Commonwealth Bank - Low Doc Loans
Main features for Commonwealth Bank home and investment low doc loans
Company | Commonwealth Bank |
Interest Rates | Compare Low Doc Loans |
Products Available | Variable, fixed, line of credit, construction and interest only options |
Maximum Lend Amount Per Property | Less than 60% LVR - unlimited ; Greater than 60% LVR - case by case |
Maximum Exposure Per Borrower | Less than 60% LVR - no max ; Greater than 60% LVR $2.5 million |
ABN Required | 12 months minimum |
GST Required | Yes 1 year regardless of income |
BAS Statements | Less than 60% LVR - Yes 12 Months; Greater than 60% LVR - Yes 12 months |
Purchases | Up to 80% of the properties value |
Refinance Available | Yes up to 80% of the properties value plus 2% for mortgage insurance |
Cash Out | Up to 80% of the properties value & amount on a case by case basis |
Construction | Yes up to 80% of the properties value plus 2% for mortgage insurance |
No Doc | No |
PAYG Employed Borrowers | No |
FEES | |
Upfront Fees | Product selected |
Ongoing Fees | Product selected |
Early Exit Fees | Nil. Break fees apply for fixed rates |
Discharge of Mortgage Fees | Product selected |
Need Help Finding the Right Low Doc Loan
Up to 80% LVR (Loan to Value Ratio) home loans and investment loans at full doc loan rates
BAS statements may be required for lo docs loans up to 80% LVR
Low doc loans for PAYG (employed) borrowers up to 60% of the properties value.
Low doc loans with 6 months to 2 years ABN and GST registration
Refinances up to 80% LVR with
Cash out depending on lender
Credit impaired low doc loans
No doc loans
Many more options and hundreds of loans available