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HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

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Morris

1 year ago

Hi Pavreet, the short answer to your question is 4.79%PA. be advised that i need to qualify you for such a loan and the final interest rate offered will be provided following a full assessment prior to lodgement with the lender...if you are serious about your enquiry and you wish to take this further, you can contact me direct as i work within your region and specialise in business and commercial lending, which means other options may be available for you.

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Lawrence

1 year ago

Hi Pavreet, A Low Doc loan does not absolve the Lender from it's Responsible Lending obligations. It only means that the Lender may relax certain requirements, but for that you have higher interest rates. The rate will depend on individual circumstances. Please contact me to explore your individual opportunities. Regards Lawrence

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Linda

1 year ago

Hello Pavreet, Thank you for your enquiry. There is a large rate band for low doc loans, the rates are determined by many factors ie; debt to value ratio, how long you have held your ABN, how long have you been trading, what documentation is available to support your income. Low Doc loans are normally utilized for businesses that haven't lodged their tax returns or financials are not available. I would need to speak with you further regarding your statement "income on paper is not enough". Happy to speak with you about your options. Regards Linda

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Michael

1 year ago

Hello Pavreet, Low docs range from prime rates to extremely high, these will all depend on your length of trading/ ABN & GST registration, means of verifying income and percentage of borrowings vs your asset value. But keep in mind lo docs are really there for businesses that aren't up to date with their financials/ tax returns. If tax returns are up to date, but you are still unable to demonstrate servicing, lo doc products may not be suitable for you.

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Belinda

1 year ago

Hi Pavreet, how long have you been trading? have you had a short break in your business? are you able to service the loan you require? does your last two or three bas statements appear on track? I have many questions that i'll need to ask you to best determine your outcome and interest rate. Feel free to contact me for a quick chat and i'll assist you.

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Ian

1 year ago

Hi Pavreet, thanks for your enquiry. How long has your business been running? Lo-doc is an option but it generally has a fairly large deposit requirement. When you say the income on paper isn't enough, just how much is it? You'll still need to be able to show that you're capable of servicing the loan. If you can provide a few more details I can help you narrow the options down. Rates are generally a bit higher than standard bank.

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