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small securities
SMALL SECURITIES
CLIENT PROFILE

PAYG Employees
Self-employed for minimum of 2 years
Registered Australian Corporate Entities
Full Evidence of ability to service the debt
Lo Doc evidence of ability to service the debt
and clean credit history


LOAN TERM 30 Years
MINIMUM LOAN AMOUNT AND MINIMUM SIZE

Lo Doc -
90%LVR - $750,000
85% LVR - $1,250,000
75% LVR - $1,750,000
Lo Doc Jumbo -
70% Refinance -$Up to $5 Million
75% Purchase - Up to $5 Million

MAX L.V.R. FULL DOC AND LO DOC

A completed Income Declaration for each borrower
Loans in excess of $1.25M will require additional evidence of servicability, this normally includes an Accountants letter, bank statements and/or evidence of genuine savings, income or equity build up through asset accumulation. ABN must be valid for 18 months.

INTENDED USE

Owner Occupied / Investor

REPAYMENT OPTIONS

Principal & Interest (P&I)
Interest Only (IO)

INTEREST ONLY OPTIONS Up to 5 Years then auto converting to P & I
CREDIT REPORTS Clear credit is generally required. However, loans may be approved with credit impairment if they are satisfactory non financial defaults. An interest rate loading of 0.25% will apply. Full written explanations must be provided.
ADDITIONAL REPAYMENTS Variable interest rate options only
SUBSTITUION OF SECURITY Available in line with credit criteria - simultaneous settlement required.
LOCATION All metro and category 1 areas. Outside metro or major regional areas an interest rate loading of 0.35% will apply
STATEMENTS 1/2 Yearly
REDRAW FEES Available - Minimum $500. 2 free per month/$175 thereafter
FIXED INTEREST Available on request
REQUIRED BORROWER INFORMATION

PAYG - Two most recent payslips and two years tax returns. Companies/Trust/Partnerships: Evidence of income, lodged company tax accounts and/or tax assessments are required for at least 2 years.
Individuals/Self Employed: Signed income tax assessments/returns with all schedules for the last 2 years. Individual to provide confirmation of income from employer plus sighting of the last two payslips.
Lo Doc borrowers must have had ABN for at least 2 years. Income verification is required.

FUNDER TO APPROVE The funder must approve the Individual complexes, Management Agreements and or Lease for all
Student Accommodation
Non Resident loans
Serviced Apartments
Serviced Office Suites
RISK FEES

Yes

BORROWERS LEGAL EXPENSES At Borrowers expense
LENDERS LEGAL EXPENSES At Borrowers expense
VALUATION EXPENSE $375 payable on application
APPLICATION FEE 1.5% plus GST or $1,500 whichever is the greater.
CAPITALISATION FEE Fees can be capitalised to a maximum of 1.5% of the proerty value. The fees allowed to be capiatalised are the risk fees, legal fees ($350 only), title insurance and completion fees.
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© 2004 Eagle Funding Pty Limited