1 Year Financial accepted for Full Doc Self Employed applicants where:
ABN has been registered for greater than 4 years and
Applicant(s) Veda score is equal to or greater than 700
Lo Doc allows for minimum 12-month ABN registration with 2 years of similar industry experience.
PRODUCT OVERVIEW
Available for purchases, refinances (including cash out) of acceptable commercial securities.
Minimum loan term is 3 years.
If the loan discharges within first 3 years an exit fee applies of 3 months of interest payments.
Maximum loan term of up to 30 years.
Unlimited Cash out (within reason) available up to 80% with satisfactory fund purpose explanation.
Maximum Single Borrow Exposure is $5,000,000.00.
Other Financial Institution (OFI) statements are not required for loans not being refinanced.
Actual repayments for OFI are included in servicing.
Vacant land or construction is not acceptable.
Repayment options include Principal & Interest or Interest Only for a of maximum 5 years
Additional repayments are available without penalty up to $120,000 p.a.
*Standard inclusions: documentation, review of CoS, settlement, 2 x Guarantors, review of Trust Deed, review of company
APPROX. FEES
GET IN
Application Fee
$299.00
Valuation Fee
At cost
Lenders Legal Fee from
$1,500.00
Annual Fee
$395.00
Settlement Fees
$395.00
GET OUT
Discharge fees approx.
3 mths penalty interest <3 yrs + 3rd party costs
Discharge Fees approx.
$1,295.00
Other terms, fees & charges may apply. Refer to the Postcode Guide for more details on acceptable security locations and LVR limitations. Product availability & conditions are subject to change without notice. Australian Credit Licence 409 649. Rates effective from 15th October 2024.
