NoDoc Asset
Red Rock’s No Doc Asset loan is the ultimate asset based loan minimial credit history requirements. No Doc asset allows you to borrow up to 80% of your property value with minimial financial documents and no mortgage insurance payable. This product is ideal for borrowers who do not wish to declare an income or may have past credit impairment issues.
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PRODUCT SPECIFICATIONS |
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| Rate | Variable |
| Loan Type | Interest Only up to 5yrs |
| Loan Term | 6 months to 30 years |
| Max Loan Amount | $1,500,000 |
| Purpose | Purchase or Refinance Unregulated Only |
| Repayment Frequency | Monthly |
| Repayment Options | Direct Debit or prepaid |
| Acceptable Security | Residential |
| Acceptable Location | All postcodes considered |
| Max LVR | 80% |
PRODUCT FEATURES |
|
| ABN Requirement | Yes |
| Accountants Declaration | Yes |
| Investment Loans Only | Yes |
| No Monthly Fees | Yes |
| No Mortgage Insurance | Yes |
