• 6.89% (including 0.65% upfront and 0.20% trail)
• Full feature loan product including direct card
• Line of Credit available with no rate loading
• No BAS statements or trading statements required on purchases
• Max. LVR 80%
• Loans available in the name of companies and trusts
• No vacant land or construction

Call Mike Nicholls on 0411 222 551 to find out more

Low Doc Loan Purchases – No BAS is a post from: Sydney Mortgage Brokers MortgageCorp

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Principal & Interest
This repayment option offers principal and
interest repayments for the full term of
the loan.
Interest Only
Ideal for investors, this option allows you
to have up to 10 years interest only
repayments before principal and interest
repayments are required.

Loan purpose

Use a SmartDoc Home Loan for:
• purchase or refinance of an owner occupied or investment property
• debt consolidation
• home equity loan for investment or personal purposes
• Go-Between bridging finance
Application restrictions • no construction
• no land as security
• no company applicants
• no trust applicants
• no overseas applicants
• no non-permanent Australian resident applicants
• no second mortgages
• maximum of 3 securities
• no defaults
• category 1 and 2 locations (refer to brokers.adelaidebank.com.au for location listings)
• no inner city apartments
• no self employed less than 2 years
Interest rate • variable rate (SmartDoc) with 100% offset
• fixed rates for 3 or 5 years (SmartDoc) with 100% offset
Deposit interest is not paid if the net balance is positive (that is if the offset balance
exceeds the amount owned).
Application/settlement fee • standard application fee $595
• settlement fee $100
• funds disbursement fee $15
• additional fees are payable if you have more than one security property, require the
support of a guarantor or are taking a Go-Between bridging finance option.
*All LVRs are subject to LMI criteria.
Administration fee $10 per month
Minimum loan amount $10,000
Maximum loan amount $2 million, subject to LMI
Loan term • minimum 5 years
• maximum 30 years
Statements issued Monthly, on the last day of the month
Interest calculated Interest is calculated daily on the net closing balance of the loan (that is the amount owed
less the offset balance) and is charged monthly.
Loan to valuation ratio • up to 80% plus capitalised LMI
Repayment frequency • weekly, fortnightly or monthly repayments (principal and interest)
• monthly repayments (interest only)
• payments automatically debit from the offset balance
Voluntary repayments • variable rate – extra repayments may be made at any time without penalty
• funds can be transferred from the offset balance to the loan portion via Online Banking
or phone banking
• no maximum deposit to offset portion
• fixed rate – up to $20,000 p.a. above normal repayments may be made without penalty
Split loans Available. Split your loan into more than one portion.
Additional $100 loan application fee applies per split.
Redraw Available. Free online/phone banking redraws. Manual redraw requests – $50.
Minimum redraw amount $500.
Credit increases Available. $175 credit increase fee and $150 security handling fee applies.
Minimum credit increase amount $10,000.
Rate conversion • Convert from a SmartDoc variable rate to a SmartDoc fixed rate at any time. A loan
variation fee maybe payable.
• Convert to a SmartFit rate by providing proof of income. A loan variation fee
maybe payable.

Smart Doc Low Doc Home Loans – Adelaide Bank is a post from: Sydney Mortgage Brokers MortgageCorp

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Loan Conditions

• Max loan $1,000,000
• Max LVRs
  • 70% for residential (credit impaired)
  • 70% for retail shops and commercial offices
  • 65% for industrial properties
  • 50% for other income producing assets (suitable for >100 acre farms)

• Interest rates starting from 8.19% for both variable and fixed rates
• Locations:  All metro capital cities and major regional centres
• Term 1-2 years interest only
• Credit Impairment – Light to moderate credit impairment considered on merit
• Any worthwhile purpose
• Non regulated loans only.

Call Mike Nicholls on 0411 222 551 or (02) 8014 4288 or use our contact form.Re

Credit Impaired Commercial and Residential Loans from La Trobe is a post from: Sydney Mortgage Brokers MortgageCorp

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Note comparison rate schedules are available for all lenders on our Comparison Rate Page

The Rock Building Society offers 1% discount on Variable Rate but raises Fixed Rates is a post from: Sydney Mortgage Brokers MortgageCorp

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• Competitive rate of 6.47%
• 80% LVR
• Client only required to sign a Declaration of Income
• LMI can be capitalised (max 80%)
• ABN required for only 2 years
• Must be registered for GST if income declared is over $75,000
• Principal & Interest or Interest Only up to 10 years
• Generous security parameters
• Free Online Account Management
• Free Redraw
• Free BPay

Many of the non bank sector have had difficulty competing since the GFC and are finding niche markets that they can effectively compete with the big 4 banks, Collins seemed to have picked an under serviced market and launched a good product to fit it.

Collins Securities increases Low Doc competition in Non Bank Sector is a post from: Sydney Mortgage Brokers MortgageCorp

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