No Doc Ultra
Red Rock's No Doc Ultra loan is the ultimate asset based loan with very few credit file requirements. The No Doc ultra loan allows you to borrow up to 75% of your property value with NO income declaration, few financial documents and NO Mortgage insurance payable.
This loan is ideal for borrowers who require a shorter term loan that can either be rolled over for a further 6 months or discharged within the first 6 months with no penalty. In addition no break costs apply if the loan is retired at the end of any term!
Simply Contact Us to find out more today. Request a Free Rate Quote!
PRODUCT SPECIFICATIONS |
|
| Rate | Fixed |
| Repayment Type | Interest Only |
| Loan Term | 6 months - 25 years |
| Max Loan Amount | $1,500,000 |
| Purpose | Investment Purposes Only |
| Repayment Frequency | I/O up to 5 yrs with monthly repayments |
| Repayment Options | Direct Debit |
| Acceptable Security | Residential or Rural Residential (5 acres Max) |
| Acceptable Location | Metropolitan areas & other areas subject to acceptability |
| Max LVR | 75% |
PRODUCT FEATURES |
|
| Monthly Fees | NIL |
| Mortgage Insurance | NIL |
| Monthly Fee | NIL |
| Loan Arrears | Ok with satisfactory explanation |
| ABN | Must have ABN + GST rego >75K |
| Mortgage Arrears | Ok with satisfactory explanation |
| Defaults & Judgments | Ok with satisfactory explanation |
