 80%
    Up to 65% Add 0.20% 70% Add 0.30% 80%
    Loan TermUp to 30 yearsUp to 30 years
    Rate OptionsVariable Variable
    Available for ConstructionNo No
    FEATURES
    Multiple Accounts100% offset available - add 0.10% to rate
    Loan splits available
    100% e-offset available - add 0.10% to rate
    Loan splits available
    Redraw FacilityYes
    No minimum via electronic transfer
    Daily limit max $10,000
    Yes
    No minimum via electronic transfer
    Daily limit max $10,000
    Account AccessInternet transfer access to nominated accountInternet transfer access to nominated account
    StatementsHalf yearly Half yearly
    REPAYMENTS
    TypePrincipal & Interest
    Interest Only - add 0.50% to rate
    Interest Only max loan amount $1,000,000 80% LVR
    Principal & Interest
    Interest Only - add 0.50% to rate
    Interest Only max loan amount $1,000,000 80% LVR
    FrequencyVia Direct Debit - Monthly Via Direct Debit - Monthly
    MethodsDirect Debit from an Australian bank accountDirect Debit from an Australian bank account
    Additional RepaymentsVariable Rate – Extra repayments may be made at any time without penaltyVariable Rate – Extra repayments may be made at any time without penalty
    FEES
    Application Fee$440 $440
    Establishment Fee$0 $0
    Third Party Valuation FeeAt Cost
    Estimate $250
    At Cost
    Estimate $250
    Third Party Legal FeesAt Cost
    Unascertainable estimate $50 - $330
    Does not cover government charges & PEXA Fee
    At Cost
    Unascertainable estimate $50 - $330
    Does not cover government charges & PEXA Fee
    Annual Fee$0$0
    Monthly Fee$0$0
    Settlement Fee$250$250

    Home Loan Refinance Guide

    Find out more:

      • Why should you refinance?
      • What are the costs of refinancing?
      • How long is the refinance process?
      • Common traps to avoid
      • What documents you may need to refinance
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