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This loan is a pure
asset-lend, no documentation loan. It must be unregulated i.e. business or
investment purposes only and suits those borrowers who do not wish to
provide any details regarding income, assets and liabilities. Income must
be self-certified.
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Applicant type
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Individuals, Companies, Trusts.
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Employment requirements
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No verification required
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Income: required proofs
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No proof required
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Loan amounts minimum & maximum
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$30k to $2 mil
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Purpose
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Owner-Occupied, or Investment
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LVR
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Below 70%, can go up to $2 mil
Between 70% & 75% max is $1mil
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Coded, non-coded, or either
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Non-coded only
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Credit related issues
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Not checked
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Variable, fixed or both
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Must be fixed except the 30 year term, then
variable
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P&I, I/O, or both
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Must be I/O, except the 30 year term, then P&I
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Residency Status
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Not checked
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Comments, special conditions
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A pure "No Doc" loan
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Approximate rate
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By Quote
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Please note: Ausco Trading
Pty Ltd takes no responsibility for the accuracy of this
information. Non Conforming Loans makes all reasonable efforts
to maintain accurate information. However all credit
information should be used as a guide only. We urge users to
check the terms and conditions on the specific credit
applications when applying. You should check all costs related
to any credit application with your financial adviser before
making purchase decisions |
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