Low Doc Loan

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Sometimes it can be difficult to get a home loan if you are self employed. To help out, we offer a Low Doc Home Loan to get you into your new home without having to complete lots of paperwork to get your loan approved.

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To qualify for a Low Doc loan you will need an Affordability Declaration Statement that shows your income, 12 months of Business Activity Statements (BAS), and a valid Australian Business Number (ABN) that verifies at least two years of self-employment.

To apply for a loan or learn more, speak with your nearest Home Loan Adviser, have a chat with us on
13 11 82 or visit any branch.

More Information

Features & benefits:

  • Loan terms up to 30 years available.
  • Choose between standard variable or fixed rates.
  • If you select the standard variable rate you can link an Offset facility to your loan which can help to reduce the interest payable and time taken to pay off your loan.
  • Make unlimited extra repayments without any penalty fees (or up to $10,000 a year if you choose a fixed rate).
  • If you select the standard variable rate you can have the flexibility to take out any extra payments you have made if you need the money back again.1
  • Personalise your repayments to suit your budget - weekly, fortnightly or monthly.
  • If you are purchasing a new home you can have up to 90 days of free pre-settlement insurance if you take out home & contents insurance through us.
  • Fast approval to get you into your new home sooner.

Other options:

  • Make interest only repayments.
  • Want the best of both worlds? Combine your loan so part of it is fixed and part of it is variable.
  • Available for construction and bridging purposes.2
  • Lock in a quoted fixed rate between your application date and settlement.3

Current interest rates

Fees and charges

Find a
Home Loan
Adviser
Call
13 11 82  
Visit closest branch Branch locator

Helpful tools and guides:

 

Other loans you may also like to consider:

1 Not available on fixed rate loans.

2 Bridging loans are only available on the standard variable rate.

3 Rate lock fee is 0.15% of the total loan amount and is valid for 90 days from the date of application.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

You should consider our Product Disclosure Statements and other Disclosure Documents. This information and advice is provided without reference to your personal circumstances so you should consider whether this product fits your objectives financial situation and needs. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

Insurance issued by CGU:

Insurance products are issued by CGU Insurance Ltd ABN 27 004 478 371 (CGU). This information must be read in conjunction with the Product Disclosure Statement (PDS) which set out the full details of cover plus explanations and any applicable limits and exclusions. The PDS for this product are available from any People's Choice Credit Union branch or CGU. You should consider the PDS in deciding whether to buy or hold the product.

All our insurance issuers pay commission at rates which range from 0% - 40% of the base premium. The commission rate varies depending on the type of insurance.

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