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: Homepage  >> Home Loan Products >> Webdeal Low Doc Home Loan

  Webdeal Low Doc Home Loan

Webdeal Low Doc Loan was developed for applicants who are Self-Employed or do not have up to date financials. You may be someone who has financials but would simply like to protect your privacy – we welcome your inquiry!

Webdeal Home Loans are strong believers in helping those who help themselves. If you have seen some success in your business but would like to keep your financials confidential, we have your loan. All you need to do is sign a low doc income declaration form, and complete our application form. No Tax Returns or Group Certificates will be required with this product.

This is a fully featured Low Doc loan which includes unlimited free redraws, salary crediting and flexible repayment options or a Low Doc All-in-One with access to a nil-interest Visa card for your everyday banking and convenient all-in-one banking to simplify managing your finances.

This is the loan for you if you are:

  • Self-employed and your financials aren’t up to date
  • Self-employed and you do not wish to supply your financials
  • A professional Investor
  • Seasonal or Casual Worker
Loan amounts Minimum Loan of $50,000. Maximum loan of $1,500,000 (more with special approval.)
Interest rate type Variable rate only
Loan Term 10 to 30 years.
Repayment type Interest Only Up to 5 years with monthly repayments.
Combination and splits Can split up to 4 accounts (will consider more) or combine with other Lo-Doc loan..
Repayment options Direct Debit or Salary Crediting (monthly or fortnightly).
Internet or telephone Transfers from pre-nominated account for additional repayments.
Additional repayments Unlimited .
Redraw facility Chequebook with no minimum redraws via Internet or telephone banking to pre-nominated account .
Withdrawals Chequebook and Internet or telephone transfers from pre-nominated account for additional repayments.
Salary crediting Yes
Switching Loans Can switch to ‘non’ Lo-Doc products by applying with full income verification, $125 fee applies.
Frequency of Statements Quarterly for Lo-Doc loan or Monthly on both Lo-Doc All In One
Deferred Establishment Fee During year 1      1.00% of original loan amount
During year 2      0.80%
During year 3      0.60%
During year 4      0.40%
During year 5      0.20%
Year 6 onward    0.00%
Other Fees Settlement fee $595.

No account keeping or on-going fees.
Lo-Doc All-in-One, $1.50 for over the counter deposits and $1.50 for cheques used in excess of 5 per month. $1.50 for more than 10 withdrawals per month from All In One  account (NIVA unlimited). Any ATM withdrawals overseas incur a fee of $3.70 per transaction.
Substitution Can substitute security within loan limit.
 

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